Full text of Commercial and Financial Chronicle : February 23, 1884 : Investors' Supplement, Vol. 38, No. 974

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81

Investors* Supplement

The

PUBLISHERS,

WILLIAM STREET, NEW

YORK.

is issued once in two months, viz, on

the last Saturday of

June, August, October and December, and one copy of each issue is fur¬
nished to every subscriber of the CHRONICLE.
Extra copies are sold to subscribers of
the CHRONICLE at 50 cents each, or to others than subscribers at $rper copy.

h.

February, April,

[Entered according to Act of Congress

in the year 18P J, l>y

William B. Dana & Co., in tho office of the Librarian of Congress, Wiwhltigton, D. 0.1

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No.

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DEALER IN
7

STOCKS

SCRIP, CITY RAILWAYS, (JAS. STOCKS.

INSURANCE

CITY RAILWAY

STREET, SEW YORK.

BROAD

AND

BONKS.

■m

*

Name of

*3 .*

Name of

Par

Capital.

Company

yal.

at

>

35

Broadway & 7th Av. $2,100,000 $100
1st mortgage
1,500,000 1,000 o
Bleecker Street
900,000 100
%
1st mortgage
700,000 1,000 7
100 3
•i.' Central Cross Town:
600/ 00
7
1st mortgage
240,000 i,oco 6
Cent. Pk.N.&E.Biv. 1,800,000
100 2
Consolidat’d bonds 1,213,000 1,000 7
Cbrisfc’r & 10th Sts
650,000 100 2*2
3 st mortgage...... 1
280,000 1,000 7
I>. D. E. B. & Battery 1/00,000
100 4
1st mortgage
8 £5,000 7 500 7
Scrip
1,200,000 Var’s 6
250,000 100 2 '
Hous.W.St.&Pav.F’y
500 7
id let mortgage..... .■*.
500,000
42d St. & Gr. St. F’y.
750,000 100 3 <
1st mortgage
235,000 1,000 7
Twenty-Third Street.
600,OCO 100 4
1st mortgage.
382,000 1,000 7
Eighth Avenue
100 3
1,000/00
Scrip
1,000,OCO Var’s "6
Ninth Avenue.......
100
800,000
2'

'

....

»

.

•

-

-

-*

Win n Paid
and Payable.

Sixth Avenue

23

January, 1884

•

123

M.&N., due 1922 111
January, 1884 140
J.&D.,Dec.,1902 119

February, 1884

April & Oct., ’98
November, 1883
J. & D., J., 1893
Feb.& Aug.,1904
February, 1884
J. & J., July, ’94
February, Is84
A. & O., 1893
February, 1*84
M & N M.,1893
January, 1884
Jan.& July,l9C4
,

-•

.......

r?lst mortgage

January, 1884
J. & J., July, 1900 110

*

112

111
200
116
100
110
110
245
110
160
112
200
100
85

■

Ask.

January, 1884 153
June&Dec.,1904 103

....

Vr '

Bid.

Capital.

Company.

..

Scrip., i,

105
25
112
127
113
143
121
115
114

Third Avenue
Bonds..
Second Avenue......
Consol, convertible
3d mortgage.

Name ol

105

100

7.
100 5

225

January, 1884

Rate.

Capital.

Company.

113

108*
105

Ask.

Bid

$4,OC 0,000
2,500/00
*

700,000

Bonds

3/00,000
750,000

Bonds
;
New York Mutual.
Bonds
New York
Harlem

105
90

J.&J.,July, 1890 111

ANI» BONDS;

STOCKS

Municipal
112
165
115

Ask.
'Vi.

1,050,000 1,000 7. M.&N,,M.rJ886 106
150,000 1,000 7 ••• A. & O., A., 1885 100

Metropolitan......
112

Bid.

4*:- February, 1884 275

1,000

Manhattan
-

When Paid

and Payable.;

March & Sept. 1300
$100 5 ;
115
l,00u 7; J.&J.,July,Ts90 110
March & Sept; •... **.
Var’s

$750/ 00
500,000
750/00
2,000,000
2/00,000
1,396,500

GAS

il7

•

Par %>
Val. pp

3,500,000
1,500,000
4,000,000
1 ,850,000
2,000,000

Equitable...

•

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WALL STREET, NEW YORK.

59

V'

BUY AND SELL BILLS OF EXCHANGE
ON
’

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Great Britain and.

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Ireland, France, Germany, Belgium, Switzer¬

land, Norway, Denmark,

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Sweden and Holland.

-

ISSUE] COMMERCIAL
IN

TRAVELERS’ CREDITS

AND

STERLINCi,

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AVAILABLE

IN ANY

PART OF

THE

WORLD,

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AND IN

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IN MARTINIQUE AND GUADALOUPE,

FRANCS,

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MAKE TELEGRAPHIC TRANSFERS OF MONEY
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Between

this

,

and

Other

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Countries.
'V-

IttlAIKE
Drawn Abroad ©n~ all




COLLECTIONS
Points fin tbc United
United States on

DRAFTS

OF

Mates and Canada, and of Drafts Drawn fin the
'V'CJ

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Commercial & {Financial Chronicle.
[Entered according to act of Congress, in the year 1884. by Wm. B. Dana & Co., in the office of the Librarian

NEW

.

INVESTORS’

YORK,

FEBRUARY

SUPPLEMENT
OP

#

THK

jfimwctal (£ljronide.

The Supplement is published on the last Saturday of every other
month—viz., February, April, June, August, October and December,
and one copy of each issue is furnished to all regular subscribers of
the Chronicle.
Additional copies of any issue are sold to subscribers at 50 eents each;
and to persons not subscribers single copies are sold at $1 each.

WILLIAM

B.

DANA

&

CO.,

Publisher*,

79 <£ 81 William Street.

NEW
In this number of

found two

RAILROAD
the

Investors’

MARS.
Supplement will be

maps of very important railroad systems
The first of these is the Lake Shore & Michigan Southern
new

forming, with its branches and connections, a double line
Chicago, and by far the most prominent
and the strongest of the railroads operated between those
points. This is the first one of the Vanderbilt lines that
has yet published a map in the Supplement, and it will
probably be followed by the others.
The other new map is of the Richmond & Danville
system, which, with its consort, the East Tennessee Virginia
& Georgia, covers with its net-work of roads the territory
between Buffalo and

embraced in the Southeastern

States, Eist Tennessee and
parts of Alabama and Georgia. These companies control
also the two great lines south from Washington, Richmond
and Norfolk, which are practically the only lines for
Southern traffic east of the city of Cincinnati.
RAILROAD

RONDS AT PRICES
AND

There is

BELOW PAR

BELOW 90.

always more or less inquiry for railroad bonds
selling at apparently low prices, and which there¬
fore seem to offer to investors opportunities for securing
a profitable return.
During the last two or three years,
too, the tendency of capital seeking investment has been
towards bonds rather than stocks—not excepting even
dividend-paying stocks—since the heavy decline in share
properties and the violent fluctuations to which so many of
them have become subject, make investors cautious about
placing their money in them. But the inquiry is particu¬
larly active, when, as during part of the present month,
the general market shows signs of reviving from extreme
depression, or gives evidence of responding to efforts being
made to check its downward tendency.
In such cases
many timid investors who have kept their surplus funds
idle for fear of unwittingly placing them in jeopardy, take
courage and venture to find more profitable remuneration
for their unemployed capital.
Of course, only securities reasonably safe are wanted,
and only these will commend themselves to the considera¬
tion of piudent buyers. In addition, prices must be such *
that

are




23,

of Congress,

Washington, D. C.]

1884.

yield something more than a moderate return on the
money invested.
Safety and cheapness are the two great
desiderata in the eyes of the investing public, and at low
prices it is hardly expected that the security should be ‘giltedged.”
At first sight it would seem a comparatively easy matter
to point out in a given list the bonds that are reasonably
safe.
The task, however, is more difficult than might be
supposed. The words “ reasonably safe ” imply an element
of security that cannot be determined off hand.
There are
so
many things to be taken into account—there is the bond
itself, its terms, conditions and rights; there is the prop¬
erty, its position, prospects and value; there is the man¬
agement, its character, standing and interests; there is the
financial status of the concern, its present needs and possi¬
ble future requirements, &c., &c.
Hence any attempt to specify the bonds which at pres¬
ent prices are cheap, is out of the question.
But the Sup¬
plement aims
to help the investor in his search, by sup¬
plying him with the information necessary to a correct
estimate of the value of any security, and also to simplify
the work for him as much as possible by bringing
together in suggestive form the facts bearing upon a cer¬
tain pointy With this view the present article has been pre¬
pared, and if it is not possible to designate the bonds that at
current prices are certainly cheap, it is at least possible to
make a list of all those that are selling at low figures—that
is, low as compared with the best bonds carrying the same
rate of interest.
The table presented herewith shows all
mortgage bonds selling at the New York Stock Exchange
quoted below certain prices—namely, six and seven per
cent bonds under par, and five
per cent bonds under 90.
Only mortgage bonds are taken, and the limit as to prices
—100 and 90—is entirely arbitrary, as these figures are
much below the prices of strictly first-class bonds.
The list embraces a wide variety of 'bonds—some in
default, others under a cloud, with prices ranging from
1‘2J cents up—and is published merely by way of sugges¬
tion to investors and would-be purchasers.
It should also
be said that the prices given are in each case intended to
be only an approximation to the present ruling quotations,
exact figures not being necessary for the present
purpose.
It is easy to observe that the old-time prejudice against
general or “blanket” mortgages has not altogether lost its
hold upon the minds of investors, for there are quite a
as

to

number of

this class of

bonds in the list.

These bonds

of

course, are junior to all the prior mortgages, and
until the ingenuity of railroad managers had hit upon the
idea of a collateral trust mortgage, they usually marked

the last

expedient in the

of raising money by new
general mortgages are of vari¬
ous sorts, and the mere name no longer constitutes a bar
to their favorable reception.
But where the bonds have
not all been put out, or where they are limited only to so
issues of bonds.

But the

way

INVESTORS'

SUPPLEMENT.

[VOL. XXXVIII.

mile, and mileage keeps increasing from time to quoted at about 102£, the Minneapolis & St. Louis, Pacific
time, the careful investor will naturally inform himself Extension 6s of 1921 quoted at about 102, the Norfolk &
Western general mortgage 6s of 1931 at about 104, the
on these particulars before making a purchase.
Leaving the general mortgages and looking at the list Peoria Decatur & Evansville 1st 63 of 1920 at 101, and
below without reference to the priority of lien which a the St. Paul Minneapolis & Manitoba 1st consols 6s of
bond may have, we can trace two distinct sets of influences 1933, which were issued to the road’s stockholders last
in the quotations given.
The influence of most general year at 10 cents on the dollar (the bonus being in the
importance is that relating to bonds of new systems whose nature of a dividend) and which sell at 103£.
BIX OR SEVEN TER CENT MORTGAGE BONDS BELOW PAR.
earning capacity has not yet developed or had time to
demonstrate itself.
In the case of such roads, especially
Price on or alout Feb. 18.
DESCRIPTION.
in times like these, the purchaser of their securities natur¬
Bid.
Asked.
ally wants a liberal allowance (in price) for possible Alabama Central (East Tenu.t. 1st, Gs, 1918
92
91*2
92%
adverse circumstances yet to come, and thus it happens Atlantic* & Pacific, Western Div., 1st, 6s, 1910.
Poston Hartford & Erie, 1st, 7s, 1900
12%
97
97%
that the securities of many large systems, having appar¬ Buffalo New York & Philadelphia. 1st, 6s, 1921.
80
Central Iowa, Eastern Division, 1st, 6s, 1912..
98
100
Chicago & Eastern III. 1st, sink, fund, 6s, 1907.
ently excellent prospects before them, sell at figures which Columbia A Greenville, 1st, 6s. 1916
98
99
79
2d, Cs.
indicate doubt and uncertainty about their future.
Then, Denver & 1926 Grande, 1st consol., 7s, 1910
Bio
86%
87%
A Rio
71*4
Western, 1st, 6s, 1911...
72%
many bonds of this description have also suffered because Denver South Graiule Pacific.
93
Denver
Park *fe
1st, 7s, 1905
of the marked depreciation in the stocks of the systems to Detroit Mackinac & Marquette, 1st, 6s, 1921...
91%
9o
94%
Erie, id. consol, mortg.. 6s, 1969
which they belong.
97
This has, indeed, been a very potent Evansville & Terre Haute, 1 st., eonsol., 6s, 1921.
93
Galveston liar. & San An.—M. & 1\, 2d, 6s, 1931.
factor in keeping bond prices down.
80
The stocks having Green Bay Winona & St. Paul, 1st, Gs, 1911
98
Houston <fc Texas Central, gen. mortg., 6s. 1921.
been brought into ill repute by bad management or by Indiana Bloom. & West.—East. Div.. 6s. 1921..
89
90
84
International A Gt. North., cp., 2dM 6@, 1909.
83%
92ia
vigorous assaults on the part of operators for a declrne, Louisv. & Nasliv.—Gen. mortg., 6s, 1930
92%
95
N. O. & Mobile, 1st,6s,1930
and sustained a heavy fall in consequence, this has natur¬
85
N. O. <fc Mobile, 2d. 6s, 1930
93
95
Lake Erie & Western. 1st, 6s, 1919
ally made their respective systems conspicuous in the eyes Lafayette Bloomingt m A Mun., 1st, 6s, 1919.
95
93%
92
87^2
of the public and caused distrust in the bonds as well as Louisville New Albany & Chicago, 1st, 6s, 1910.
77
80
Manhattan Beach Imp. Co. (lim.), 1st, 7s, 1909.
95
95%
the shares.
Confidence is easily shaken, and investors Metropolitan Elevated, 2d, 6s, 1899
57
59
Mexican Central, 1st, 7s. 1911
99
97%
have argued (most unfairly in particular instances) that Milwaukee <fc Northern, 1st, 6s, 1910
Missouri Kansas & Texa*, consol., 6s, 1920.
81%
81%
62
the conditions that had precipitated a decline in the stocks New York City & Northern, gen. mortg., 68,1910
98
New York
New England, 1st, 7s, 1905
99%
85
1st, 6s.
might also render the bonds valueless—at least for the New York1905
90
89%
Chicago & St. Louis. 2d, 6s, 1923
time being.
82ia
82%
&
Witness the sudden drop (not unlikely due New York Susquehanna1st.Western, 1st, 6s, 1911
96
94
Midland New Jersey,
Gs, 1910
1H
to manipulation, for the purpose of influencing the stock
Northern Paeitic, 1st, 6s, 1921
100%
New Orleans Pacific, 1st, 6s, 1920
84%
83%
61
market) from 103 to 95 in the first mortgage bonds of the Ohio Central, 1st, 6s, 1920
82
81
Northern Pacific last January, since which time these Oregon <fe California. 1st, Cs, 1921
94
69*2
Oregon Trans-Continental, Gs, 1922
bonds have not got much above par, though they are (as Oregon Improvement, 1st, Gs, 1910
82
75
98
Peoria & Pekin Union, 1st, Gs, 1921
we have shown in the Chronicle) hedged about by so many
Rochester & Pittsburg. 1st. consol., Gs, 1922
95^2
70
Richmond & Allegheny, 1st, 7s. 1920
05%
safeguards as almost to preclude the possibility of a default Richmond & Danville, consol., Gs. 1915
95%
95ia
much per

....

.

,

,

,

....

,

-

•

•

•

•

•

•

«

.

.

■

..

*

•

,

•

.

4

-

*

•

*

....

*

.

...

Scioto Valley, 1st. consol., 7s. 1910.#
Shenandoah Valley, gen. mortg., Cs, 1921

in their interest.

The other feature

alluded to above

as

possibly account

jng for the low prices commanded by certain bonds, is
found in some condition peculiar to the bond itself which
may have formerly existed, but has now passed away
without the fact having become generally known.
Thus

“C’’
bonds, now selling at 99 (lately at 97). These bonds
until 1884 bore only 5 per cent interest per annum, but
now bear six
The total of both issues outstandper cent.
ing amounts to only a trifle over five millions, and the
bonds precede the five millions of general mortgage and
there

are

the St. Louis & San Francisco Class “B” and

several millions of

other bonds

;

ferred

But in

the

of the

Chesapeake &

90

91

72%

72%

92%

20
10

Oregon Short Line, 1st, Gs. 1922
Wabash, gen. mortg., Gs. 1920
Havana Division, Gs, 1 OK*

94%

....

96%

93

65

95
65

77%
90

Iowa Division. Gs. 1921
84
98
98
86

Mortgage 7s. 1879-1909
St. Louis Division, 7s, 1889
Toledo & Wabash. 2d, 7s, 1893
Consol, convertible, 7s. 1907
Great Western, 2d, 7s. 1893

98%
80%

City ANoi tli.—St Charles bridge,Gs.1908

.

.

.

.

99%
100
87
r

•

•

•

...-

FIVE I’KIt CENT MORTGAGE BONDS BELOW 90.

the business of the road

case

99%
99

95%

steadily increasing, and the company has now
years paid 7 per cent on its 4^ millions first pre¬

stock.

-

98

Union Pacific.—Kansas Pae., 1st, eons.,6s,1919.
Atchison Colorado A Paeitic, 1st, Gs, 1905

has also been
for three

,

99%

Dayton Division, 1st, 6s, 1910

Kan.

.

88
60
97

75

South Carolina, 2d, Gs. 1931
St. Louis
San Francisco, class B, Gs, 190G
Class C, Gs, 1906
Texas A New Orleans, 1st. 6s, Sabine Div.,1912.
Texas & Paeitic. consol.. Cs. 1905
1st. Rio Grande Division. Cs, 1930
Toledo Delplios <fc Burlington, 1st, Gs, 1910

.

Price

on or

about Feb. 18

DESCRIPTION.

Bid.

Canada Southern, 2d mortg,* 5s, 1913
Cedar Rapids Iowa Falls «fe North., 1st.

5s, 1921.
Chesapeake Ohio & Southwest, mortg., 5-68.1911

-

86
90

Asked.

....

bonds

is

15

million dollars.

The

amc
For the first three

Columbus Hocking Valley A Tol., 1st, 5s, 1931.
East Tennessee. 1st. consol., 5s, 1930
Missouri Kansas «fc Texas, 5s, 1920
New York West Shore & Buffalo, 5s, 1931
Rome Watcrt’n & Ogdensb’g, 1st, cous., 5s, 1922.
St. Louis I. M. A South., gen. mortg., 5s, 1931..

87
81

73%
66%
53%
70%

73%

Wabash.—Chicago Division. 5s, 1910

speedily recognized by the public.

86%

76

Cairo Division, 5s, 1931

payable in 1st preferred stock entirely, then it was
payable for one year one-half in cash, then for one year
two-thirds in cash, and now (with this year) has become
entirely payable in cash. The price of the bonds for a
long time hovered about 90, and in April last year dropped
to 83J, quickly recovering, however, but now has risen to
102; and they therefore do not come into our list. It may

76
....

....

54

70%
76%
77
75

Regarding the roads individually in the above table
is of course impossible to allude to more than a
few of them in detail.
Some are influenced by one
or
the other of the sets of conditions already remarked
upon, and some sell low for reasons peculiar to them¬
selves and not from any general cause affecting a
whole class of roads alike.
The table being intended
be remarked that there are a number of other six per cen
as
merely suggestive, the investor can best use it in
bonds selling in the vicinity of 100, but which are excluded connection with the regular information given on sub¬
from our table because they are on the other side of that
sequent pages of the Supplement, where in the index at
figure rather than this. Among these may be mentioned the foot of the remarks he will find a complete guide to
the Milwaukee Lake Shore & Western 1st 6s of 1921, recent events in the history of each company.
Beyond

was




it

Febbuaby,

1884.]

INVESTORS’

that, the character of the bonds and the terms and con¬
ditions of the mortgage should be carefully examined
every

time.

Among the roads, however, that are worthy of particu¬
lar mention here, we may refer to the Metropolitan Ele¬
vated second mortgage

bonds. The price of these bonds
is no doubt affected by the complicated and vexatious liti¬
gation in which the elevated system of roads has been
involved. The peculiarity of this issue is that its amount
is small—only $2,000,000, calling for no more than $120,000 per annum for interest—and that the 1st mortgage
which precedes it is for nearly 11 millions, so that if the
contingency of a possible default exercises the minds of
investors, and is an influence upon the price, these bonds
would appear to be almost as favorably situated as the firsts.
It is hardly conceivable that the company would be unable
to meet a half-yearly payment of $00,000 on these bonds
(say in May), and then two months subsequently meet the
Bum of $325,000 called for on the first mortgage bonds.
Both the firsts and seconds have lately attracted consider¬
able attention and sharply advanced.
The firsts for a long
time ruled near par, and at one time during 1883 were as
low as 96, but now sell at 106.
The seconds, which kept
close to 90, but in February a year ago dropped to 81, now
command 95.
The

Richmond & Danville consol Gs

that merit

are

another issue

SUPPLEMENT.

3

The

Oregon Trans-Continental bonds, selling at 70, of
course are influenced by the unfortunate
predicament in
which the company finds itself placed.
But as to these
bonds the fact should not be lost sight of, that they are
secured by an equal amount of Northern Pacific first mort¬
gage branch bonds placed in trust, on which the Northern
Pacific guarantees (after two years) a rental equal to 6 per
cent interest and 1 per cent sinking fund.
Further, the
Oregon Company (per the last annual report) held a
reserve against maturing interest to provide for all coupons
falling due up to the end of 1884.
As to such bonds as those of the Richmond & Allegheny,
the Ohio Central, the Toledo Delphos & Burlington, and
New York City & Northern, they are all in default on
their interest, and the value ^of the bonds''depends upon
their prospects in any scheme of re-organizition to extricate
4he companies from their present embarrassments.
The New York Chicago & St. Louis second mortgage
bonds bearing 6 per cent interest are quoted at 90, though
the road, as is known, is controlled by the Vanderbilts.
Tne reason is, no doubt, that its earning capacity has yet
to bo demonstrated.
A poiut in favor of the bonds is
that the Lake Shore company has invested such large
amounts in the stock of the road that it could hardly
afford to allow any default in the interest, oven if earnings
were insufficient.
The Alabama Central 6?, quoted at 92
m
our table, are an
underlying mortgage in the East
Tennessee system.
Tn9 Peoria & Pekin Union bonds are
the bonds of a road controlled by four connecting com
panics, and being 14 millions in amount call for $90,000
a year.
In the calendar year 1882 the road earned
$133,601 net. The Louisville New Albany & Chicago
first mortgage bonds were issued in 1880 at 20 cents on

special remark. There are $3,698,000 of these
outstanding, and $6,000,000 is the full amount author¬
ized, the balance being reserved to take up prior liens.
The position of the company is somewhat complicated by
reason of its lease and
ownership of connecting and branch
roads, but its own obligations are light; and, further, the
company had remaining in the fiscal year 1382-3 $732,905
net earnings, after allowing for losses on the lines
directly the dollar (to stockholders). The company since then
operated by it, while the fixed charges on its debt (exclud has put out $2,300,000 Indianapolis D.vision bonds and
ing the four millions debentures on which the payment of $1,000,000 general mortgage bonds.
interest is not obligatory), amount to only about $130,000.
Among five per cent bonds, those of the East Tennessee,
It is likely that the events of the last few years in connec¬ the Columbus
Hocking Valley & Toledo, the Canada
tion with the rise of the company’s stock to 250,
and its Southern and the Chesapeake Ohio & Southwestern
sudden drop subsequently, caused prejudice against all the attract notice for their
prices. The first mentioned sell
securities of the company which time and good
lower than the othersIn the last fiscal year ending June
manage
ment will overcome.
30, 1883, the East Tennessee had a small surplus over its
The Columbia & Greenville is a road controlled
by the charges for interest on these bonds, but during the first
Richmond & Danville through its ownership of Richmond half of the current fiscal
year the net earnings have
k WeBt Point Terminal stock.
The only debt the com¬ increased $316,518.
The Canada Southern 5s in the list
pany has is the first and second mortgage bonds given are the second mortgage bonds authorized by the ^consoli¬
above, the former amounting to $2,000,000 and the latter dation agreement of November, 1882, with the Michigan
to $1,000,000, both bearing 6 per cent interest and call¬
Central, and by the same agreement the fixed charges of
ing for $180,000 per year. The firsts are nearly up to, both companies have first to be met before any dividends
par, but the seconds are quoted below 80.
The net earn¬ can be paid upon the stock of either. The Chesapeake
ings in the year ended Sept. 30, 1883, after allowing for Ohio & Southwestern bonds cover the extension of the
the rental of the Spartanburg Union & Columbia road
Chesapeake & Ohio system to Memphis, but the earnings
were $249,108,
against the $180,000 yearly charges on of this extension are yet small and do not suffice to pay
the debt.
In the preceding year, however, the net earn
the company’s fixed charges.
The Columbus Hocking
ings were only $121,483.
Valley & Toledo, however (a road engaged in the coal
The New York & New England first mortgages, it will business in Ohio, and whose bonds sell at 81, while the
be seen, sell below par for both the 7s and the 6s, the latter Chesapeake & Southwestern sell at 86 @87), has in each
year since the consolidation in 1881, had a good margin
indeed below 90. The total of both issues outstanding
of surplus, and in 1883 even paid a dividend of
per
amounts to 10 million dollars, and the interest
charge on cent on its 10 millions stock. While on the subject,- we
the same is $660,000.
The road has become financially may say that there has been during the present year quite
embarrassed, and is now operated by a receiver* Of this, a movement in the higher-priced 5 per cents outside our
however, there can be no doubt, that the company has an list, some of them non-mortgage bonds too. Thus the 5
per cent debentures of both the Chicago & Northwestern
excellent piece of property, on which many millions more and the
Chicago Burlington & Quincy Railroad now rule
than the amount represented by the first mortgage have at about 96, while on the 1st of January they sold at
92£
been spent, and with its strong location as the only through and 92 respectively.
During the same time the Chicago
line crossing the Hudson River south of Albany, and with & Pacific Western Division 5 per cent bonds of the St.,
Paul have risen from 93J to 954, the Wisconsin & Minne¬
a
bridge across that river as one of the events not im sota Division from 91 to 93, and the Canada Southern
probable in the future, it is quite possible that this may yet 1st mortgage 5s (interest guaranteed by New York Central),
turn out to be an exceptionally good road.
from 95£ to 99.
*
*




..

4

INVESTORS' SUPPLEMENT.
INDEX

to

names

of

[Ycl. xxxv n.

railroads.

With the numerous changes which are constantly taking place in the titles of various railroad companies, by reason of
foreclosures, consolidations, &c., ifc frequently occurs that much difficulty may be experienced in looking up the name of a
former company in the tables of this Supplement. To obviate this difficulty, and to facilitate reference to any name, whether
new or old, the following index has been
prepared :
FORMEIi NAME.

Alabama A Tennessee River
Alabama Central

WILL NOW BE

FOUND UNDER—

FORMER NAME.

Selma Rome A Dalton.
East Tenn. Virginia A Georgia.

Allegany Central

Maine Central.
Denver A Rio Grande.
Chicago Burlington A Quincy.
Union Pacific, Central Branch.
New York Pennsylvania A Ohio.

Atlantic Mississippi it Ohio
Atlantic & Pacific

Jackson Lansing & Saginaw.
Jamestown A Franklin
Joliet A Chicago
<

Lackawanna A Pittsburg.

Androscoggin & Kennebec
Arkansas Valley

Norfolk & Western.

American Dock A Improvem’t Co.. .Central of New Jersey.
Atchison & Nebraska
Atchison & Pike’s Peak
Atlantic & Great Western
Atlantic A Gulf

St. Louis A San Francisco.

Baltimore Short-Line

Marietta A Cincinnati.

Flint A^Pere Marquette.

Boston Hartford & Erie
Buffalo A Erie
Buffalo Pittsburg & Western

New YTork it NewEngland.
Lake Shore it Michigan Southern.

Beloit A Madison
....Chicago <t Northwest.
Bellefoutaine & Indiana
Ohio Railroad.
Boston Clin. Fitch. A New Bed
Old Colony.
Berks County
Philadelphia it Reading

Burlington & Missouri.'

Cairo Arkansas A Texas
Cairo <t Fulton
California <t Oregon
Camden & Amboy

Cape May & Millville

Central Branch Union Pacific
Central of Long Island
Central Verinout
Cham. Havana A West
Charleston & Savannah

Chicago Cincinnati it Louisville
Chicago Clinton Dubuqe it Minn

Buffalo New York it Philadelphia.
Chicago Burlington & Quincy.

Missouri Pacific.
Missouri Pacific.

Central Pacific.
United Companies of New Jersey.
West Jersey.

...Central Branch Union Pacific.

Flushing North Shore <t Central.
Consolidated Vermont.
Wab. St. Louis it Pacific.
Savannah & Charleston.
Wabash St. Louis it Pacific.
C. M. it St. Paul.
Columbus Chic, it Indiana Central.

Chicago & Great Eastern
Chicago <t Illinois River
Chicago & Alton.
Chicago it Michigan Lake Shore
Chicago it West Michigan.
Chicago it Milwaukee
Chicago A Northwest.
Chicago & Springfield
Illinois Central.
Chicago A Southwestern
Chicago Rock Island A Pacific.
Chicago St. Louis & New Orleans... Illinois Central.
Chic. St. Paul & Minn
Cincinnati it Baltimore
Cincinnati A Chicago Air-Line
Cincinnati & Indiana

Cincinnati Lafayette &

Chicago

Clayton & Theresa

Chic. St. Paul Minn. & Omaha.
Cincinnati Wash. & Baltimore.

Columbus Chic. A Indiana Central
Cin. Indianapolis St. Louis it Chic.
Cin. Indianapolis St. Louis it Chic.
Utica it Black River.

Cleveland Mt. Vernon A Delaware..Cleveland Akron it Columbus.
Cleveland Painesvilleit Ashtabula..Lake Shore it Michigan Southern.
Cleveland A Toledo
Lake Shore it Michigan Southern.

Col. Chicago & Indiana Central
Chicago St. Louis <t Pittsburg.
Columbus it Indiana Central
Columbus Chic, it Indiana Central.
Columbus & Indianapolis Central.. .Columbus Chic, it Indiana Central
Columbus & Toledo
Col. Hocking Valley & Toledo.
Connecticut Western
Hartford it Connecticut Western.
Covington & Lexington
Kentucky Central.
Dakota Southern
Danville it Vincennes

Davenport A Northwest
Decatur A East St. Louis
Delano Land Co
Denver Pacific
Detroit & Bay City
Detroit it Eel River
Detroit & Milwaukee
Detroit Monroe it Toledo
Detroit it Pontiac
Dixon Peoria A Hannibal

Dubuque Southwestern

Sioux City it Dakota.
Chicago it East. Illinois.
Chicago Milwaukee & St. Paul.
Wabash St. Louis A Pacific.

Lehigh Valley.
Union Pacific.

Michigan Central.

Eel River.
Detroit Grand Haven A Milwaukee
Lake Shore & Michigan Southern.
Detroit Grand Haven A Milwaukee

Chicago Burlington it Quincy.
Chicago Milwaukee it St. Paul.

East Tennessee A Georgia
Fast Tenn. Virginia it Georgia.
East Tennessee it Virginia
East Tenn. Virginia it Georgia.
Easton <t Amboy
Lehigh Valley.
Elizabeth City & Norfolk
Norfolk & Southern.
Essex
Eastern (Mass.)
Evansville it Crawfordsville
Evansville it Terre Haute.
Evansville Henderson A Nashville..Louisville & Nashville.

Michigan Central.
Lake Shore A Michigan Southern
Chicago A Alton.

Kalamazoo Allegan A Gr. Rapids
Lake Shore A Michigan Southern
Kalamazoo A Schoolcraft
Lake Shore A Michigan Southern.
Kalamazoo A South Haven
Michigan Central.
Kalamazoo A White Pigeon
Lake Shore A Michigan Southern.
Kansas City A Cameron
nannibal A St. Joseph.
Kansas City A Eastern
Missouri Pacific.
•
Kansas City Lawrence A So. Kaus. .Southern Kausas.
Kansas City St. Jos. A Council 3 ...Chicago Burlington A Quincy.
Kansas City St. Louis A Chic
Chicago A Alton.
Kansas City Topeka A Western
Atchison Topeka A Santa Fe.
Kansas A Nebraska
St. Joseph A Western.
Kansas Pacific
Union Pacific.
..

Savannah Florida & Western.

Bay City & Saginaw

WILL NOW BE FOUND UNDER-

1

Lackawanna A Bloomsburg
Delaware Lackawanna A Western.
Lafayette Bloomington A Muncie...Lake Erie A Western.
Lake Erie Wabash A St. Louis
Leavenworth Atchison A N’wcst
Leavenworth Lawrence A Galv
Leeds A Farmington

Wabash St. Louis A Pacific.
Missouri Pacific.
Kansas City Lawrence A Southern

Maine Central.
Central of New Jersey.

Lehigh A Wilkesoarre Coal Co
Lexington A Southern

Missouri Pacific.

Long Dock Company

New. York Lake Erie A Western.
Chicago A Alton.

Louisiana A Missouri
Louisiana Western

Texas A New Orleans.

Louisville Cincinnati A
Louisville N. Albany iv

Lexington..Louisville A Nashville.
St. Louis./..Louisville Evansville A St. Louis.
Lynchburg A Danville
Wash. City Va. Mid. A Gt. Southern
Hacon A Augusta
Macon A Western
Marietta A Cincinnati.
Marietta Pittsburg A Clove
Massachusetts Central.

Georgia RR. A Banking Co.
Central Railroad A Bank Co., Ga.
Cincinnati Wash. A Baltimore,

:.Cleveland A Marietta.

Central Massachusetts.

Connecticut A Passumpsic.
Louisville A Nashville.
Chicago A Northwest-

Massavvippi
Memphis A Ohio
Menominee River
Met ropolitan Elevated

Manhattan Elevated.

Michigan Air-Line

Michigan Central.
Lake Shore A Michigan Southern.
New York Susquehanna A Western.
Milwaukee A Western
Chicago Milwaukee A St. Paul. ^
Minnesota Central
Chicago Milwaukee A St. Paul
Minnesota Valley
..Chicago A Northwest.
Missisquoi
Vermont A Canada.
Mississippi Central
Chicago St. Louis A New Orleans.
Missouri River Fort Scott A Gulf
.Kansas City Fort Scott A Gulf.
Michigan So. A North’n Indiana
Midland of New Jersey

..

Missouri River RR...
Montclair
Mouticello A Port Jervis

Missouri Pacific.
New York A Greenwood Lake.
Port Jervis A Montioello.

Nashua A Rochester.
Newark A New York
New Bedford Railroad
New Jersey Midland
New Jersey RR. A Trausportat’u
New Mexico A So. Pacific
New Orleans Jackson A G. N
New Orleans Mobile A Texas
New Orleans Pacific
New York Elevated
New York A Manhattan Beach
New York A Oswego Midland

Worcester A Nashua.
Central of New Jersey.
Boston Clinton Fitchburg

New York A Rockaway...
Newtown A Flushing
Niles A New Lisbon
Norfolk A Petersburg
North Missouri
North Wisconsin
Northern Cro-s
Northwestern North Carolina
Northwestern Union

A N. B.
New York Susuuehanua A Western.
Co.United New Jersey RR. A Canal Oo
Atchison Topeka A Santa Fe.
Chicago St. Louis A New Orleans.
New Orleans A Mobile.
Texas A Pacific.
Manhattan Elevated.
Manhattan Beach Co

New York Ontario A Western.
Long Island.
Long Island.
Cleveland A

Mahoning Valley.

Norfolk A Western.
Wabash St. Louis A Pacific.

Chic. St. Paul Minn. A Omaha.

Chicago Burlington A Quinoy.
Richmond A Danville.

Chicago A Northwest.
Baltimore A Ohio.

Northwestern Virginia
Oakland A Ottawa River
Ohio A West Virginia
Oil Creek
1
Omaha A Southwestern
Ontario Southern

Detroit Gr. Haven A Milwaukee

Col. Hocking Valley A Toledo.
Pittsburg Titusville A Buffalo.
Burlington A Missouri in Nebraska
Lake Ontario Southern.

Flint A Holly
Florence El Dorado & W
Florida Central

Flint it Pere Marquette.
Atchison Topeka & Sanfa Fo.

Orange A Alexandria
Ottawa Oswego A Fox River

Washington City Va. Mid, A Gt. So.
Chicago Burlington A Quincy.

Framingham it Lowell

Lowell & Framingham.
Toledo Delphos & Burlington.

Pacific of Missouri
Paducah A Elizabethtown
Pekin Lincoln A Decatur
Peninsular (Mich.)
Peoria Pekin A Jacksonville

Missouri Pacific.

Frankfort it Kokomo
tialena A Chicago Union
Grand Rapids New it L. Shore
Grand River Valley
Great Western (Ill.)

Green Bay & Minnesota

Florida Central it Western.

Chicago & Northwest.
Chicago it West Michigan.
.Michigan Central.
Wabash St. Louis it Pacific.
Green Bay Winona & St. Paul.

Greenville A Columbia

Columbia A Greenville.

Hannibal it Central Missouri
Hannibal & Naples
Harlem & Portchester

Missouri Kansas & Texas.

Wabash St. Louis it Pacific.
New York New Haven A Hartford.

Hastings it Dakota

Chicago Milwaukee A St. Paul.

Holly Wayne A Monroe
Holyoke A Westfield

Flint A Pere Marquette.

Houston & Great Northern
Hudson A River Falls

Missouri Kansas A Texas.
Chic. St. Paul Minneap. it Omaha.

Illinois Grand Trunk
Illinois & Southern Iowa
Indiana A Illinois Central

Indianapolis
Indianapolis
Indianapolis
Indianapolis

Chicago Burlington & Quincy.

Wabash St. Louis it Pacific.

Indianapolis Decatur it Springfield
Bloom.it West. Exten..Champaign Havana A Western.
Cin. & Lafayette
Cin. Indianapolis St. Louis it Chic.
& Cincinnati
Cin. Indianapolis St. Louis & Chic.
it Madison
Jeffersonville Madison it Ind.

International it Great Northern

Ionia & Lansing
Iowa City <t Western
Iowa it Dakota
Iowa Midland
Iowa A Minnesota
Iowa South. A Missouri North




New Haven it Northampton.

Missouri Kansas & Texas.

Detroit Lansing & Northern.

Burlington Cedar Rapids it North'n

Chicago Milwaukee A St. Paul.
Chicago <t Northwest.
Chicago Milwaukee A St. Paul.
Chicago Rock Island A Pacifiu.

Chesapeake Ohio A South western.
Peoria Decatur A Evansville.

Chicago A Northwest.
Wabash St. Lonuis A Pacific.

Buffalo Pittsburg A Western.
Atchison Topeka A Santa Fe
Pomeroy A Newark.
Chieago A Lake Huron.

Pittsburg Titusville A Buffalo
Pleasant Hill A De Soto

Pomeroy A State Line
Port Huron A Lake Michigan
Portland A Kennebec
Port Royal
Prairie du Chien
Pueblo A Arkansas Valley

Maine Central.

Port Royal A Augusta.

Chicago Milwaukee A St. Paul.

Quincy Alton A St. Louis
Quincy Mo. A Pacific.
Quincy A Palmyra
Quincy A Toledo

Quincy A "Warsaw
Republican Valley

'

Atchison Topeka A Santa Fe.

.

Chicago Burlington A Quincy.
Wabash St. Louis A Pacific.
Hannibal A St. Joseph.
Wabash St. Louis A Pacifio.
Chicago Burlington A Quinoy.
Burlington A Missouri in Nebraska.

Rochester A Northern Minnesota ...Chicago A Northwest.
St.
St.
St.
St.
St.
St.
St.
St.

Joseph A Denver City
Joseph A Pacifio

St. Joseph A Western.
St. Joseph A "Western.

Louis Iron Mount’ll A Southern .Missouri Pacific.
Louis Jacksonville A Chicago—Chicago A Alton.
Louis Kansas A Arizona
r...Missouri Pacifio.
Louis Kansas City A Northern...Wabash St. Louis A Pacific.
Louis A Lexington
Missouri Pacific.
Louis Rock Island AC
Chicago Burlington A Quinoy.
Louis A Southeastern
Louisville A Nashville.
Paul A Chicago
Chicago Milwaukee A St. PauL
...St. Paii Minneapolis A Manitoba.
St. Paul A Pacifio

February,

1854. J

INVESTORS’
INDEX TO NAMES OF

Paul A Sioux City
Cliic. St. Paul Minn. A Omaha.
Chic. St. Paul Minn. & Omaha.
PaulJS till water & T. F
Sandusky City A Indiana
Cincinnati Sandusky &Cleveland.
Sandusky Dayton A Ci noinnati
Cincinnati Sandusky & Cleveland.
flan Francisco Oakland A Alameda.Central Pacific.
Savannah Albany A Gulf
Atlantic & Gulf.
8t

Savannah & Charleston
Schoolcraft A Three RLv era
Scioto A
Sioux

Sioux

Hocking Valley

City A Dakota

City A St. Paul

Port Jeffers on
South Pacific (Mo.)
South Side, (L. I.)
South Side (Va.)
Southern Georgia A Florida
gouthern Minnesota
StansteadS. A Ckambly
Steubenville & Indiana
Sunbury A Erie
Smlthtown A

Tolo lo
■i —

Norfolk A Western.
Savannah Florida A Western.
Chicago Milwaukee A St. Paul.
Vermont Central.
Pittsburg C. A St. Louis.
Philadelphia A Erie.

Missouri Kansas A Texas.
Nashville Chattanooga A St. Louis.
Wabash St. Louis A Pacific.
Columbus Chic. A Indiana Central.
Logamporfcmidmmm—!—i——mm*————- —— — rmt.
A jBurlington

AjNeosho.
Teuucssc A Paoiflo
Tolcdo.A Illinois
Tobo

Charleston A Savannah.
Lake Shore A Michigan Southern.
Marietta A Cincinnati.
Chicago Milwaukee A St. Paul.
Chic. St. Paul Minn. A Ohama.
Long Island.St. Louis A San Francisco.
Brooklyn A Montauk.




SUPPLEMENT.
RAILROADS-<Cohtikum>>.
Toledo Peoria A Warsaw
Toledo A Wabash

Wabash St. Louis A Pacific.
Wabash St. Louis A Pacific.

Union
Union A Logansport
Union A Titusville
Utah Southern
Vermont A Canada
Vermont Central

Northern Central.

Columbus Chic. A Indiana Central.
Pittsburg Titusville A Bu^Salo.
Utah Central.
Consolidated Vermont
i... Consolidated Vermont

Virginia Central
Virginia A Tennessee

Chesapeake A Ohio.
Norfolk A Western.

Wabash A Western
Waco A Northwest
Wallkill Valley

Wabash St. Louis A Paolflc.
Houston A Texas Central.

Lehigh A Hudson River.

Washington City Va. Mid. A Gt So. Virginia Midland.
West Chester A Philadelphia... —Philadelphia A Baltimore Central.
West Wisconsin
Western Pacific
Western Union Railroad
Wichita A Southwestern
Winona A St. Peter
Wisconsin Vallej’
Westeru Minnesota

Chicago St. Paul A Minneapolis.
Central Pacific.

Chicago Milwaukee A St. Paul.
Atchison Topeka A Santa Fe.

Chicago A Northwest.
Chicago Milwaukee A St. Paul.
St. Paul A Northern Paoiflo.

STOCK AND

BOND TABLES.

NOTES.
These tables

expressly intended to be used in connection with the information concerning Investment matters, published from week to
week in the Chronicle—t® which an index is furnished in tharemarks at the foot of the tables. Annual reports are in blaok-faeed figures.
A description of U. S. Government Securities is published in the Chronicle each month, as soon as the official “ Debt Statement” is issued.
Prices of all active Stocks and Bonds are quoted weekly in the Chronicle, and a list of general quotations is published monthly.
The following will give explanations of each column of the tables below:
Description.—Railroads leased to others will sometimes be found under the lessee’s name. The following abbreviations frequently occur, viz.:
M. tor “mortgage.” s. f. for “sinking fund,” 1. gr. for “ land grant,” reg. for “ registered,” coup, for “ coupon,” Br. for “Branch,”
guar, for
“guaranteed/' end.for “ endorsed.” “ Coupon*” indicates that the bouds are coupon, but may be registered.
are

Date of Bonds.—The date of issue is referred to in this column.
Miles of Road.—Opposite Stocks, this means the miles of road

by the mortgage.

operated,

on

which the earnings are based; opposite bonds, the miles covered

Blze or Par Value.—These figures are dollars, showing the denominations or par value. The figures “ 1.00, Ac.,” signify $100 and larger.
Rate Per Gent.—The interest ver annum is given'for bonds, but the per cent of last dividend for stocks; g means gold; x, extra; s, stock or scrip.
When Payable.—J. A J. stands for Jan. A July; F. A A., Feb. A Aug.; M. A S., March A Sept.; A. & O., April A Oct.; M. & N., May & Nov.; J. A D..
June & Dec.; Q.—J., quarterly from January; Q.—F., quarterly from Feb.; Q.—M., quarterly from March.

7981

Ronds, principal when due; Stocks, last dividend.—The date in this column shows the period when the principal falls due of bonds, but the time
when the last dividend was paid on stocks

STATE SECURITIES.
Subscribers will confer

a

great favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.
For

explanations

see

Date of
Bonds.

Size

Outstanding

par
Value.

notes above.

INTEREST.

Amount

or

Alabama—Substitution bonds (A) ($7,000,000).
1876
$100Ac.
Bubstltut’n b’ds for RR. (B) ($590,000)
100 Ac.
1870*
do
for Ala. A Chatt. (C) ($1,000,000
1876
100 Ac.
1880
Funding “obligat’ns” (tax-rec’bie 10-/0 yrs.)
Arkansas— Funding bonds of 1369 and 1870.. 1869 to’70
1,000
1870
Funding Bonds 1870 rllolford)
1,000

$6, 717,000

100 Ac.

1,986,773

Levee bonds (or warrants)
Old unfunded debt, including interest

1871
1838 to '39
1875
1809
1870

Sinking fund l)ds.(Loughborough)Aot.Dec.,’74

To
To
To
To
To

Memphis A Little Rock Railroad

Little Rock A Fort Smith Railroad

Little Rock, Pino Bluffs A N. Orleans RR..
Arkansas Central Railroad

California—State Capitol bonds
Funded debt bonds of 1873
Connecticut—War bds., not t ax., 20 yr. )

Bonds, 10-20 year
>
or
New bonds (sink, id.)
) reg.
Delaware.—Rcfund’g bds., sor. “A,” “ L" A “C”
School bonds

Dist.of Columbia- Perui’t imp’t, gold,

coup
coupon..
coup, or reg.

Permanent improvement bonds,
Bds for fund’g (Act June 10,’79)
Fund, b’ds (U.S.guar.. Acts June/74A Feb./vd)
Market stock, registered and coupon
Water stock bonds, coupon
Wash, fund’g, ghl,($038,900 arc M.AN..1902).
Florida—State bonds
Gold bonds

Georgia—Atlantic A Gulf Railroad bonds
Bonds, act of Mar. 12, ’00 (renewal W. A A.)..

§uarterly goldJan. 18, act of Sept. 15, 1870..
bonds, ’72
ouds, act of

Bonds for various State purposes.

Military loan

1,200,000
1,000,000
1, 200,000
600,000
1, 350,000
500,000

1,000
1,000
1,000

1872
1873
1879
1874
1872
1371 to’73
1872
1871
1873
1866
I860
1870
1872
1873

500 Ac.
100 Ac.
100 Ac.

'

50 Ac.

50 Ac.

1,000
100 Ac.
100
100 Ac.
500
500 Ac.

1,000

1864 to ’75
1864 to ’69

o

rr

4

7
7
7
7
7 g.
6 g.

693.000

6
5

1, 741,100
1,031,000

1, 100,000

1,000
1,000

3*2

025,000
156,750
of 6 62,700
653,600

4

6

n

<> g-

7

307,500

1,000

300,000
542,000

1,000

2,267,000
5*. 138

.

65,000

585,000
lOOAc.
100 Ac,

A J

N.

Y., Importers’ A Tr. Bk.
do
do

iJ. A J.
J.

J.

A

|J. A J.
1J. A

1

J.

N.

3,904,783
39,675
773,000
307,500

3o-year bond.--, dabcil July 1. 18,0, bearing
per cent till 1800, and 5
any allowance for pastl bonds were exchan ged
due coupons. Alabama A Chattanooga end<
for $1,000,000 of the new bonds. Chess C, to bear 2 per cent till 1881,
gave

and 4 per cent for remaining 25 years. For railroad endorsements the
bonds issued bear 5 per cent. In 1880 tlie. new 0 per cent bonds were
issued to retire old 8 per cent “State obligations/’
Analysis of the
debt and funding operations was given in tile Chronicle, V. 24, p. 2$.
For the $2,000,000 of State 8 per cent bonds issued to the Ala. A Chatt.
RR. under act of Feb. 11, 1870. the State gives the lion on the lauds

granted mills The assessed valuation of real estate and personalty1882Tax rate in was
3, 01* to that railroad, 500,000 to 1,200,000 acres.

$139,077,328 in 1880, $152,920,115 in 1881, and $151,520,551 in 1882.
Arkansas.—The State Supreme Court decided Levee bonds of 1809 and
1870 Invalid ; nor are the Ilolford or the Railroad Aid bonds recog¬
nized by the State. The Slate is in default for interest-, except on the
secured sinking fund bonds (Loughborough) issued under the law <>f
December, 1874. In Jan., 1883, a decision was made by tin;■ U. S. Cir¬
cuit Court, substantially holding the railroad companies responsible
for the State bonds issued to them, but this was reversed in October
and the ease appealed to U. 8. Supreme Court. See the references
below. The following are the latest official assessments:
Real Estate.

1881
1882
1883

Personal.

$41,813.803

$58,4 15.11 1

CO. 155,303

37.010.228

78,090,000

47,000,000

(estimated)

Tax Rate
7 Lj
■7*3

—(V. 30, p. 29, 139, 700. 750.)

California.—TheState holds in trust for Sellout and University funds

$480,000 Capitol bonds aud also bonds of

1873, in all $2,090,000.

Assessed valuations and rate of tax per $1,000 have been :
Real Estate.
Personal.
Years.

1881
1882

.

.

$ 100,2 < 3,585
100.094,217
404.082,851
440,319,940

$118,304,451
1 19,050,007
140.180/978
120,848,453

Tax Ra te.

$5-50
0-40
(>'55
5’90

Connecticut.—The debt of Connecticut was all created oil in ally for
war purposes.
Assessed valuation and tax rate per $1,000 ha ve been :
Years.

1*81

Real Estate.

Personalty.

$228,987,700
$95,901,323
—
$327,182,435
•
$332,170,850

Tax Rate.

1-50

1T»0

1882
3-12,242,500
1 50
The obsessed vuluat ion of real estate is about 70 per cent of the true value.
—(V. 35. p. 131 ; V. 37, p. 127.)
Delaware.—These refunding bonds issued July, 1881. take up out¬
standing debt. Series “A” are $100,000, redeemable 1880; series “B/.'




July 1, 1906
July 1. 1906
July 1. 1906

do
do

Jan. 1, 1900
1899
1900
1900
1860
1905
1899
1900
1900
1900

Montgomery.
Y., Union Trust Co.

....

|J.

do
do
J.
J New York, Nat. City Bank.
O.
N. Y., Union Trust Co.
O
'
do
do
O.
do
do
O.
do
do
O.
do
do
J.
Sacramento, Treasury.
J.
do
do
O.
Hartford, Treasury.
N.
do
do
do
J.
do
J.
Phila., Phila. Nat. Bank.

A J.

J.
J.

A
A
A. A
A. A
A. A
A. A
A. A
J. A
J. A
A. A
M. A
J. A
J. A
....

J. A J.
J. A J.
J. A J.
F. A A.
J. A J.
J. A J.
I. A J.
Jan.
J. A J.
F. A A.
J. A J.

Wash,

or

April, 1900

July. 1885 A ’87
1893-94
Oct. 1, 1885

May 1, 1897
Jan., 1903
1886, 1891, 1901
Jan. 1, 1901

N. Y., U. S. Treas.

do
do
do
do
do
do

do
do
do
do
do
do

Juij' 1,
July 1,
July 1,
Aug. 1,
July 26,

•

•

1

Alabama.—The State

Due.

1891
1891
1899
1924
1892

5
3-65
7
7
Oct. 1,1901 A ’03
6 g.
1892 A 1902
N. Y., National Park Bank.
7
Jan. 1, 1901
do
6 g.
Jail. 1, 1903
do
6
N. Y., Fourth National Bk.
Feb. 1,1886
7
N. Y., National Park Bank.
May, 1886
!
7 g. j Q.-J.
do
do
Oct., 1890
J. A J.
do
7
do
July, 1892
8
A. A O.
do
do
April 1, 1886
7
1 J. A J.
do
do
July 1, 1896
6
J. A J.
do
do
Jan. 1, 1889
4
18*5
7
1932-33
A. A 0.
5
N. Y., Winslow, U. A Co.
April 1, 1889
do
do
6
Various i
6
1884
July. N.Y., Donnell, L.A Simpson
J. A J.
7
do
do
1884 to ’99
7
J. A J.
P-> c
1884 to’99

954,500
14,514,150
1; 8,000
376,000
1, 689,000
350,000
925,000
29 i ,500
3, 525,500
2,098,000

1.000
250Ac.

Bonds for funding (Act Feb. 19, ’73)
Bonds to fund coupons on endorsed bouds...
1870
Bonds exchanged for endorsed RR. bonds
1877
1878
Bonds to redeem Os
State University Bonds
1832 A ’83
1379
Indiana—Bonds, coup, (pay’ble after Apr. 1,’84)
School fund bonds (non-negotiablc)
1807 to’73

Kansas—Bonds, 1803 and ’04, funding, Ac

6
6
6
7
6
6

1,000

500 Ac.
100 Ac.
1,000

1 *63 A ’64

960,000
1.850,000
1, 268.000

1,000

1873
1865
1877
1883
1881

Coup.

948,000

Principal—When

Whom.

J.

4 Ac.

1,000

1870
1870
1870
1870 A ’72

Miss., Ouachita A Red River Railroad

5

Where Payable and by

Payable

3 Ac.

539,000

1.9*5,955
339,000

1,000

When

Rate.

1

•

•

>

$300,090. redeemable ,Jui\ r. 1**6 to 1391 : series “C.” $145,999. redeemable Jill v, 1.391 t<> 1901.
In addition to above, $*3,000 is due Delaware
('ollege. There b no State tax levied, nor assessment s made by State
ollicers. Jan. 1, 1*84, the live assets exceeded the debt $3 4,049.
.

District of Columbia.—The total assessed Value of taxable real estate
and personal property is shown below. The interest aud sinking fund
on the. 3-05 bonds are provided for by Congress,
and the amount is
limited to $15,000,000.
Real and personal estate, Ac., has been
assessed as fellows:
Ri al Estate.
Personal.
Tax Rate.
1880
$15
$87,980,350
$11,121,431
.

18*1..
1*82
1**3
1*8 1

88,953,078
90,308,495
92,533,005

10.895,712
9,000/272
9,028,812

15
15
15

90,490,331

10.987,443

15

=

(V. 00, p. 29.)
Florida.— Less the .'inking fund of $179,450, the total debt is $1,095,550, which does not include $132,000 bonds of 1857, held by Indian
Trust Fund.
About $528,800 of the bonds are held in school funds, Ao
Coupons of all bonds are receivable for taxes. ,Real and personal prop¬
erty assessed in 1882, $45/285,977; in 1883, $55,008,540; tax rate
•1 mills.
(V. 32, ]>. 100.)
—

Georgia.—The constitutional amendment in 1877 declared void several
issues of bonds and railroad endorsements. There were issued $100,000
•1 percent bonds in 1880, but they have been taken up and canceled.
Assessed value and tax rate per $1,000 have been :
Years.
Real Estate.
Personalty. Tax Rate.
1878
$1-34,035,836
$91,585,832
' $5-00
1*79
134,244,081
3‘50
90,849,333
18*0
139,057.250
' 99,276,376
3*50
1**1
148,057/233
100,195,395
3

Indiana.—Indiana made a compromise with her bondholders in 1846,
giving them Si ate stock for one-lnilf of their bonds and overdue coupons,
and Wabash A Erie Canal stock forthobalance, about$7,500,000. Thera
are also outstanding $310,000 5 per cent bonds, due 1901. hold by Pur¬
due University, and about $47,000 miscellaneous issues of bonds.
Valuation made in 13*1 of taxable property: Real estate, $543,427,442;
personalty. $201,. 75,350.
Kansas.—Kansas has but a small State debt, but the issue of municipal
bonds was about $14,500,000.
The valuations (about one-half of true
value) have been:
Years.
18*0

Real
Estate.

$108,101,123

Personal

Property.
$52,469,638

1881
170,813,373
1882
170,974,017
,
1833
127,833,782
75,320,707
—State funds luud $665,050 of the bonds.

Rate of Tax

Total

$1,000.
Debt.
$5 50
$1,1*1,975
5 50
1,131,975
1,181,975
5 00

per

,4 30

1,120,175

February,

Subscribers will confer a

7

SECUKITIES

STATE

1884,]

great favor by giving immediate

INTEREST.
Date of

DESCRIPTION.

Bonds.
For

explanation see notes on first page of

tables.

railroads

1866
1867
1870
1870.
1866
Bonds funding coupons.
1870
to Boeuf & Crocodile Navigation Co...
do
1869
do
1857
school, held by vSt. Treasurer
do
1870
to N. Orleans, Mobile A Chatt. RR.
do
1871
to N. Orleans, Mobile A Texas RR.
do
1869
1874
Consolidated funded bonds
1880
Twos, fours and threes (see notes below)
1864
Uatne— Bounty loan bonds
— ?
Coup.
1868
Municipal war debt assumed
V or reg.
1880
Four per cent bonds, coupon
1838
1838
Chesapeake A Ohio Canal, sterling..
1838-47
Railroads and canals
1839
Eastern Shore Railroad
1837
Baltimore A Susquehanna Railroad.
1870
Chesapeake A Ohio Canal
1839
Baltimore A Susquehanna Railroad.
1839
Annapolis A Elkridge Railroad
1868
Defense Bounty Loan
1882
1870 A ’74
Deaf and Dumb Asylum Loan
1872 A ’76
Maryland Hospital Loan, 10-15 years.
1872
Maryland State Loan
1878
Treasury relief loan, 10-15 years
1864
Massachusetts— Bounty Fund Loan
1864
do
do sterling
1869
War Loan, sterling
1858 to’61
1861 to’63
home
do
do
1871
do
sterling,
do
1875
do
sterling,
do
1873 to V74
dollar be
do
do
do
1875
do
do
1877
do
do
do
1860
Southern Vermont Railroad Loan
Boston, Hartford A Erie Railroad, sterling.. 1868 to ’69
1874 A’76
Harbor Land Improvement (5-20a)
1874 A’77
Danvers Lunatic Hospital
1875-’76
Lunatic Hospital, Worcester
1875
New State Prisons, sterling....
1865
Michigan—War Bounty Bonds
1862
1883
Revenue loan (redemption optional)
1868
Ifissauri—Consolidated bonds
1872
University and Lunatic Asylum bouds
1874
State Bank stock refunding
1854 to ’58
Bonds to North Missouri Railroad
1857 to ’59
Bouds to Cairo & Fulton Railroad
1859 to’60
Bonds to Platte County Railroad
1854 to’59
Bonds to Iron Mountain Railroad
1853 to ’59
Pacific Railroad of Missouri
1874
Funding bonds
1857 to ’75
Hannibal A St. Joseph Railroad
1874
do
do
renewal
1877
Pebt'aska—Bouds (act Feb. 14,1877) coupon...
1864
New Hampshire—War loan, coupon bonds
1872
Municipal war loan
1879
Loan of 1879 for refunding
1879
Prison loan
1863
New Jersey —War loan bonds, tax free
1864
do
taxable
do
Levee bonds—Act 35 of 1865
Act 115 of 1867
do
do
special—Act 32 of

outstanding.

yet fund-

f nhie wmsI

500
100 Ac.

$333,300
A

’82

nr..

1,000
1,000
1,000

80,000
260,000
48,000

1,000
1,000
1,000

2,500,000
875,000

•

70,000

100 Ac.

500 Ac.
100 Ac.

1,000

11,3^4.400

1,808,350
2,330,000
2,826,900
207,000
1,784,444
2,263.333
309,485
31,069

269,000
528,355
298,435
62,605

2,326,750
1,600,000
225,000
465,000

100 Ac.

500 Ac.
£100 Ac
£200
£200 Ac
500 Ac.
200 Ac.
£500

1,206,344
500,000
4,379,500
4,022,649
1,005,419
5,537,104
1,366,500

3,618,242
1,506,182
300,000

1,000
1,000

1,300,000

10,000
5,000

370,000
200,000

£200

1.000
£500

3,618,729
300,000
1,500,000
1,100,000
1,299,355

1,000
1,000

4,260,000

1,000
1,000

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

297,000

246.000

2,514,000
246,000
80,000

1,526,000
252,000
453,000

1,219,000
2,601,000
686,000

1,500,000
1,499,000

1,009

449,267
600,000

100 Ac.

2,206,100

1,000

400,000
80,000
902,900
593,400

1.000

500 Ac.
100 Ac.
100 Ac.

Louisiana.- The Constitutional amendment passed December, 1879
provided for a new bond in place of consols of 1874. bearing 2 per cent
for 5 years, 3 per cent for 15 years and 4 per cent afterwards, on which
basis the interest charge per year for consols is $235,542. To January,
1884, the 2 per cents issued were $265,200, 4 per cents, $201,000 ; and
3 per cents (baby bonds), $1,342,150. In June, 1882, a constitutional

amendment passed the Legislature (and will be submitted to a vote in
Nov., 1884) giving new' bonds at 2 per cent for five years from Jan., 1880,

alone

5*2

and 4 per cent thereafter. See V. 35, p. 50. The interest tax
was
mills before the constitutional amendment limiting the whole tax to 6
mills. There is considerable overdue interest of the years 1874 to
inclusive. A suit by the State of New Hampshire against
as

1880
Louisiana
assignee of her bonds, w'as decided in favor of Louisiana by the U. S.
Supreme Court. Taxable valuation for 1881 about $176,000,000. (V.
36, p. 169, 285, 365; V. 37, p. 127; V. 38, p. 178.)
Maine.—The debt January 1, 1883, was $5,749,900.
The sinking
fund $1,571,185.
Tax rate for 2 880, 5 mills on valuation of 1870;

4 mills on State valuation.
Maryland.—The State has largely assisted canals and railroads, and
holds $3,996,153 of stocks and bonds ranked as productive; the State
also holds $26,906,793 in unproductive securities, which includes
1881-82, 4*e mills ; 1883-84,

$17,163,725 Chesapeake & Ohio Canal interest.
The State ex¬
changes the “Defense Loan” at par for new certificates of indebtedness,
bearing interest at 3-65 per cent, redeemable in 15 years. Assessed val¬
uation. Ac.. have been:
Years.
1879

1881
1882
1883

Real A Personal. Tax per $100.

$466,637,502
459,187,408
461,459,939
464.824,879
466,089,380

18»tc.
18^c.
18%c.
185ic.
18 %c.

(V. 35, p. 373, 756.)
Massachusetts.—The funded debt, January 1, 1884, was $31,423,680.
The sinking funds w'ero $16,836,672. The Hoosac tunnel and connections
-

heavily. The loan to Boston Hartford A Erie Railroad
was secured by “Berdell” mortgage
bonds, afterwards exchanged for
N. Y & N. E. RR. second mortgage bonds.
Assessed valuation, tax
rate, Ac., have been:
Real
Personal
Tax per
Total
Sinking
Estate.
Property. $1,000.
Debt.
Funds.'
Years.

cost the State

Rate.

When

Where

Payable

J. A J.
Various
Various
M. A N.
M. A S.
J. A J.
J. A J.
730 M. A S.
Various
6
J. A J.
8
A. A 0.
8
8
J. A J.
7
2,4,3 J. A J.
J. A D.
6
A. A O.
6
F. A A.
4
5 g. J. A J.
5 g. J. A J.
5
Q.-J.
A. A 0.
5
3
Quart’y
T. A J.
6
6
Q.-J.
A. A O.
6
J. A J.
6
3*65 J. A J.
J. A J.
6
J. A J.
6
6
J. A J.
6
5 g. M. A N.
5 g. M. A N.
5 g. J. A J.
5 g. A. A 0.
5 g- A. A O.
5 g. J. A J.
5 g- J. A J.
5 g. J. A J.
5 g. J. A J.
5 g. M. A S.
5 g. A. A 0.
5 g. J. A J.
5 g. J. A J.
5 g- Various
5 g. Various
5 g. J. A J.
M. A N.
7
J. A J.
4*3
J. A J.
4*3
J. A J.
6
J. A J.
6
J. A J.
6
J. A J.
6
J. A J.
6
J. A J
6
J. A J.
6
J. A J.
6
J. A J.
6
T. A J.
6
J. A J.
6
A. A 0.
8
M. A 8.
6
J. A J.
6
J. A J
5
J. A J.
5
J. A J.
6
J. A J.
6

6

Amount
of these

$500
1,000
l'ooo
1,000

820108 7878811
..

Principal—When

Amount

or

par

Value.

1853

Bonds in aid of various

Size

Tables,

notice of any error discovered in these

6
8
6
8
6
8

due.

payable and by
whom.

July, 1893

$15,000 ]
119,000

1872 to 1906
1886

1907

May 1,

March 1,1875
1886 A '88
Jan. 1, 1890

Amounts not

fundable,

80,000
260,000
48,000
70,000

'per report of 1
Jan. 1,

1899
1897

1878.

July 1,1910
April, 1911

2,500,000
875,000
N. Y., Bank of N. Y.
New Orleans.
Boston, Suffolk Bank.
Augusta and Boston.

•

1889
1889

1890
1890
1890
1885
1890
1890
1883
1897
1885 A '89
1887 A 1891
1887
1888 to 1893

Balt., Fanil. A Mereh. Bk.
do
do
do
do
do
do
do
do
do
do
do

Boston, Treasury.
London, Baring Bros.
do
do
Boston

•*

do
do

Treasury.

London, Baring Bros.
do

do

1

May 1, 1894
May 1, 1894
July 1, 1889
Apl., 1888 to ’90
April, 1891 to ’94
July, 1891
Jan. 1, 1895
1894

Boston, Treasury

July 1, 1895
Sept. 1, 1897
April 1,1890
Jan. 1,1900
Sept. 1,1896

do
do
do

do
do
do

London, Baring Bros.
Boston, Treasury.
Boston Treasury.

•

$50,000 per year

do

do
do
do
do
do
do
do
do
do
do
do

•

June 1,1889
Oct. 1, 1889

Boston, Suffolk Bank.
London, Baring Bros.
do

•

Jan., 1914
1886 A1914

J’yl,’94-Sepl,’9f

M’yl’95-8ep 1/96
Jan. 1, 1895
May 1.1890
Y., Am. Exchange Bank
1912
Y. City, Met. Nat. Bank.
do
London, McCalmonts.
do

N.
N.

Optional.

St. Paul, 8tate Treasury.
Y., Bank of Commerce.
do
do
do
do
do
do
do
do
do
do
do
do
do
da
do
do
do
do
do
do
State Treasury.

1888

N.

July, 1892
April 1, 1894
1884
1884
1889
1884
1886

to ’88
to’89
to ’90
to’89
to ’89

July, 1894 A '95
1887 to ’95
1894-0-6

April 1, 1897

Sept., 1884 A ’89
do
Jan., ’92 to 1905
do
Bost. ,Nat. Bk. Common w ’1th July 1, ’89-’90-’91
Concord

Boston.

or

July, 1884 to '91
Jan., 1886 to '96
Jan., '97 to 1902

do

do

Jersey City.
do

personal property, 1882, about $810,000,000, and tax rate for State pur¬
poses l”fljoo mills on tho $1; in 1883, tax rate, 182100 mills.
Minnesota.—All the old State bonds are held by the permanent school
fund. Minnesota refused for some years to recognize the “State Rail¬
road Bonds” of 1858, to the ^ amount of $2,275,000, but a proposed
compromise with the holders was provided for in 1881, and was carried
out by the issue of tho 4*s per cent bonds.
Taxable valuations and
State tax have been:
Years.

Real Estate.
$183,615,738
189,246,698

203,473,637

208,949,184

Personal.
Tax Rate
2*3
$46,175*04
53,525,017
1‘528
54,581,906
1*6*5
74.329,190

244,033,847
67,159,588
1'85
Tax for all purposes in counties averages 17210 mills.
Missouri.—The tax rate is 40c. per $100. Bonds maturing are met by
sinking fund. The Hannibal A St. Josepn RR. paid the State $3,000,000
for its debt, but the State refused on Jan. 1, 1882, to pay the coupons on
its ow'ii $3,( 00,000 of bonds.
Litigation betw'een the State and com¬
pany ensued. The following is a statement of the assessed property in
this'State for the years 1882 and 1883:
1882

$442,826,742

Real estate
Personal property

.

Railroad, bridge and telegraph

property

170,813,976
35,626,524
$649,867,242

Total

1883.

$443,144,*455

173.345,191
39,760,767

$656,250,413

—(V. 36, p. 312; V. 37, p. 99.)
Nebraska.—'The State school fund holds $326,267. There are also $50,
000 10 per cent “ Grasshopper” bonds duo 1885, interest paid January
and July. Assessed valuation (33*3 per cent of true value! and tax rate

per

$1,000 have been :

Years.

Personal,

Real Estate.

Railroad, Ac.

$36,981,389
36,649,471
'
93,142,456

$38,378,409
53,850,147

98,537,475
110,543,644

Tax Rato.
6 37*«
4 00

7 40

Hampshire was created for war
was issued to cities and towns,
debts. Total valuation in 1882

Neto Hampshire—The debt of New
purposes. The Municipal loan of 1872
the proceeds to be applied to iheir war

$15 35 $32,799,464 $13,050,092
14 28 32,399.464 14.080,465
15 28 32,511,680 16,944.263 $215,000,000. (V. 36, p/285.)
14 98 31,423,680 16,836,672
New Jersey.—The debt was created for war puimoses.
Valuation
Michigan.—The debt is practically extinguished, as the sinking fund of real and personal piopcrty (taxable), in 1683, $548,495,069, against
has sufficient assets to meet the debt. Equalized valuation of real and

1880 ....$1,111,160,072 $816,695,358
1881
1,149.965,827 883.886,538
1882
1,189,524,370 812,858,614
1883.... 1,226,111,297 806.586,689
....

....




8

STATE
Subscribers will confer

a

Few York—
Canal debt,
reg. stock,

9781

f

I

see notes on

•

Date of
Bonds.

first page of tables
1875

[

Under Art. 7, Sec. 3, of Con- i

1872
1873
1874
1879

j stitutlon, and Art. 7, Sec. 12. |

1S82
1868

Special tax bonds

par

outstanding.

$100Ac.
100
100
100
50
500

Registered loan, payable after Dec., 1886

Pennsylvania—Reg. bonds, tax fr., (red’ble ’92).
Registered bonds, tax free, 15-25 years
February, 1882 (registered)
in ten series

Agricultural College land scrip

1,562,900
4,302,600
2,000,000
2,600,641
3,806,300
1,075,000
1,720,000
1,180,000
44,000
11,366,000
2,175,000
2,400,000
7,923,700
2,000,000
6,893.000
2,227,000

1,000
1,000
1,000
1,000

100 &c.
1881
1856
100 Ac.
1877
100 Ac.
1879
100 Ac.
1882
50 Ac.
1882
50 Ac.
1872
1863
1,000
1864
1,000
1853 to’54
1,000
1866
50,Ac
1854
1,000
1868
1,000
1868
1,000
1868
500,Ac.
1869
500,Ac.
1874
500 Ac.
1874
1,000

.

Funding bills receivable
Payment of interest
Funding bank bills

Conversion bonds and stock

Consol, bonds and stock (Brown)

Tennessee—Funding bonds, act of 1873
Bonds regist’d, act of 1873,($292,300 are
5s).
Held
by E.T. University (not to be funded)...
Compromise bonds (act of May 20, 1882)
Compromise bonds, act of 1883
Texas— Funding State debt (act
May 2, 1871)..

Various.

i*882

631,000
738,000
155,783

27,450
56,000
18,000

128,000
48,200
63,200
4,152,613
(?)
(?>
397,000
8,224,351
(?)
67,000
499,000

1,000
1.000

500,Ac.

.

....

1872

....

Frontier def’se,gold,act Aug.5,’70(red’ble ’91)
1871
1,000
Revenue deficiem y bonds, act Dec. 2, 1871..
1872
1,000
Bonds, act Mar..1874 (for paying ttoat’gdebt)
1874
1,000
Redemption of debt, act Aug. 6, ’76..
1876
1,000
Bonds, act April 21, 1879
1879
100 Ac.
Bonds to State University and School Fund..
Bonds issued to School Fund
Virginia—Old bonds. <23 fundable
1851 to ’66 500 Ac.
Old bonds, sterling, not required to be funded
1851
£100 Ac
Consol.) Act Mar. ’71) coup, tax receivable
1871
100, Ac.
do
do
1871
reg., conv. into coup...
100,Ac.
do
(Act 1872) “Pealer,” cp. not rec’ble
1872
100,Ac.
Deferred certificates (W. Va.)
1871
Various
New funding bonds, 10-40s, ($449,300
1879
reg.)..
do
do
sterling
1879
-

.

467,000
288,000
1,647,000
1,068,900

216,641
320,367
3.030,088
1,302,851
13,474,800
895,147

2,394,305
15,239,370
8,171,600

....

$*►34,917,876 in 1882, $527,451,222 in 1881, $518,617,518 in 1880
$508,892,338 in 1879. .State school tax, 2'57 mills.

and

New York.—The financial condition of the State has been
fortified by
the payment of all debt except the canal
debt, as above. The sinking
funds in January, 1883, amounted to

$2,085,499. The new Capitol
building has cost the State thus far $13,000,000, but this has been paid

for

by taxation.

Valuations and

tax rate for State purposes

have been:

Real Estate.

*1879

Personal.

$2,373,418,490

1878

State Tax.

$364,960,110

2«i0

2,333,669,813

352,469,320

11887799.-0.
500,000

346,000

When

Rate.

$473,000

Ac.
Ac.
Ac.
Ac.
Ac.

....

Rhode Island—War bonds
War bonds
8outh Carolina—State House stock and bonds
Funding bonds and stock
Blue Ridge Railroad bonds

INTEREST.

Amount

or

1,000

Ohio— Registered loan of 1881

do

Size

Value.

Forth Carolina—Finding bonds tax-receivable.
Old bonds not funded
Bonds to North Carolina Railroad
Bonds for N. C. RR. issue (tax receiv’ble
cps.)
RR. bonds, not fundable (Chatham and
W.AT.)
Penitentiary bonds, act Aug. 24, 1868

Loan of
do

| Vol. XXXVIII.

great favor by giving immediate notice of any error discovered in these
Tables.

DESCRIPTION.
For explanations

SECURITIES.

6
6
6
6
4
6
6
6
6
6
6
4
6
5

Payable

J. A J. N.
J. A J.
J. A J.
A. A O.
J. A J. N.
Various
Various
A A 0.

g.
gg.
g.

Y., Manhattan Co. Bank.
do
do
do

do
do
do

Y., Nat. Bk. of Republic.
do
do
do
do

.

do
do
do
do

A
A
A
A
A
F. A
F. A

6
6
6
6
6 g.

.

J.

.

’

.

.

A J.

F. A A.

J.
J.
J.

6 g.

A
A
A
A
A
A
A
A
A
A
A
A

A.

g.
gg.
g.

A.
J.
J.
J.
6
J.
5 A 6
J.
6
J.
3, 4, 5, 6 J.
....

.

.

.

7 g.

M. A
J. A
J. A
J. A
J. A

J.
J.
J.
D.

J.
J.
J.
J.
J.
J.
J.
J.

J.
J.
J.
J.
J.
J.
J.
J.

5
5

A
A
A
A
A
A
A
A

Due.

Oct., 1893
July, 1887
July 1, 1891

Oct. 1, 1892
1909
1868 to ’98
1883 to ’85
1912
1868 to’98
Oct., 1898
1898 to’99
At

will, 1883-’88

Jan., 1887
Feb. 1, 1902
Aug. 1, 1904

Feb. 1, 1912
to ’92
1922

Aug. 1, ’84

July 1, 1893
Aug. 1, 1894
1871 A ’81

July 1,1887 to’97
July 1,1875 to '79
July 1,1888
July 1, 1888
July 1, 1889
July 1, 1882
July 1, 1893

July 1, 1914
1875 to 1900
Various.
Jan. 1, 1912

.

Various

g.
g-

do

J. Columbia, State Treasury.
J. Columbia and New York.
J.
Columbia, Treasury.
O. Columbia aud New York.
O.
do
do
J.
do
do
J.
do
do
J. N. Y., National Park Bank.
J.
Nashville, Treasurer.
J.
do
do
J.
do
do
J.
New York or Nashville.

6

7 g.

Harrisburg Treasury.
Providence, R. I. H. A T. Co.
do

Principal—’When

*

New York.
O.
do
'
J. N. Y., American Exch. B’k.
J.
do
do
A. Phila., Farm. A Mech. B’k.
A.
do
do
A.
do
do
A.
do
do

A.
J.
J.
F.
F.

4

7
6
5
5
6
6
5
6
6
6
6
3 to
3 to

Where Payable and by
Whom.

A. A O.

3*2 A 4
3*2 A 4

6
6
6
6
6

*

S.

State Treasury.

New York, Bank of N, Y.
do
do
do
do
Now York A State Treasury.
do
do

N. Y.,

Winslow, L. A Co.

London, Baring B. A Co.
Richmond, Treasury.
■

do
do

-

1891
1911
1892
March 1. 1904

July, 1906
1909

1886 to ’95
1886
1905
1905

Contineent
1919
1919

consols, $5,180,499: green consols not yet exchanged.
$968,418, less
amount invalid, $69n,149.
The old issues yet fundable oil Nov.
1,
1883, Avere estimated at a total of about $650,000. Valuations and
rate
of tax per $1,000 have been :
Years.
Real Estate.
Railroads. Tax Rate.
Personalty.
$76,583,866
$36,574,858
$7,392,900
4^
77,609,666
41,786,768
5
13,767,400
1882-83...
87,131,400
48,249,939
15,227.964
4^
Tennessee.—A funding law Avas passed (act of
May 20, 1882) without
the tax-receivable coupon clause,
and giving new bonds at 60 per cent
of the principal and interest of
old, the new bearing 3per cent in
1882-83, 4 per cent in 1884 and 1885,5 percent in 1886 and
1887.
and 6 per cent 1888 to 1912.
Exchanges Avere made in New York July.
1883, and $8,224,351 of these compromise bonds wTere
issued. The
Legislature of 1883 repealed this law and passed a new one
adjusting
the debt on the basis of new bonds at 50
per cent of the face value oi
old, and hearing 3 per cent interest; the old State debt
proper of
$2,118,000 is made an exception and new 6 percent bonds arc to be
issued for that at the face value.
Up to December, 1884, some ex¬
changes had been made. Assessed valuations and tax rate ner
$1,000

28s;J1000
1880
2,315,400,526
322,468,712
3*2
1881
2,340,335,690
340,921,916
2*4
1882
2,432 661.378
351,021,189
245
1883
2,557,218,240
315,039.085
r
34
North Carolina— Interest was paid for some
years only on the bonds is¬
sued to No. Carolina RR., as the State holds
$3,000,200 stock and re¬
ceives dividends thereon. The old North Carolina RR.
construction
bonds are exchangeable for the new
6s, due 1912 (see V. 35, p.
132), and many holders have already so exchanged. The fund¬
of
ing law
March
4,
1879, provided for funding old
antewar bonds at 40 per cent of the lace
value; “New ” railroad
have been as follows:
nized as valid at 25 per cent ; funding bonds of 1866 and bondsrecog1868 at 15 Years.
Real Estate.
Personalty.
Railroads.
Tux Rate.
per cent. Nothing for overdue coupons. Coupons of the new bonds
1877..
$212,589,045
are receivable for taxes.
$24,319,803
$
The funding ended
January 1, 1882, but 1878..
202,340,815
was continued in April, 1883,
20.871.338
1
by a new law. If all were funded the 1879..
196,165,644
new 4 per cents would be
16,952,036
1
$3,589,511. Special tax bonds are ignored, 1880..
195,635,100
and also bonds to Chatham RR. 1868,
16.133.338
16,375.894
1
$1,030,000, amt to Williamston A —(V*. 34,
Tarb. RE., $150,000, and for
p. 178, 205. 231 252, 428, 461, 522, 59G; V.
Penitentiary under acts of 1868.
35, p 183. 457.
763 ; V. 36. p. 18, 170,
Assessed valuation of real estate is about 60
254, 286, 332, 724 ; V. 37, p. 49, 268, 448, 564.)
per cent of true value.
Valuations and tax rate per $100 have been :
Texas.—The old high-rate bonds have been redeemed and
low-interest
Years.
Real Estate.
Personalty. TotalValuation. Tax pr. $100 bonds issued. Assessed valuations and rate of tax per $1,000 have been:
1878
$91,079,834
$51,228,268
Years,
Real Estate.
$142,308,102
38
Personalty.
Total Val’tion. Tax Rato.
101,799,424
54,468,817
$187,722,374
24
156,268,241
$115,480,050
$303,202,424
$5
102,348,216
67,568,691
186,297,495
169,916,907
28
114,227,912
300,525.407
5
1881
104.742,911
1880
62,995,728
197,167,630
167,738,639
28
121,803,106
318,970,736
—(V. 34, p. «78, 550; V. 35, p.22. 132, 339; V. 36, p. 81. 170, 399.)
18*1....
216,228,017
140,000,000
357,000 000
1882
Ohio.—Ohio has a very small State debt, but large local
400,000,000
debts, amount- —(V. 34,
lug in 1882 to $45,766,351, against $25,957,588 in
p. 329.)
1875, this increase
Virginia.—The law of March 28. 1879. for refunding the
being mainly in Cincinnati debt. Valuations in Ohio have been as follows:
was
given in Chronicle, Vol. 28, p. 353. The neAv bonds debt,
Real estate.
Avere
Personalty. I
Real estate.
10-40 year bonds,
-Personalty.
4860
beating 3 per cent for 10 years, 4 per cent
$639,894,314 $248,408,290 | 1880.$1,102,019,931 $456,166,034 for 20
years, and 5 per cent for 10 years,
1866..
coupons
.

663,647,542 442.561,379 | 1881. 1,101,457,383 485,750,166
1,091,116,952 461,460,552 I 1882. 1,116,681,655
518,229,079
1,093,768,904 442,979,885 |
State tax rate for 1881-82, 2*bo mills ; for
1882-83, 29i0 mills.
Pennsylvania.—Sinking fund December, 1882, $2,049,519. Revenue
is raised principally from corporations. Taxes are
levied on personal
1878.
1879.

Sroperty. be changed to registered. Totalrailroad bonds.1332, $1,004,ouds may The State holds $5,775,000 of
Any coupon
valuation iu
847,494; tax rate, $3.
Rhode

Island.—The debt was all created for Avar
purposes. In Jan.
1383, the net debt, less sinking fund, was $1,382,315.
The State valua
tion ol real property m 1883.was
$328,530,559; tax rate, 12 cents on

$100.

South Carolina.—The

ing down the old debt 50
1879.
Dec. 24,
rn

stood at

funding law of Dec. 23, 1873, provided for scal¬
cent.

Tlie*consols were again “re-adjusted”
tsisscd Dec. 3. 1873. Dec. 24, ls7b
1879, aim February, 1880. JnjNovember, 1883, the consols
$6,148,917, which amount was made up as follows: Brown
Tile several




per

acts

were

In February, 1882,
the Iuavs known as

tax-receivable.

the Eiddleberger law for readjusting the debt and
“Coupon killers” Nos. 1 and 2, were passed, (see V.
34. p. 88). The Supreme Court of the U. S. held
(V. 30, p. 285) that the
laAV requiring the validity of the
coupons to be established before a
State court did not impair
the contract making them receivable lor
taxes, and was therefore constitutional, but the case is to be
reopened
in same court on appeal, as Judge Bond of
the U. S. Circuit Court in
Virginia decided after this Supreme Court decision that a
temleroi cou¬
pons was sullicient for the taxpayer.
This decision of Judge Bond has
been appealed to the U. S. supreme Court, and
may be reached in tAvo or
three
years; in the meantime the decision

stands as authority.
The Va.
a disposition to pass
any law winch may de¬
feat the tax-reee.vable coupon rights of
bondholders!' The U. S Supreme
Court in
January. 1881, had held the coupons of consol, bonds not
taxable by the State.
Assessed values in 18S0 Avere: reni
estate. $234,272,951; personal,
$70,391,018. Tax rate. 5 mills. (V. 31, p. 88,179, 379,
489, 541,715 '
V. 35, p. 52. 79. 104.267 603: V 36
p. 18. 285, 286, 304, 332, 445.
47 L, 561; V. 37, p. 268, 399, 6 lO ; V.
38, p. 62.)

Legi-lature of 1884 shows

February,

CITY

1884. J

SECURITIES.

9

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.

Date of
bonds.

Size

value.

Forexplauations see notes on first page of tables.
Albany, N. Y.—Purchase
City improvement

1866
1870-’71
1870-’82
1874
1875

Congress Hall Block..

mtstanding.

$1,000

$150,000

1,000

1,000
Washington Park
1,000
New Post Office site
1,000
High School
1874-’80
1,000
Water debt <$400,000 due 1900-3, are 7s)
1877
1,000
Western Avenue improvement bonds
1882
1,000
New City Hall
1882
South Pearl Street bonds
1865
1,000
Bonds loaned to Albany A Susquehanna RR..
66-’67-’72 500 Ac.
Atlanta, Ga.—Bonds for streets, Ac
1869-’70
1,000
Bonds. A. L. Railroad for and State House
.872 A ’77 500 Ac.
Bonds for West. RR. aud floating debt
1874
1,000
Bonds, 1st and ‘2d series, waterworks
1877
1875
1881
Various.

do
do

Augusta, Ga.—Bonds for various purposes
Baltimore—Consolidated loan of 1890
Water loan, reg. stock, red. at will after 1916
Funding loan, reg. stock, tax free
('onsolidated bounty loan
Exempt bounty loan
I ublic parks (Druid Hill)
Park improvement loan
Patterson Park extension

Various.
1877
1878
1863
1865
1860
1863

115,000
20,000
1,090,000

-

110,000

145,000
62,000
860,000
265,000
400,000
418,000
430,000
77,000
52,000
68,500
2,057,000
7,306,546
5,000,000

500 Ac,

1,000
1,000
100 Ac.
LOO Ac.
LOO Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.

8018 1
Five million loan to Baltimore & Ohio RR....
One million loan to Pittsb. AConnellsville RR
New City Hall

do
do
do
Consolidated loan
do

Paving loan.
Funding loan
Western Maryland Railroad
Jones’ Falls ($957,000 are 5s)
Valley Railroad
Water loan ($263,000 only are 6s)
Harford Run improvement loau
Western Maryland RR. loan ($684,000)/.
Endorsements for Western Maryland RR
do

do

Bangor, Me.—City
Municipal .loan

1Q0 Ac.

100 Ac.
100 Ac.

1874
1875
1869
1869

...-

Bath,Me— Fund, debt ($78,000 are 6s,’97, J.AJ.)
Knox A Lincoln RR., for stock and coupons

Androscoggin Railroad

1861
1869
1871-’72

Knox A Lincoln Railroad ($23,750 each year)
do
do
(F.AA. and M.AS)..

100 Ac.

1,000,000

100
100
100
100
100
100
100

1,000,000

Ac.

Ac.
Ao.
Ao.
Ac.
Ac.
Ac.

500,000

1,029,061
404,800
800,000

1,000,000
1,. 57,000

100

100 Ac.

1,000

100,000
500,000

1,000
1,000

1,000,000
925.000

Various.
Various
Various.
Various.
Various

180,500
193,000
425,000
306,150
391,600

1,000

126,600
1,734,000

1,000

City debt andoRoxbury and Charlestown

10,591,000

6,294,000

West Roxbur y
Burnt, distri ct, sterling loan
Consolidate d street improvem’t, sterling loan.

1873
1869

450,000
490,000

....

....

Various.

2*68,000

....

237,000

£100 Ac
£100 A.'

Mystic water debt, assumed

4,997,604
3,139,980
1,127,000
4,901,000

1,000
....

do
do
do
do
do
do

do
do
do
do
do
do

~

5 per ccr
4 per cct

i

Sterling

5 per cci

4*2

gold

&

4

,

do

Brooklyn—Brooklyn local improvement loau...
Mount Prospect Square loau
Boldiers’ aid fund loan
Gowanus canal improvement loan, local
Bush wick avenue
do
do
do
BouthSeventli st.
do
do
do .'.
Union street improvement loan, local
do
do
Fourth avenue
do
Wallabout Bay
do
do
New York Bridge loau, registered and coupon
Bonds for N. Y. A Brooklyn Bridge, cp. or reg.
.

Prospect Park loan, registered and
Prospect Park loan

coupon ...!

Permanent water loan...
do
do

j
[

1878
1872
18 75-’76
1879
1879-’80
1861
1857
1865
1866
1865
1866
1867
1862 A ’67
1867
1870
1876-’79
I860 to ’73
1860 to ’72
1857 to’72
1872 to’75

eiooA<
....

1,000

15,389; in 1880, 21,891.
Baltimore.—The total net debt over and above productive assets, on
which the city is chargeable with interest, was $5,582,657 on Dec. 31,
1883, against $5,872,714 Dec. 31, 1882. The Baltimore A Ohio Railroad
pays interest on $5,000,000: Water loan is paid by income of water
works, and Public Park by City Passenger Railway, and against a total
debt of $38,121,991 the city is chargeable with interest on only
$22,045,585, and holds productive assets, including the sinking funds,
equivalent to $16,462,9 U, leaving only $5,582,650 as an absolute
charge for interest. There are held $15,418,840 of unproductive assets.
Population in 1870, 267,354 ; *u 1830, 332,313. Assessed valuation and
Rate of Tax
per $1,000.

Valuation.
247,230,189
185,197,157
13 70
187,240,000
13 70
246,234,056
248,803,232
15 00
Ass’u valuat’n is near the full cash value.
(V. 35, p. 762: V. 37, p. 127.)
Bangor, Me.—The loans to Eu. A No. Am. R. R. to Bangor A Pis. R. R.
ire secured by first mortgages on those roads, and interest fully paid
from the earnings. Valuations (near full value) and tax rate have been:
Property.
62,033,032
60,000,000

1881

Vears.

Real Estate.

Pcrsonaltv.

6.352,973

2,803,258
2,893,130

1882

6,414,703

Municipal property, including water works, ab^ut $800,000

tion. 16,851 in »iJ.\




i

8.829

u

1870

6
6
6
6
6
5
4
6
6
5 A 6
6

Tax rate.

2-34

Popula¬

'

5
7
g.

6

g.

do

7

7

5, 6 A 7
7
6

Jan, 1, 1904
Jan. 1, 1897

Sept. 1, 1885
July 1, 191L
188 4 to 1906

July 1, 1890
July 1, 1916
July, 1916
Sept. 1, 1893
Sept. 1, 1893
Sept. 1, 1890

After

do-

Jan. 1,

1895
1920

A Plan. Bank.
Jan. 1, 1890
A J. Balto., N. Mechanics’Bank.
Jan. 1, 1886
Q.—J. Balto.. Farm. A Plan. Bank.1 July 1, 1884
do
do
Q-J.
April 15. 1900
do
do
March 7, 1902
Q.-J.
do
do
After 1885
Q.-J.
M. A N.
City Register’s Office.
After Nov.l, 1920
Q.-J. Balto., Farm. A Plan. Bank.
July 1, 1900
J. A J. Balto., N. Mechanics* Bank,
Jan. 1,1902
do
do
Q.-F.
April 9, 1900
do
do
A. A O.
Oct. 31, 1886
J. A J. Balto., Nat. Merchants’ Bk. July 1,1894, 1922
J. A J. Balto.. City lieg’ter’s Office. After .Tan. 1, 1920
J.

July 1. 192

Balto., N.Mechanics’ Bank. Jan.
Baltimore, Franklin Bank.

Boston, Merchants’ N. B’k.
do
do
do
do

do

do
do
do

1, 1894
July 1, 1905
Jan. 1, 1894

April 1. 1899
1887 A 1897

’83, ’85 A’98
City Treasuryand Boston, Jan. to Oct., 1891
do
do
July 1,1883 to ’99
do

do

1891 A 1902

Boston. Treasurer’s Office,
do

1883 to’87
1883 to’97

do
do

do
do
do

1887-1913
Oct.. 1889
1887

do

Various.
1883 to 1891

do

do
do

do

London, Baring Brothers,

April. 1893

do

July, 1899

do

A. A O.
A. A O.

J.
J.
J.
J.
J.
J.
J.
J.

July 1, 1902

do

Various Boston, Treasurer’s Office,
do
do
Various
do
do
Various

J.
J.

Jan. 1, 1895
1885 to ’92

Jan.

City Treasury.

A. A O
J. A J.

A.
A.
M.
J.
J.
J.

»

’JO A 1900

I

Boston, Second Nat. Bank.

do

London, Baring Brothers.
Boston, Treasurer’s Office,

g.

117,000
137,000
194,000
248,000

do
do
do

1895-’97
1886 A 1892
J. A J., 1890
J. A J., 1902

Q.-J.
Q.-J. Balto., Farm.

Various
Various
g.

do
do
do

Balto., Nat. Mechanics’ Bk.

J. A ' J.
J. A J.
6 A 7
Var'ous
6
J. A J.
6
J. A J.
6
J. A J.
6 A 7
A. A O.
M. A S
5 A 6
6
Various
6
A. A O.
6
J. A J.
6
Various
4
J. A J.
5 g. V arious
6
Various
4
Various
4^g A. A O.
4 hi
Various

J 10,152,000 1 ?

Augusta.-r-Oi this debt, $600,000 was issued for railroads, and Ixilanco
for canal enlargement, water works, Ac. Sinking funds, Jan. 1,1881,
$248,300. Taxable valuation in 1883: Real estate, $12,000,000; per¬
sonal, $6,020,000; tax rate, $1 87*3 per $100. Population in 1870,

Total

4

7
7
7
7
6 A 7

3,000,000
9,245,237
8,019,000
1,217,000

M. A N. N. Y., Del. A Hud. Canal Co.
J. A J. AtlantaAN.Y.,Aui.Ex.N.Bk
do
do
J. A J.
do
do
I. A J.
do
J. A J.
do
do
J. A J.
do
do
do
M. A S.
do
do
J. A J.
Various
Augusta.
M.
M. A N.
M. A S.
M. A S.
.—M.
.-J.

221,000

'

to ’94
New York.
1881 to 1900
New York and Albany.
1910-’21
N. Y.t Merchants’ Nat. Bk.
May l, 1904
do
do
1884 to’85
do
do
Feb. 1, 1893-1912
do
do
Feb. 1. 1883-4-5
do
do
July 1,1905 to ’10

Balto., Farm. A Plan. Bank.
A N. Balto., Nat. Merchants’ Bk.

4 g.
7
6
7

92,000

N
N.
A.
A.
J.

5
5
6
6
6
6

5
5
5 A
6
5
4
5
5

Due.

Boston, Merchants’ Bank. Feb.. 1885

Q.-J.

4^2g.

213,000
90,000
552,000

A
A
A
A
A

6

686,000

....

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

Payable

M.
M.
F.
F.
J.

Principal—When

whom.

Albany.

8
7
8
7
8
10
5
6 A 7

268,000

....

Albany.—The loan to All*. A Susqueliaiu.u is secured by first mortgage.

Personal

13,000

588,000
1,947,274
3,552,000

....

The valuation of Albany County in 18^2 was, approximately: Real
estate, $81,604,218 ; personal. $7,s^ ,366 -estimated to be about tlireefourths of true value. City tax rate 1882, 1-86. Population, 90,758 in
1880; 69,422 in 1870.
Atlanta.—The total bonded debt Jan. 1.1882, was $2,196,500. Assess
ed value real of estate in 1881, $14,721,833; personal, $7,474,258.
Population, 37,409 in 1880; 21,789 in 1870.

tax rate have been:
Real
Estate.
Years.

-

4
6

4
4
6
6

500 Ac

1878-’82
1879
1877

7
7
6 A 7
6

4, 5 A 6

100,000

....

red

Where pavable and by

F. A A.

250,000
502,000
1,206,500
29,500

100 Ac.

d

6

1,015,300
4,500,000

....

Boston—Citypui-po ses. war debt. Ac
City debt and 1 oxbury ami Charlestown
e
dt
do

1,000,000

100 Ac.

European A North American Railroad

regis

200,000
5,000,000

....

Bangor A Piscataquis Railroad

do
do
do

2,211,068
410,353
555,566
185,723

....

Union Railroad
debt proper ($'>0,000 are 7s)

Water loan bonds, coup. (Act Feb. 22, 1875).

Railroad refun

1,000,000

....

1853
1853
1868
1870
1874
1864
1881
1870
1872
1872
1873
1874
1880
1882

Rate.

Wl.en

M. A S
448,000
7
1,048.000 4, 5, 6, 7 M. A N.

....

Redemption bonds

INTEREST.

Amount

or

par

do
do

AO
A O.
A N.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
A J
A J.
A J.
A J.
A J.
A J.
A J.

do
do A

Brooklyn,
do
do
do
do
do
do
do
do
do

do
do
do
do

1883 to’94
1897 to 1908
1907-1908
1903

Oct., 1902
1905-1908
1909
1909-1912
1891
1887
1885 to’90
1884 to 90
1884 to ’90
1884 to’90
1884 to’86
1884 to ’95
1884 to’90
1899-1924
1905 to 1920
1915 to ’24
1915 to ’24
1884 to 1912

do

Bath, Me.—The city holds a first mortgage on the Androscoggin road
for the debt, and second and third mortgages on the Knox A Lincolu for
its proportion of $895,000 out of a total or $2,395,000 bonds issued by
several citi es in aid of the latter road. Tax valuation, 1881—real estate,

$2,703,425; personal, $3,807,910; total, $6,511,335. Tax rate, $25
per $1,000; 1882. $6,847,945; rate, $25 0 ».
Boston.—The population of Boston in 1880 was 362,839; in 1870,
250,526. against 177,840 in 1860. The total funded debt April 30,
1883, was $41,184,358,and net debt, $24,858,817. The tax levy m 1883
is divided os follows: State, $578,055; county, $291,200; city, $8,778,556, The rate on $1,000 on valuation of 1883 is as follows: State,
72c.; county. ‘28c.; city, $13 50; total, $14 50, against $15 10 on
valuation of 1882. Assessed valuation on May 1 for four years have been:
Years.
1880
1881
1882
1883

Real Estate.

Personal Estate. Tax Rate.

Net Debt.

$437,230,600
455,388,600

$201,858,600
$27,842,104
$15 20
13 90
210,165,997
26,005,620
467,705,100
204,785,000
15 10
24.261,Q61
478,402,800
203,966,700
14 50
24.858,817
Brooklyn.—The whole city debt was as follows Jan. 1, 1883 and 1884.
Jan. 1. 1883.

Temp’y debt, payable from assessment.
Tax certificates

Jan. 1, 1884.

$21,236,000
9,859,500

Permanent debt
Water loan

$24,194,237
10,452,000

6,919,551

5,118,551

4,150,000

3,000,000

Totals
$42,1''5,051
$42,761,788
Collections on arrearages of taxes in 1883 were $2,132,611, and the
amount of arrears $1,311,909 at the close, showing a gain of $820,785
during th« year.
Population m 1870, 396,099, against 566,663 in 1880. Valuation of

property and tax rate per
Years.
1879...

$1,000 for four years have been:
Real.

Personal.

Rate.

$220,363,499
$12,562,500
$25 50
223,620,197'
11,215,794
26 90
240,128,905
15,137,040
23 77
7 882
14,383,541
23 16
234,404,017
Iho debt of Kings County, separate from the debt of Brooklyn, is
about $4,000,000, of which the city is responsible for ninoteoDtwentietbs. (V. 35, p. 372; V. 37, p.74.

CITY

10
Subscribers will confer

a

SECURITIES.

great favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.

Size or
par
Value.

Date of
Bonds.

For explanations see notes on first page of tables

outstanding.

$L,5C 0,000
2,450,000
3,000,000

....

Award bonds for lands taken

9

1862 to’81
1868 to’81
1877-81
1864
1863
1856 to ’76
1873-’74
1874-5

Buffalo, A. F.—Funded debt bonds
water works bonds
Tax loan bonds

Cambridge, Mass.—City bonds
City bonds
do
do
do

Water loan
do

81

do
do
—

City stock

1,000&c
1,000

1,000
500 &c.
500 Ac.
500 Ac.

Conversion bonds, to redeem past-due debt...
do
do

do
coup, or reg
Chelsea, Mass.— Funded debt, coup
Funded debt, coup
do
notes
Water loan, coup

do

1878
1879

.

•

.

do
River improvement bonces

1880

Municiual and School bonds

Municipal bonds (refunding loan)
Cook County debt

....

500 Ac.
1881
1865 to’80 500 Ac.
1854
1,000
1855
1,000
1S68
1,000
I860
1,000
1863
1,000
1855
1,000
1847 to ’50 500 Ac.
1847 to ’48 500 Ac.
1867-’68
1,000
1853
1,000
1851-’53
1,000
1858
1,000
1869
1,000
1869
1,000
1869
1,000
1871
1,000
1871-’72
1,000
1871
1,000
1872
500 Ac.
1872
1,000
1876
500 Ac.
1878 A ’79
1,000
1874
1,000
1875
1,000
1875
1,000
1879
1,000
1876
1876 to’83 Vari< ms
1880
1,000
1881
1,000
1882
100
100 Ac.
1881
1872 to ’81
1,000
1869 to ’84
1,0 >0
1 000
1872 to’74
1874 to’79
1,000
1869 to’73
i,ooo
1868
1,000
100 Ac.
Various.
Various.
100 Ac.
100 Ac.
Various.
1876
1,000
1873 to *78
1,000
1875
1,000
1878
1,000
.

.

Cincinnati- Loans to Railroads

M
Bonds to O.A M. RR. to purchase whf. prop.N
Bonds for erection of a Workhouse
X
Bonds for Water Works..
C’3
Bonds for Common School purposes
P
Bonds to O. & M. RR. to purchase whf. prop. .N
Bonds for ext. and impr. Water W. -C, D. A E
Bonds for funding floating debt
A2
Bonds for new Hospital
8AS2
Bonds for funding floating debt
L
Extension and improve. Water Works... K AF
Bonds to purchase Orp’n Asyl. grds. for park.O
Bonds for sewerage
R
Bonds for improving Gilbert avenue.
U
Bonds to build Eggleston avenue sewer... .B3
Bonds for improvement.1
W
Bonds for Water Work purposes
C4AC5
General improvement
W2
Cincinnati Southern RR
do
do
do

are

gold Gs)

coupon
D1
U2

sewer

Hospital bonds

S3

Street improvement bonds, short
Consol, s. f. bonds, 30-50 yrs. (Act
do
do
Work House and Infirmary

Apl. 9, ’80.
do

Deficiency loan (redeemable after 1891)

.

Cleveland— Water works ($200,000 are 6 p. ct.).
Funded debt ($203,000 Gs, $32,000 5s)
Lake View Park
Canal and canal lock ($11,000 are Gs)
School ($100,000 are G p. ct.)
House of Correction
Main sewers, special assessment
Street improvem’ts do
Street damages, Ac., do

Infirmary
Viaduct (mostly F. A A., A. & O. and J. A D.)
Des Monies, Iowa—Renewed judgment bond
Funding bonds

1875

real and

A.
J.
J.
J.
A.
J.
J.
F.

A.
M.

A
A
A
A
A
A
A
A
A
A

O.
J.
J.
J
O.
J.
J
A.
0.
N.

July, 1883-1900
April 1,1889

Boston, Tremont Bank.

Jan. 1, 1893

Boston, Bank Redemption. Jan. 1,1883 to ’9fl
do
do
do
do
do
do
do

-

3,490,000
333,000

2,133,000
489,500
2,608,000
186,000

2,536,500
843,500
4,941,500
102,000
210,000
250,000
150,000
98,000
194,000

397,000
14(5,500
750,000
60,000
175,000
131,000
150,000
150,000
100,000

133,000
450,000
600,000
578,000

.

'

'

....

8,243,000

personal

7
6
7
4
4*2 to 7
6
6
7 3-10
7 3-10
6
6
6
6
7 3-10
6
6
6
7 3-10
7 3-10
7 3-10
7 3-10
7
7
7
7 3-10
6 A 7
7
7
7

1,774,000
1,000,000

(50.000

500,000
1,100.000

SAG
7

5 A 7
5
4
4
4
3‘65 to 7

1,880,000 4, 5, 6, 7
315,000
275,000
150,000

7

6 A
7
7
4 to
4 to
4 to
6

100.000

369,700
267,300
202,800
24,000

2,138,000
229,000
175,000

Jan. 1, 1903-4-5

Apr.&Oct.l,’84-93
July 2, 1886
July 1,1886 to ’98
Aug. 1, 1883

Apl. 1,1887-1S95
May, 1889-1891

Charleston.
do
do
do
do
do

Q.-J.
Various
J. A J.
A. A O.

Various
do
do
Various
F. A A Boston, N. Bk. Redemption
J. A J. N. Y., Am. Ex. Nut. Bank.
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
do
J. A J.
do
J. A J
do
do
do
do
M. A N. N. Y., Metropolitan Bank.
N. Y., Bank of America.
J. A D.
M. A N. N.Y., Am. Excli. Nat. Bank.
do
J. A I).
do
do
do
J. A D.
do
do
J. A J.
M. A N.
do
do
A. A O. Phila., Bk. of North Aiuer.
do
M. A N.
do
Various N.Y Am. Excli. Nat. Bank.
J. A J.
do
do
Various Phila., Bk. of North Amer.
M. A S.
Cincinnati.
M. A S. N. Y., Am. Exch. Nat. Bk.
do
do
M. A S.
do
A. A 0.
do
J. A D.
do
do
F. A A.
do
do
J. A D.
do
do
do
do
J. A J.
J. A J.
do
do
M. A N.
do
do
do
do
Various
M. A N.
Cincinnati.
J. A J. N. Y., Am Exch. Nat. B’k.
F. A A.
Cincinnati.
M. A N. N.Y , Am. Exch. Nat. Bank.
M. A N.
C ncinnati.
do
Various
M. A N. N. Y., Am. Exch. Nat, Bk.
J. A J.
do
do
J. A J.
Cincinnati.
J. A D. N. Y., Am. Exch. Nat. Bk.
Various N. Y., Am. Exch. Nat. Bk,
do
do
Various
Various
do
do
do
do
Various
Various
do
do
A. A O.
do
do
do
Various
do
do
do
Various
do
do
Various
do
do
Various
do
Various
do
J. A J. New York, Kountze Bros.
J. A J.
do
do
Various

4,884,000 Og. or 7-3
50,000
300,000
175,000
50,000
2 33,736
1,337.000
556,000

do
do
do
do
do
do
do

A. A O.

6
6
7
3T>5
7

7

7
7
7

5, 6 A 7
7 A 4
7
5

182,000

1883 to 1925
1883 to 1925

Boston, Bank Redemption.

J.

41g

200,000
132,000

....

Buffalo—In

5
5 g.
6
6
6
6
6
6
6'
6
6
6
7
7

Buffalo and New York.
do
do
do
do

6

96,000

1,000
1,000

....

($3,200,000

1884

5ig

992,000

500 Ac,

Municipal bonds

Due.

•

6
4

3,413,300
85,000

1,000
500, Ac.
1,000
100, Ac.

1882

Water-works bonds
Bonds for McLean Ave.

500.000

....

•

(refunding)
Sewerage bonds

do

103,400

1,000
1,000

....

...

Floating debt bonds,
Park improvement

29,050
51,000
109,500

....

do

•

A J.

Boston, N. Bk. Redemption
■

•

Water loan
Water loan

do

162,000

•

100 Ac.

,

....

Chicago—Water loan

v

.

55,000

....

....

.

100,000
526.500

....

....

•

7 Various
312 to 7 V arious
3*2 to 5 J. A J.

635,000

•

•

34 to

514,000

1,000

•

Payable

6 A 7

689,000

1,000
1,000
•

Principal—When

Where Payable and by
Whom.

4,5,7 J. & J. Brooklyn. 4 Coupp.naid at ( 3 years from date.
do
V Nassau Bank, < 3 years from datei
4, 5, 6. 7 J. A J.

1,266,000

1,000

1853 to’54
1866

coupon
Fire loan bonds, coupon

Rate.

200,000
3,915,500
2,871,882
467,937
100,000
150,000

500 Ac.

....

City bonus,

m m

l,000Ac

1866

When

1,650,000

1,000Ac

L866 to ’77
1865
1867 to’75
1869-71

do

.

INTEREST.

Amount

Brooklynr-f Continued )—
1878-9-80 $1,000
Sewerage fund bonds, continuous, local
Assessment fund bonds, continuous, local.... 1877-8-9
1,000
1879-S0-81
Temporary tax certificates
Arrearage fund bonds

Charleston, S. C

[Vol. xxxv III.

1868 to ’98
1883 A ’84
1890
1888 to 1897
1898
Jan. 1. 1909
1883
1891 to 1895
1889-1890

Aug. 1.1887-'95
1897 &’98

July 1, ’88 to ’95
1902
1884 to ’95

July 1, 1900
1890 to ’95

July, 1895 & ’96
1885 to ’99 4
1901

.

.

May 1,1885-’92
1884

Nov., 1885
1888
1888 & 1889

Jan., 1890
Nov., 1890

April, 1895
May, 1897
1897 A 1898

Jan., 1900
June & Oct., 1900

Mar., 1888A 1908
Sept., 1899
Sept., 1899
Oct,, 1899
March 1,1886
Aug., 188G-’97
Dec. 1, 1891
July 1, 1902
July 1, 1902
May 1, 1906
Nov. 1, 1908-’09
May 15,1904
Jan. 1, 1896
Aug.,’85, ’90 A’95
May 1889-1909
Mav 1,1906
1884 to’93
After Ma v 1, 1910

July, 1911 to 1931

July 1,1892 ;
June l,1901
1892 A ’93
1885 to’94
1887 to’91
1894 to ’98

1885-6-7
1884
1884 to ’93
1884-5-6
1884 to ’89
1881 to’87
1893 A 1907

July, 1892
July, 1888
1887

at

The assessed value of real estate is about one-third of its true value

S39,968,105; in 1876 rule of valuations and tax and$1,000 have been:
111,995,905. Since that date valuation changed
assessment was
Real
Personalty.

West Chicago Park and Lincoln Park loans are not debts of tho city
but of distinct corporations.
(V. 34, p. 574.)

property

assessed

was

per

Years.
estate.
Tax Rate.
1878
80,929,165
17 60
7,947,380
1882
'
93.097,000
16 13
1883
101,963,765
16 27
Buffalo also paj's 7-10 of Erie county debt. Coupon bonds are exchange¬
able for registered. The interest on different bonds is 3^2, 4, 41g, 5, 6
and 7 per cent. Population, 155,134 in 1880; 117,714 in 1870.

Cambi'idge, Mass—The sinking funds, January 1, 1884, amounted to
$1,617,214. The investments are nearly all in city bonds at par and
Btnmped “ not negotiable. Tax valuation in 1881. real estate $39,124,300, personal $12,552,190; tax rate, $16 per $1,000. Valuation, 1S83,
real estate$39,821,700; personal $11,975,040. Tax rate in 1882, $1-66
per $100. Population, 52,669 in 1880 ;|39,634 in 1870.
Charleston, S. C.—The bonds of Charleston are mostly held within the
State

South

of

Carolina.

Conversion

bonds

of

1879

are

issued

in

exchange for city stock. Valuations and tax rate
Real Estate.

Years.

$15,017,595
15,182,845
15,451,010

per $1,000 have been :
Personal Prop.
Tax Rate.

$6,555,864

$25 00

7,244,212

22 50

7,926,602

22 50

—Population, 49,984 in 1880; 48,956 in 1870.
Chelsea, Mass.—Sinking fund, January 1, 1883. $214,080, and debt,
$1,661,800. Tax valuation, 1881. $15,761,537; tax rate, $19 00. Valu¬
ation in 1882. $16,893,729; tax rate, $18 80. Population, 21,782 in
1880; 18,547 in 1870.

Chicago—Tho net funded debt January 1, 18S4, was $12,751,000
The city debt is limited to 5 per cent of the Illinois State valuation.

Of the. funded debt, $3,955,000 is on account of the Water Works, which

yield

an

Years.
1879
1880
1881
1882
1883

income much above the interest charge on the debt
-Equalized Value.




Real Estate.

Personal.

Tax Rate
per

$1,000.

$91,152,229

$20,817,806

$32-01

89,031,955

28,101,673

90,099,045

29.052.906

95.881,714

29.052,906

101,596.787

31,639,717

33 33
34 72
33 72
34-10

Population in 1870

was

298,977, and in 1880, 503,185. The South Park

Cincinnati.—In addition to the issues above named there remains
several smaller amounts, as follows:
$59,000 5s, November. 1884;

$.'5,000 (YAY2) 6s, 1886; $15,000 6s (Q.). November. 1890; $27,000
6s (A.). March, 1897; $76,000 (H2.), August. 1897: $29,009 (V) 6s,
188 ); $20,000 7s, 1884-85; $19,OOo 4s. 1-91; $64,700 (U3U4), 1889
and 1890. City holds $1,274,000 of Cincinnati Southern bonds in sink¬
ing funds. In* 1870 the population was 216,239, against 255,139 in
1880.

The following table from the books of the Auditor of Hamilton

County, Ohio, exhibits tho assessed valuation of the city of Cincinnati
in the year 1860, and from 1870 to 1834:
Yearn.
I860....
1870....
1371
1872....
1873....
1874....
1875....
187(5....
1877....
1878..
1879....
1880....
1881....
1832....

1883....

Real
•
Estate.

$61,620,904
78,736,482
123,427,888

Personal
Estate

Total
Valuation.

$31,411,912
57,370,754

$93,032,716

'

50,934,044
55,462,410
04,160,460
58,708,284
58,521,730

136,107,236
180,361,932
175,084,296
185,645,740
181,950,074
184,498,565

128,820.270

56,809,066
50,609,872

183,952,966
179,430,142
172.874.068

119,621,856
123,231.790

125,976,835
127,143,900

129,043,880
......

43,830,188

128,473,130
129,950,980
120,045.230
138,342,183

40,832,505

169,305,635

37,578,376
41,359,163
28.043,917

167.535,356
161.404,393
166,986.105

122,874,790

47,050,496

1G9,925,286

Tax per
$1,000
$17 45
31 60
22 20
20 10
23 06
23 38
24 82
27 04
29 10
28 54
28 98
31 0(1
22 20
23 82
20 50

The city is the sole owner of the stock of the Cincinnati Southern Rail
road, leased as per terms, V. 33, p. 281, and with the waterworks and
other property owns real estate assets put at $35,775,000.

Cleveland.—1The sewer, street improvements and street opening
for

bonds

special local improvements, and redeemed bjr assessments on the
property benefited.
Assessed valuation, tax rate, debt and sinking
are

uuds have been:

CITY

1883.]

February,

Subscribers will confer a great favor by

For explanations see

notes on first page of tables.
1855 to ’80
1859 to’71
1872 to’76
1879
1871 to’74
1870 to ’75
1872 to ’73
1 865 to ’66
1875-’76

Detroit,Mich.—For Water W.Co., on city’s credit
Public Building stock (City Hall) bonds
Public sewer bonds ($35,000 are 6s)
Bonds for purchase Belle Isle
Elizabeth, Ar. J — Improvement bonds
Funded debt bonds
School House bonds
Market House bonds.

.

Consolidated improvement bonds..
Funded assessment bonds..
Tax arrearage bonds
New Adjustment, bonds*
Evansville, Indiana.—E. H. A N. HR. bonds
City wharf bonds
E. C. AP. HR. bonds
*

Size oi
par
value.

outstanding.

$1,000

$1,500,000

•

•

•

«

•

•

1,000
1.000

1,000

1,000

545.500

•

100,000

1.000

196,000

1.000
1,000

100.000
300,000

1,000
1,000
1,000

300,000

1.000
1,000

....

....

100.000
261.800
500.000

....

.

....

—

1,000
1,000
1,000

450,000

1873
1871
1875
1883
1809 to’75
1877-8-9

,

registered.:.,

Galveston, Texas- Bonds for various purposes...
Limited debt bonds (sinking fund 2 per cent).
do
do
'
Galveston County bonds, G. C. A S. F. HR
-

....

1865-’78
a

•

•

•

.

•

•

.

.

•

Funded debt

-

-

1873

Capitol bonds

1872
1873
($00,000 are J. A J.).
1869 to ’70
Indianapolis— Bonds to railroads
1877
Ponds to Un. RR. Tr. Stock Yard (mortgage).
1873
Loan bonds, series A
do
1874
do
B
1874
do
do
C
1875
do
do
I)
1874
Purchase-money bonds—Southern Park
Jersey City—Water loan bonds, mostly coupon 1852 to’67
...

1869 to ’73

Water loan bonds, mostly -coupon.
do
do
..:
do
Water loan.
-T
**

1877

1,000
1,000
....

....

100 Ac.
_

m

1.000
1,000
1,000

1,000
1,000

Morgan street dock

Funded debt bonds
Old Jersey Citj' bonds, coupon
Hudson City bonds

.....

registered

$79,586,lot;

82,034,2! 2
84,490.000

—Population, 160,146 in

100.000

203,000
185,000

1,000
1,000

250,000
226,500

500

155,000
500,000
300,000
300,000
300,000

1,000
1,000
1,000

1,000
1,000

200,000

500

1,000
1,000
1,000
1,000

1,000

109,500
729,000

3,329,000
255,000
200,000

627,000
2.669,000
2,771,500
125.000
500.000
807.400

162,550
150,000
400,000
73,000
900,000

400,000
2.027.000
1,353.000

262,000
1,300.000

$5,104,240. which is
$100. Population in

made in interest Feb. 1. 1879.

Suits

on

Evansville, Ind — No floating debt. Population in 1870, 21,830; in
1880, 29,280. Assessed valuation (true value), tax rate per $1,000

and debt have been;

$13,923,825

Personalty.
$5,379,940

Tax.
$12 50

Debt.
$1,651,000

6.031.105
12 50
1,651,000
15,205,795
1833
13,204.715
1,651,000
6.797,890
12 50
-(V. 36, p. 251, 427; V. 37, p. 234, 266.)
Fall River, Mass.—The sinking funds amounted to $651,718 Jan. 1»
18S4.
Total dobt, including water debt, $3,498,860.
Population,




A
A
A
A
A

Y., Farmers’ I.. A Tr. Co.
do
do
do
do
do
do
do
do
do

D.
J.
O.
X.
I>.

48.9(51 in

do
do
do
do
do
do
do
do
do

Dec. 1, 1890
Dec. 1, 1895

July 1, 1895
April 1. 1906
May 15, 1906
June 1, 1907

April 15, 1908
Feb. 1. 1911
1884 to 1888
1884 to 1891

City Treasury.
do

F.

A A.
Boston, Revere Bank.
M. A N. Boston, Bank Redemption.

do

do
do
do
do
do

do

do
do
do

M. A N.
F. A A.

6
6
6
4L>
6
6

4 to 7

6
6
r-

4

6
6
7-3
7-3
7-3
73
7-3
6
i

6
f»
7

7
7
7
r*

4

G A 7
7
7
7
7
T

t

J.
J.

A J.
A .1.
J. A .1.
A. A O.
Various
M. A S.

,1.
I.

A J)
A J.

Various
J. A J.
F.. A A.
J. A .1
.1. &
J. A J.
J. A J.

Aug. 1, 1894
May 1, 1895
Mav 1, 1895
1890-1898
Feb. 1, 1900-1909
Nov. 1, 1892-1906

Aug. 1, 1899-1905

Boston, Merchants’ Bank
do
do
do
do

July 1, 1893
July 1, 1891
July 1, 1905-1906

Oiiy Treasury.

Oct. 1. 1903.
1883 to’91
1893-1909
1920
1902
1S9U-1906
June 1, 1891

Galveston.
do
New York or Galveston.
N. Y., Amer.Exeh. Bk.A Gal.
Citv Treasury.
Buflblk Bank, Boston.
Merchants’ Bank, Boston

Aug. 1,1884
Jan. 1, 1893
Jan. 1, 1897
1894-1900

City Treasury.
do
Town Treasurer.
do
do

$Lo,000 yearly

J. A J.
Jam, 1900
1883 to 1889
Various
City Treasury.
do
Oct. 1, 1889
A. A O.
do
Jan. 1, 1900
J. A J.
A. A O
do
„
Jam&Apr.l, 1894
Jam
Jan. 1, 1889 to’90
City Treasury.
Jam 1, 1897
N. Y., Wiuslow, L. A Co.
r. A J.
do
do
J. A J.
July 1, 1893
do
do
J. A J.
July 1, 1893
do
do
J. A J.
July 1, 1894
do
do
J. A J.
July 1, 1895
do
do
Jan. 1, 1899
J. A J
J. A J. N. Y., Merck. Ex. N. Bank. lam, 1889 to 1909
do
do
1899 to 1913
Various
do
do
J. A J.
July 1, 1907
Feb. 1, 1913
Julv 1, 1913
J. A J. N.Y., Merck. Ex. Nat.Bank.
do
do
M. A N.
May, 1891
do
do
1892 to 1906
Various
do
do
June 8, 1900
J. A J.
M. A N.
do
do
May 1, 1897
do
do
18S4-’S9-’90
Various
do
do
’84-’85-’89A1900
Various
do
do
J. A J.
Jam, ’98 to 1900
do
do
J. A J.
July, 1889
do
do
1884 & 1889
Various
1905-1906
Various N. Y., Merck. Ex. Nat, B’k.
do
do
June 1,1886
J. A 1).

Demand,

5 Uj
6

A. X. Y., Merck.
do
Various
P. A

6
6
6

Ex. Nat. B’k.

do
New York, Kountze Bros.
do
do

8

Total Bonded Debt
Special.
$144oo
$5,888,850
$1,176,200
5,943.000
14-‘k>0
750.100
839,800
15%
5.982,000
1880; 92,829 in 1870.

Real Estate.

6

5!g

pending. Total bonded and floating debt Jam 1, 1881, $6,403,-

-

5 A 6

25.000
107,000

868. The proposition to issue 4 per cent bonds at 50 percent of the
face value of old bonds has been accepted to some extent and .4545,000
of the new issue had been made to Jan., 1884.
Seme oi the largest
holders have declined to come into the compromise.
The Mercantile
Trust Co. in New York acts as the agei t
The above stab ment of bonds
to Jan. 1, 1884, is oflicial. but no statement of assessed valuations and
rate of taxation have been furnished the Chronicle since 1880. Popuation 1830, 28,22.•; in 1870, 20,832
-V. 35, p. 78, 431, 602 ; V. 36, p. 510, 500, 590, 651; V. 37, p. 342.)

Years.
1881

July 1, 1912
May 1, 1898
May 1, 1899

A J.
A N. N.
A N.
A D.

7

1870, 12,035; in 1880, 22,10c.
Detroit, Mich.—The population in 1870 was 79.577; in 1880, 116,340;
in 1883, 130,000. The value of water works is $3,082,708, against a
debt of $1,652,000. The water works bonds are issued on a pledge of
the city credit, and $75,000 per year collected in taxes to pay interest on
them.
Assessed valuation, in 1883-84—real property. $78,982,170;
personal, $26,928,725; total, $105,910,925, which is made on the basis
of true value. Tax rate, $10-89 per $1,000.
are

5
6

5 A 6

General.

Des Moines. Iowa.—Assessed value of property,
about 50 per cent of true value. Tax rate, $5 per

bonds

4
lu
8

742,000

1859 to ’64 5000AC.
1862 to ’75 5000Ac.
1874
1,000
500 Ac.
1873-’75

...

Tax per
1,000.

was

J.
M.
M.
J.
J.
J.
A.
M.
J.

Mav 1, 1908-1909

(>00.090

i

Elizabeth. K. ./.—Default

6

338.000

bonds, Ac

Funded debt
do
Water loan

Real and
Personalty.

417,000
977,000
500,000
30.000
300,000
1,000,000
1,250.000

27 l ,000

500 Ac.

1879
ISbO-’i

dcbi. A*\. coup, or reg.

Bonds...!
Lawrence, Mass.—Funded debt

1883 to 1906
1883 to’91
1892 to’97
1899
1879 to ’81
1882 to ’95
1882 to ’93
18S2 to’86
1835 to ’96

....

-

349.600

....

1872 to’76
1,000
1870
1,000
1872
1,000
Various.
1,000
1 SO i-’70
Various
1868 -’70 1,000Ac
I860
l.OOOAc
1 S04-’05
Vari ous
1875-’70
1876

do

r

1.000

1871

Bonds to pay maturing
Kansas City, Mo.—Bonds

Various N. Y., Metropolitan N. Bk.
do
do
Various
F. A A.
do
do
F. A A.
do
do
Various
City Treasurx'.
do
Various
do
Various
do
Various
A. A O.
do

Various
g.

6
6
6

1873

Forty-year bonds
Improvement bonds

Temporary loan
Bonds to nind Moating

Pri ncipal—When
due.

payable and by
whom.

payable

5 A: 6

300,000
100,000
50,000
3 18,300
510,100

1.000

do
do

Assessment funding bonds
Revenue bonds, coupon or

Where

F. A A.

5 A 6
4

400,000

1,000
1,000

1871-’74
1874

6
5

1.000

1863

.

1

Bergen school loan bonds
Bergen street improvement bonds
do
bounty loan

When

37s, 4, 6 Various

1,000

1 S79-’80

Hartford town debts to railroads 10-23
do
do
war.
do
Heating debt

7
6
6
6

6

1882

Hartford. Conn.—Water bonds
City bonds (II. P. A F. HR ).
:
Park bonds (4 of these bonds are for $500 each)

4
7
7
7
7
7 3-10
7

550.000
200.000

.■•

'loan.

1882

100,000
280.000
45,000
600,000
450.000

1000Ac.
1.000

....

do

7
7
7
7
7

100,000

1,000

W’ater loan
Railroad loan

6 A 7
4

105,000

Large.

....

Holyoke, Mass.—City notes
City bonds, sinking fmid

4

100.000

....

Fitchbary, Mass.—City bonus.

Years.

250,000

1,000

1881

Full River, Mass— City notes....City' bonds

Water
do
do

1,000

1876
1876
1*77
1878

do
do
do
do
Water loan
do
do
do

r*

61,000
62,000
1,772,000
67 3,000

1.000

823181 88811
do
do
do
do

4 to 7

100,000
1*0,000
535,000

1870
1870

works bonds
Redemption bonds
do
do
do
do

Rate.

572,500
329,500

•

•

INTEREST.

Amount

202,000
1882
1868
1869
1870

do

do
Water

11

giving immediate notice of any error discovered In these Table*.

Date of
bonds.

DESCRIPTION.

SECURITIES.

Boston, Tremont Bank.

Various
Various
J. A J.
A. A O.

1880; 26.766

do
do
do

in

1870.

do
do
do

Feb. 1, 1909
1910-1911
1890 A ’97-1898
1893 to’97
1884
1885 to 1892

July 1. 1894
’90, to 1906

Oct. 1,

Valuations in 1883.

Real

estate,

$26,152,300; personal. $26,152,300.
Fitch but>77, Mass.—Sinking fund, Jam 1,1884, $146,522. Population
12,270 in 138 ■; 11,260 in 1870.
Valuation, tax rate, per $1,000, Ac.:
Real Estate. Pers’i Prop’ty.
Years.
Tax.
Bmk’g Fd.,&o.
Debt.
19 00
1882
$158,449
$*31.0 3
$7.4*4,625
$2,628 911
16 40
800.00 *
114,506
7,672.655
2,719.979
16 40
1884
850,000
146,522
7,705,150
2,746,428
—The assessed valuation of real estate is about the cash value.

Galveston, Texas.—Assessed value of real and personal property,
18S1-32, $17,025,862.
Tax rate, $1 50 on $100; 1882-83, tax rate 13,0.
In April, 1882, the Galveston County 10 per cent bonds were called In
and 6 per cents issued instead. Population m 1870, 13,812; in 1880.
22,248; 1882, estimated, 32.000.

Hartford, Conn.—Total city debt, April, 1883, $4,360,000; net, after
deducting resources, $2,079,250; net town debts, $1,249,510. Assessed
valuation in 1882, $47,660,868. Binning fund Jam 1, 1883, $120,182.
Population, 42,553 in 1880; 37,743 in 1870.
Holyoke. Mass.—Bonds all coupon, but ran be registered.

Total net

debt, $817,318. Valuation, 1882, $13,374,055; tax rate, $15 40. Popu¬
lation, 21,915 in 1880; 10,733in 1870.

Indianapolis.—The School Board is a distinct organization and levies
own tax ($2 20 for 1882), which is included in tax rates.
There
are a few other small issues amounting to $50,000.
Valuation and tax
per $1,000 have been :
its

Years.

Real Estate.

Personalty.

Total.

$39,063,725
39,315.725

$12,837,492
13,296,870
13,792,290

$51,901,217
52,61 */,595
53,128,150

39.335,860

Tax.

10-70
11-20
11*20

—Population, 75,056 in 1880; 48.244 in 1870.
Jersey City.—One of the main causes of embarrassment in Jersoy City
is found in the failure to collect back assessments
value of railroad property exempt from taxation.

and in the immense

The Comptroller, in

Dec., 1883, made the following statement in his report:
Tot. taxes overdue Dce.1,’83 less deduct’nsdue State and Co. $3,761,966
Total assessments due and unpaid
2,941,4‘JB

12

CITY

Subscriber* will confer

a

do
Bonds

Date of

8
first page of tables

1833

Louisville, Ky.—Water works..
For improvement of streets.

.

.

Re-constructing street
Public buildings and institutions.

.

Public school and school houses...
Sewer bonds
do
Elizabeth & P. Railroad
Wharf property
Jail bords
For old liabilities
do
do

.

’54,’62,3,8
1869
.

1871 to’74

$50,000
215,000

Lowell, Mass—City notes (various purpose;

Bridge notes
Bridge bonds
Sewer bonds
Water notes
Water bonds

Lynn, Muss— Water notes
Water bonds

Funded debt

City Hall and School nouse
Manchester, N. H — City bonds
City bonds

131,000
200,000

50*0* Ac.'

474,000
1,281,000
198,000

500,000

1,000

600,000
650,000
123,000
81,000
423,000
1,863,000
255,000
133,000
73,000
513,000

1,000
1,000
1,000

1,000
1,000
1,000
1,000
1,000
1,000
1,000

1868
1871
1871 to’73
1,000
1851 to ’63
1,000
1880
1,000
1862 to’82 Large.
1882
Large.
1882
1,000
1882 A ’83
1,000
1871 to’81 Large.
1870
1,000
1870-’3-’5 Large.
Various
1,000
Various
500 Ac.
Various
1,000'

Road bed, Louisv., Cin. A Lex. RR.

350,000

1,408,000
1,000,000
524,300
200,000

do

do

Bridge bonds

1872
1881
1867 to’68

-

Memphis, Tenn.—School and pavln g bonds.
PoBt bonds

.

Funding loan, gold

Mississippi River Railroad bonds
Compromise bonds, coupon
New compromise bonds

Milwaukee, Wis.—Re-adjustment bonds
General city bonds
do

do

Bridge bonds

Water bonds, coupon
do

registered

1872

Minneapolis, Minn.—City bonds
City bonds
do
do
do
do
Mobile— Fundi tig binds
Nashville. Tenn.— Various city bonds

Ac.
100 Ac.
100 Ac.

1,000
1,000
500 Ac.

1,000
1,000
1,000
1,000
10,000
....

....

....

-

»

do

City improvement

1,000
1,000

1,000
1,000
1,000
1,000
1,000
1,000

War loan

Water bonds
do

do
Sewer bonds
New Haven, Conn.—Sewerage
For Derby Railroad ($20,000

City bonds (10-20 bonds)

payabli

New Orleans— Consolidated debt
Bonds, exteiided

Certificates
Railroad debt
Waterworks loan of 1669
Seven per cent funding loan of 1869.
Seven per cent funding loan of 1870.
Jefferson City (debt assumed)
The total debt of

the

1,800,000
265,000
230,000
95,000
100,000

409,000
1,115,000
621,000
360,000
40,000
.

42,000
456,000
159,000

.

1876-’78
1879 to ’83
1861-’74
1875

...

(?)

....

..

1876
1867 to’76
1872-’74
1881
1871
1867
1877
1852
1883
1683
1854-55
1869
1869 '
1870

’57, ’67,’70

2,221,500
1.417,400
1,810,000
500,000
400,000
1,200,000
2,450,000
3,240,000
888,000
872,000

35,000
223,000
26,000
100,000
400,000
190,000

....

10,000

1,000
1,000
1,000
1,000
1,000
1,000

50,000
499,000

1,000
1,000
1,000

1,000
....

1,000
....

60,000

150,000
4.300,000
463,050
1,636,725
221,000
61,800

....

....

....

city January, 1884, was $18,503,950; sinking
Population in 1880, 120,722, against 82,546 in
1870. Taxable valuations and tax rate per $1,000 have been :
Years.
Real Estate.
Personal Prop.
Tax Rate.
$54,122,875
$5,343,815
' $28 00
54,619,565
4.786,037
29 80
funds, $1,400,894.

4

6
6
6
6
4

.6

1,000

1875
1878-’80
1871-’79

do

60,000

....

1871 to’79
.1371 to’79
1881 •
.11870 to’80
1881-’82
1883-’3t
1,000
500
1881
1370 to ’81 100 Ac.

Newark—Wav bils.,tloat’g debt, Ac. (s.fd. of ’fit)
Public school bonds

Aqueduct Board bonds.
Tax arrearage bonds...

200,000
400.000

1867, ’8, ’9 500 Ac,
1870
1,000
1857
1877
1883
1861
1871
1876
1882
1872

(Flippen)

70,000

10*0*

J.
J.

567.750

375.750
85,500

& D.
& J.

4*2

4
120,000
4
375,000
575,000 6 to 6hj
6
1,300,000
6
121,500
086,200 3ifl,4,5, 6
6
595,000 5,
313,000
3^8. 6
6
85,000

do

1*874.

6
6
4
5
6
6
4
7
7
6
6
7
7
6
6
6
7
'
7
7
6
5
4 to 7

6 g.
6
7
6
3-4
5
7
7
4
7
7
8
7
6
5 A 10

4^

3 to 5
6
6 A 7
7
7
5 A 6
7
7
7

5 ’
6
6
5 ,
5
6
7
4
7
6
5
6

6
6
6
5
7
7
8

Where

Payable

Di
>ue.

Whom.

City Treasury and Boston.

N.

July 1.1885&1901

do

Various
Various

Oct, 1,’97-1907-17
1887, ’89, 97
1886,’ 96, ’97

1894 & 1899

July 1, ’93-1913

Y., Bank of America.
Louisville.

A J.
A J.

N.

Various

New York City.

1 Q9<?

Y., Bank of America.

do
do
Various New York, U. S. Nat. Bank.
J. A J. Louisville, City Treasurer.
J. A D.
N. Y., Bank of America.
Various
do
* do
Various Louisville and New York.
A. A 0.
do
do
J. A D.
do
do
Various
do
do
M. A S.
N. Y., Bank of America.
J. A J.
do
do
Various New York and Louisville.
M. A N.
N. Y., Bank of America.
Various
City Treasury.
M. A N
Boston.
M. A N.
do
Various
do

Various

M. A N.
Various
J. A J.
Various
Various
J. A J.
A. A O.
M. A N.
T. A J.
J. A J.
J. A J.

J.

1888

do
do
do

....

J.
J.

Principal—When

Payable and by

J. A J.
A. A 0.

18.$0,5792

485,000

80,000

Abater bonds ($100,000 each year)

When

Rate.

1857 to ’67
1*000
1866 to’67
1,000
1883
500 Ac.
1873
1871 to ’73
1853 to’69
1868
1871
1868 & ’73

INTEREST.

Amount

)

New bonds
Water bonds

823 1

Size or
par
Value.

$....

($30,000 due 1885

do

lvol. xxxvia

great favor by giving immediate notice of any error discovered In these Tables.

DESCRIPTION.
For explanations see notes on

SECURITIES.

City Treasury.
Boston.

City Treasury.
Boston, Bank Republic.
do

do

City Treas’ry A Bk. Repub.
City Treasury.
do

Suffolk
do

July 1, 1903
1891, ’92 & 1903
1884 to’89

July, 1898
June, 1901
1888 A 1903
1883 to 1898
Oct, 1, 1898
1889
1894 & 1901
Sept,, 1891
July, 1901 A 1903
1886 to ’93
May 1, 1920
1883 tel894
1891 and 1892
1892
1884 to 1903
1886 to 1911
1890
1885 to 1890
1891 to 1913
1884 to 1,896
1886 to 1S90

1883-1894

April 1, 1884-’85
May 1, 1893

Bank, Boston.
do

City Treasury.
do

A J.

July 1, 1911

\

Memphis.

M. A N.

1873 to 1902
1873 to 1900

Nov., 1900
•s

.

J.
J.

A J.
A J.
.

.

.

Charleston, S. C.
City Treasury.

July. 1672
1907
1913

New York.

.

J. A D. Mil. AN. Y., Morton B. A Co.
J. A J.
do
do
J. A D.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
Various New York, Nat. Park Bank.
Various
do
do
Various
do
'
do
Various
do
do
Various
do
do
J. A J.
do
do
J. A J. N. Y., Merchants’ Nat. Bk.
Various New York and Nashville.

Various

A. A O.

Newark, City Treasury.

June 1, 1891
Jan. 1,1901
June 1, 1896

July 1, 1902

Jan. 1, 1902
Jan. 1, 1902

1886-1900
1896-1902
1899
1885 & 1893
1906-1912
1913-1914
Jan. 1, 1906
1882 to ’99
1884 to ’96

do
do
April, 1888, to’92
J. Newark, Nat. State Bank.
July 1, 1895
Various
do
do
1908 A 1910
M. A S.
do
do
1886, ’93 A 1909
do
Various
do
1879 A 1892
F. A A.
do
do
1886-’90
F. A A.
do
do
1891-’92
A. A O.
1884 to 1890
City Treasury.
A. A O.
do
1891 to 1910
A. A O.
1884
A. AO.
1900 to 1904
A. A O.
1885 to 1909
A. A O.
1884 to 1909
A. A 0.
1887 to 1891
City Treasurv.
A. A O.
Oct. 1, ’91A1901
City Treasury.
A. A O.
do
Oct. 1, ’82 to ’86
J. A J.
do
July 2,1887-’97
J. A J.
New Orleans.
1892 & 1923
Various
do
1923
1 rtQ'-i
J. A J.
do
Various
do
1874-5 A 1894
J. A J.
do
Jan.
1, 1899
M. A 8.
do
March 1, 1894
J. A D.
do
June 1, 1895
Various
do
1887 to 1897
I.

Years. Real Estate.

A

-

-

Person’l

Prop. Tax Rate.

Total Debt. Sink.Fds.&o

$7,385,416
$17 60
$1,004,412
$38,860
15,379,324
3,796,034
16 20
994,651
47,623
—Population, 32,630 in 1880; 23,536 in 1870.
Memphis, Tenn.—The city was in default for interest after Jan. 1,
1873. The Legislature
passed a bill, January, 1879, repealing the city’s
56,125,552
29 00 charter, and the
5,640,300
“Taxing District of Shelby County” was organizod.
56,304,772
5.203,325
29 40 The
compromise bonds of 1877 were issued at 50 cents on the dollar.
Estimated tax rate in 1883-84, $32-80 per $1,000.
V. 37, p. 667.
Under the act of Tenn. March 3, 1883. new compromise bonds are issued,
Kansas Oily. Mo.—In 1876 assessed valuation was $8,923,190, and tax bearing 3 per cent till
January, 1884, then 4 per cent till 1887. and 6
levy 23 mills, In 1882, valuation, $24,316,020. and tax rate 17J2 per cent thereafter. (See details, V. 37. p. 202.) -The total debt when
mills; 1883, valuation, $16,755,315 and tax rate 16 mills.
funded will be nearly $3,0i>j.0d0. The .assessed valuation of property is
Lawrence. Mass.—'Total debt, $1,764,000.
Sinking fund, $170,553. about $15,000,000 and tax rate $3 40 on the $100. Population in 1370,
Tax valuation,
$26,269,506; tax rate, $16 60.
1882,
In 1883, 40,220; in 1880, 33,592. (V. 36, p. 221, 366, 731, V. 37, p. 202 ; V. 38,
valuation $26,932,560. Population, 39,151 in 1880: 28,921 in 1870.
p. 60.)
Lewiston, Me.—Total net debt. April 1,1883, $926,436; sinking fund,
Milwaukee, Wis.—The city cannot issue debt beyond 5 per cent of its
$143,564. The railroad bonds were issued to build the Lewiston A: Auburn average assessed value for five years. Sink. fd. Jan., 1833, $150,000. In
RR., which is owned by the cities of those names. Valuation in 1883, 1882 valuation was $92,271,935. Sinking funds are provided for all the
$10,679,926; tax rate, 2^ per ct. Population, 19,076 in 1880; 13,600 bonds. There is also about $47,000 scrip issued to settle old railroad
in 1870.
bonds. Population, 71,440 in 1370; in 1383 (estimated), 130,000.
Louisville.—The funded debt, Jan. 1, 1883. exclusive of loans payable
Minneapolis, Minn.—Total debt, $2,278,000; tax valuation, 1883.
by railroads, was $8,342,000, against $8,759,000 Jan. 1, 1882. The sink¬
$5 -<,901,812 ; tax rate, 22 mills; bonds a LI coupon. Population, 46,387
ing funds on Jan, 1, 1883, amounted to $4,269,830. Population by in 1880; 13,066 in 1870.
census of 1870 was 100,753, against 123,758 in 1880. - The
following
Mobile.—Interest was in default from July, 1873.
A settlement with
figures give the assessed property valuation: 1877, $68,522,947; 1878, bondholders was offered
by act of March 9, 1875. In Feb., 1879, the
$63,194,487; 1879, $64,018,242; 1380, $66,209,440; 1881, $68,753,770;
Legislature repealed
1882, $70,029,724, of which $52,269,684 was reality. Tax rate in 1832, offered to take new the charter of the city. lu Oct., 1880, bondholders
25-year bonds, bearing 3 per cent for 5 years, 4 per
ou real estate, $2 35.
(V. 36, p. 590.)
cent for 15 years, and 5 percent for 5 years.
In Doc., 1882, the un¬
Lowell, Mass.—All the notes held by savings banks. Water loan sink¬ funded debt
was estimated at $183,555.
Valuation of real and per¬
ing fund Oct. 1, 1883, $387,259; other sinking funds, $165,667. Pop¬ sonal
property in 1882, $15,563,130; tax rate, $6 per $1,000. Popula¬
ulation, 59,475 in 1880; 40,928 in 1870. Assessed valuations in 1883 tion, 31,297 in 1880; 32,034 in 1870.
were; Real estate, about $35,057,275; personal property, $11,895,526;
Nashville, Tenn.—Assessed valuation of all property in 1881 was $12,lax rate, $15 20; in 1382, valuation 5616,414,412; tax rate, $15 60
Lynn. Mass—Total debt, Dec., 1883, $2,260,700; net debt, $1,614,367. 179,450 real property and$3,070,125personal; tax rate, $20per $1,000
Valuation 1883, $24,687,524: rate, $19 60 The temporary loau due May Population, 43,350 in 1880 ; 25,865 in 1870.
1,1 884, is $160,000. Population, 28.233 in 1870; about 42,000 in 1882.
Newark— The bonds in the first lino in the table are payable out of the
Manchester. N. //.—There are also $16,000 5s due. before 1885. Total sinking fund of 1864, which amounted late iu 1333, to $1,631,127 ;
debt Jan. 1, 1883, $927,500
Assessed valuations aboout 70 per cent of public school bonds out of public, school fund. $412,569; Clinton Hill
true value), tax rate per $1.000. Ac, have been:
bonds by sinking fund $151,789; tax arrearage, $773,148; corporate




1832..

F-EBLUAEY

CITY

1884. J

13

SECURITIES.

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables*
Date of
Bonds.

DESCRIPTION.
For explanations see

Size

par

Value.

notes on first page of tables.
1871
1872
1871

Orleans—(Continued)—Street impr. bonds.
series)
Ten per cent bonds, deficit and old claim

New

Consol, gold bonds (gen’l and drainage

Premium bonds (in exchange)
Park bonds....
Ten-year bonds to fund coupons
Newton, Mass.—City bonds and notes
Water loan ($600,000 6s)
New York—Accumulated debt bonds, city
Accumulated debt bonds, county
Assessment bonds
Assessment fund bonds
Assessment fund stock
Additional new Croton Aqueduct stock
Croton water stock
Croton water stock, additional
Croton water main stock
Croton Reservoir bonds
:
Central Park fund stock
do
do
Central Park improvement fund stock

or

1,000
.

....

1867 to’75
1875-76-80
1869-’70
1869-’70
1879 to’84
1879
1868 to’83
1872 to 'll
1847 to’52
1871 to’83
1871 to ’81
1866
1857 to ’59
1856 to ’58
1857 to’60
1865 to ’71

•

.

1,000Ac
1,000
100
100
500
500
500
500
100
500
500
100
100
100
100
100
500
100
500
500
500
100
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
100
100
500
100
500
500
100
100
100
500
500
500
509
500
100
500
500
500
500
100
100
100
100
500
500
500
500
100
100

do

1879

Central Park commission improvement bonds

1869
1869 to ’78
ao
do
(cons., $687,803 red.aft/96) 1876 to’80
1874
City impr. stock (cons, st’k), cp., cxcii for rog.
1369 to ’70
City Lunatic Asylum stock
City parks improvement fund stock. ......... 1871 to’SO
Consolidated stock, county, coup., ex. for reg.' 1871 ,fe ’72
do
1871 A ’72
city,
do
do
dock bonds
do
1871
do
1872
citvpks. impr. fd. st’k, do
do
red. aft. 190S,Cp.,ex.for rg
1878
do
city, coup., exch. for reg. 1874-’75
do
1872 to’71
city, ( \).
do
1874
county (A A B)
do
1874
city (B &C)
do
1876-’77
city (DEAF)
do
1877 to’83
city (G K L A M)
do
1880
city
1879
Department of Parks improvement bonds
1870 to ’83
Dock bonds
Fire telegraph bonds
1870 to ’73
Fire Department stock
18G9-’70
1879
Improvement bonds
1867 to ’69
Market stock.
Museums of Art and Natural History stock..
1873 to’81
N.Y.City bds. for const <>f bridge ov. Harlem R. 1879 to ’83
1874
N.Y.City bds. for State sinking fund deficiency
New Aqueduct stock
1865 A ’66
N. Y. Bridge bonds
1869 to ’75
do
do Consol, stock, redeem, after’1)6—
1876
do
do $500,000 af.’96, $1.421,900 af.1900 1876 to’80
do
do $750,000 uf. 1006. $416,666 af. 1905 1880 to’S3
Ninth District Courthouse bonds
1871
Normal school fund stock
1871 A ’72
N.Y. Co. Court.housest’ek. Nos. 1, 2, 3, 4 & 5. 1862 to ’82
New York County repairs to buildings stock.
1870
N. Y. and Westchester Co. improvement bonds
1871
Public school building fund stock
1871 to’74
Sewer repair stock
1874 & ’75
Street improvement bonds.
1869 A ’70
Soldiers’ bounty fund bonds
1864
do
do
No. 3
1865
Soldiers’ bounty fund red. bonds. No. 2
1865
Tax relief bonds. No. 2, coup. exch. for reg
1870
Third District Court-house bonds
1874 to ’77
Water stock of 1870
1872
Debt of annexed territy of Westchester Co ..

City Cemetery stock
City improvement stock

Norfolk, Ya — Registered stock
1870-’74
Coupon bonds ($20,000 6s are J. <fe J.)
1831
Coupon bonds of 1881 (exempt)
Trust and paving, coup
1872-’73
1871
Coupon bds, water (a mort. on water works.)
1877
Norwich, Conn— City bonds
Water loan ($50,000 1890, $250,000,1898)... ’68,’78,’80
-

100
100

.

Court House

Sinking fund bonds
Funding l0-30s
Paterson, N. J.—School bonds

Funded debt bonds.
Sewer b’ds ($125,000 are M.A S.

t

*.

«fe $16,000 5s)

War bounty bonds

Funding bonds, “A”

Renewal bonds,* ‘B” and “C”

1875
1878
1883
1859-’73
1862-’71
1869-’31
1863-’65
1877
l877-’78

1,000
1,000
1,000
1,000

500
500
500
500
100 (fee
500

13,505,400
14,138,300

$13,137,519

13,609,922
13,974,587
15,180,305

$15 70

18 00
17 50
16 4 0

F. A A.

New Orleans.
New York or London.
New Orleans.

Q.-J.
A. & O.

Aug.

5

6

Jan.

$1,059,000
1,084,000
1,024,000

104,109

1923

1883 to 1895

Nov. 1, 1884
1887, 1903A1910

Aug. 1, 1900
Feb
l, 1890
Nov. 1,1891 A '99
Nov. 1,1900-1906

Aug. 1, 1907

2J

/

1,

July 1, 1905-’10
Nov. 1,1884 to ’88
Nov.1,1884 to’89
Nov.1,1884 to ’87

Nov.

1, 1887

July 1, 1898

Aug. 1, 1887
June 1,1895
Nov. 1, 1884

Aug. 1, 18S8
Nov.1,1889 A ’92
1900 A 1926
Nov. 1, 1896

p

Aug. 1, 1889
1901-1904

July 1, 1901
July 1, 1901
July 1, luOl
Jan. 1, 1902
Nov.
Nov.
Nov.
Dee.
Dec.

.

If

1. 1926
1, 1896

1, 1894
1, 1890
1, 1896

May 1. 1916 A’20
Nov. 1,’89,’97,’99

£

Nov. 1, 1910
Nov. 1, 1884
Nov. 1,1901-1914
Nov. 1, 1884
Nov. 1. 1899
Nov. 1, 1884

-

la

May 1. 1894 A’97
May 1, 1903

*

Nov. 1, 1891

May 1,1884-’88
Aug 1, 1884
Nov. 1, 1905
May 1, 1926
May 1, 1920
May 1, 1928
Nov. 1, 1890

.

Trust
Funds.
$104,100
104,100

1, 1911

July 1, 1922
April 1, 1881

(

15,109,300
New Haven, Conn.- -Municipal bond fund, $37,011. The city nmde a
special loan of $75,000 to the New Haven A Derby Railroad, and guar¬
anteed $225,000 of its second mortgage bonds. Population in 1870,
50,840; in 1880, 62,882. Assessed valuations (about 80 per cent of true
value), tax rate, Ac., have been:
Rate of Tax
Personal
Total
Sinking
Years. Real Estate.
Debt.
Funds, Ac.
Property.
per $1,000.
1880.. $34,797,569
9
mills.
$13,097,158
$854,000 $176,392
1881..
10
mills.
774,000
32,966,440
13,639,376
169,214
1883..
734,000
34,228,112
14,271,224
132,192
New Orleans.—A decision of Louisiana Supreme Court, Dec., 1878
held inva1 id the special tax provisions for consolidated bonds, but on
appeal to U. S. Supreme Court this was reversed April. 1882. In June,
1882, a law was passed to issue new 6 percent 40-vear bonds for ail
old bonds other than premiums, redeemable after 1&95. The assessed
valuation ol property, real and personal, for 1882 is about $103,177,249.
A scheme for settling the debt by a bond premium drawing plan is i i
practice, and drawings take place January 31, April 15, July 31, and
Ootober 15. On June 30, 1883, the total bonded debt was $15,815,000 ;
and total floating debt, $2,604,000. The uncollected taxes for 1878
and prior years, payable in scrip, were $1,336,948, and for 1879-83,
uayable in cash, $.>03.o00. Population ;n 1870. 191,418; in 1880,
216,090. (V. 34, p. 292 ; V. 35, p. 50. 658 700. 763.)
Newton, Mass.—There are a bo $2'uOCO Talk bonds 4s. due 190 ^




due.

whom.

J. & J.
New Orleans.
J. A J.
do
Various
City Treasury. ^
J. A J. Boston, Comm’nwealth Bk.
M. & N.
M. & N.
M. & N.
M. A N
5
700,000
2,277,050 4,5,6A7 M. A N.
S
o
1,331,300
5,6 & 7 M. A N.
to
5 & 6
321,400
Q.-F.
4,160,0(0 4, 5,6 & 7 M. A N.
£i
5,196,000 4, 5,6 (fe 7 M. A N.
6
20,000
Q.—F.
6
3,066,071
Q-—F.
5 & 6
674,300
Q.-F.
6
2,083,200
Q.—F.
6
1,766,600
Q.—F.
.2 a
5
M. A N.
333,000
£3 x
7
M. A N.
75,000
7,977,515 5. 6 A 1 M. A N.
JOES
M. A N.
5 A 6
701,419
6 g.
M. A N.
820,000
M. A N.
6 A 7
700,000
4,799,000 D, Of (fc 4 M. A N.
X o
6 g. J. A J.
8,8S5.500
6 g. J. A J.
©
4,252,500
CO
6 g. J. A J.
1,000.000
C £
6 g
J. A J.
862.000
5 g.
i\r. A N.
6,900,000
\I. A N.
6 g.
1,564,000
M. A N.
6 A 7
2,455,000
o
J. A D.
7
1,680.200
0 ®
7
J. A D.
6,324,700
tf. 3
5 (fe 6
M. A N.
1,858,349
M. A N.
4 A 5
940.435
£
Cm
4
M. A N.
2,800,000
M. A N.
5
1,210,000
9,323,000 4, 5, 6A:7 M. A N.
M. A N.
o ea
6
597,586
M. A N
6
521,953
M. A N.
5
500,000
c3*d
M. A N
647
296,000
o 03
958,000 4, 5 & 6 M. A N.
M. A N.
4 (fe 5
294,500
M. A N
7
1,169,818
2 *
O o
100.000
6
Q.-F.
M. A N.
6
1,500,000
M. A N.
6
500,000
5
1,921,900
Q.-F.
^
Q*
M. A N.
4 & 5
1,166.660
M. A N.
300.000
*.2
7
M. A N
6
200,000
£ 2
2,153,100 4,5,6 & 7 M. A N.
M. A N.
6
100,000
ce g
M. A N
6
30,000
M. A N.
6
636,000
M. A N.
6
103,000
M. A N.
6
00
606,900
O
M. A N.
6
3,500,000
M. A N.
7
745,800
£
M. A N
a *
376,600
7
7
M. A N.
3,000.000
M. A N.
5 A 6
398,000
M. A N.
475,000
6 & 7
Various
837.500
7
J. A J. Norfolk, Treasurer’s Office.
6
452,464
do
do
6
J. A J.
591,600
do
do
A. A O.
5
320.000
do
do
A. A O.
8
290,800
M. A N. New York, Park N. Bank.
8
500,000
Norwich.
A. A 0.
5
160,000
do
300,000 5, 6 & 7 Various
do
164.000
J. A J.
7
do
A. A O.
5
50,000
4
125,000
J. A D.
7
92,500
City Hall, by Treasurer.
do do
J. A D.
7
110,000
do
do
41‘,000
5, 6, 7 Various
do
do
J. A D.
7
353,000
do
do
6
J. A D.
100,000
do
do
6
110,000
J Various

street improvement and sewerage, $70,291, and
assessments, $1,469,952. The Aqueduct bonds are not a direct lia¬
bility of the City of Newark. Real and personal property have been
assessed at near the true value as follows: 1881, real estate, $66,278.825; personal, $18,974,770; tax rate, $2 10; 1882, real estate, $67.463,555; personal, $17,989,370; tax rate, $2 44. Population m 1870,
105,059, agamet 136,508 in 1880. (V. 34, p. 489.)
New Bedford, Mass.— Population, 26,845 in 1880; 21,320 in 1870

$13,138,400

Principal—When

payable and by

6
1,393,400
363,953 5, 6 A 6^
950,000
4, 5,6
7
6,500,000
7
6,000,000
4 & 5
7,340,000

bends, $168,043:

Assessed valuations (true value), rate of tax, (fee., have been :
Personal
Rate of Tax Total Debt,
Years.
Real Estate.
Property, per $1,000.
Bonds.

Where

payable

7*3
7 g10

158,450
8,048,760
126,000

132882037. 81
do

When

Rate.

$19,950
140,000

1,000

1883

...

outstanding

$1,000
Various

INTEREST.

Amount

Nov. 1, 1891
Nov. 1. 1384-’98
Nov. 1. 1884 '88
Dec. 1, 1891
Nov. 1. 1891
Nov. 1,1885 A’80
Nov. 1, 1888
Nov. 1, 1884-’90
Nov. 1, 1895-’97
Nov. 1, 1891
Nov. 1, 1890
Nov. 1, 1890
Nov. 1, 1902
1884 to 2147
1884 10’85

-

1894-1899, 1912

April 1. 1911
Apl.,’92: July,’93
May, 1901

•

April 1, 1907
1898,1908 A1910
Jan. 1, 1905

April 1, 1908
1913

Deo., 1883-1904
Dec., 1883 -1900
1883-1902

Dec., 1879-1900
June, 1887
1901-1905

Sinking funds, Jan. 1.’84, $145,591. Tax valuation, ’81, $29,607,999;
rate in ’81, $14 00 per $1,000.
Valuation in ’82, $29,409,328 ; ta x rate,
$14 20. In 1883 valuation $27,124,088. In 1884 valuation.$30.544,238;
tax rate, $15 40.
Population 16,994 in 1880; 12,825 iu 1870.

New York Oily—The total debt of New York, Jan’y 1, 1884, was
$130,680,571; tho amount of sinking funds, $38,134,515. The follow¬
ing statement shows the details of funded debt and the amount in the
city sinking fund at the dates named:
Jan. 1, 1884.
Jan. 1, 1883.
Description.
Jan. 1, 1882.
Total funded debt
$130,474,337
$130,680,571
$134,400,507
38,134,545
34,332,338
Sinking fund
36,110,301

Net funded debt.
Revenue bonds

$93,290,206

$96,141,948

$92,546,026

4,328,095

4,246,534

2,983,883

$102,618,301
$100,388,482
$95,529,909
of New York, bv the United States census, in 1870 was
942,292, and 1,206,299 in 1880. Since Jan. 1, 1865, the valuation, rate
of taxation, and net funded debt at end of year, have been as follows;
Total debt
The population

/—Rate Tax p.

Personal
Estate.

Real

Years.
1865

Estate.

$427,360,884

769,302,250
797,148,665
836,693,380
1874t
881,547,995
883,643,545
892,428,165
895,063,933
900,855,700
1879...... 918,134,380
942,571,690
976,735,199
1,035,203,816
1,079,130,669

$181,423,471
306,947,233
306,949,422
292,597,643
272,481,181
217,300,154
218,626,178
206,028,160
197,532,075
175,934,955
201,191,037
209,212,899
198,272,582
197,546,495

$l,000-s
City.
96 $24 94
43 17 27
20 23 81
33 19 67
65 21 35
27 22 13
51 21 49
78 22 72
56 21 94
43 22 37
12 22 18
60 22 60

State.

$4
4
5
5
6
7
6
3
3
3
3
3

Net Debt.*
Dec. 31.

$35,973,597

8 8.369,380
95,467,164
107,023,471
111,979,970
116,773,721
119,811,310
117.700.742
113.418,403
109,425,414

106,006,240
102,618,301
100.388.483
95,529,909

22 50
22 90
t Annexed towns included.
Leas sinking funds.
The reduction between the amount of taxation in the years 1874 and

1880

was

about $3,400,000.

There

was,

'

however,

no

substantial reduo-

CITY

14
Subscribers will confer

a

explanations see notes

on

Date of
Bonds.

do

Size

outstanding.

par

first page of tables.

$50 Ac.
1855
1855 to ’71
1859 to’70
1808 to’70
1802 to 05
1860 to ’70

for water works
for bridges
for park and Centennial
for war and bounty purposes

do
do
municipal, school, sewer, Ac
Guaranteed debt, gas loans
Four per cent loan (“A” to “ Y”)

.

1879

Peoria, Ills— School loan

•

•

•

Ac.

50
50
50
50
50
50
50
25

-

•

Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.

$4,054,566
1,725,000
6.500,000
4,853,500
8,701,000
11,050,000
15.037,425

5,999,400
8,084,485
81,500

....

War loan

m

m

m

42,000

m

Water loan

2231881

307,000

do
Peoria A Rock Island Railroad
Pittsbur<7—Water exten. loan (coup, or reg.)
Water loan, reg
Funded debt and other municipal bonds

....

m

®

.

o

m

100,000

mm,

a

4,232,500
300,000
1,281,000
2,178,000
5,050,700
1,405,000

.....

m

m

„

m

....

...

1,000
500 Ac.
•

•

•

1,200,000
1,193,500

2,182,000

1 000Ac.

1,90.8,000

325,000
000,000
300,000

lOOOAe.

1,500,000

£100
1000Ac.

1,397.250
600,000

Large.
1,000
1,000

590,000
500,000
110,000
280,000

1,000

85.938

2,910,908

....

1,214.700
052,300
148,000
750,000
705,000

.

.

1.000
1000Ac.
Various
o o c rf

3,182,000

1,000

410,000

5.000

100,000
43u,v()o
154,000

50 Ac.
100 Ac.
100 Ac.
100 Ac.

....

....

111,500
124,300

(?)
1,088,000
1,104,000
00,000
340,000
1,108,000
011,000

....

Various
Various
Various

1,000
1,000
Various

700,000
3,950,000
1,250,000

1,000
1,000

..

800.000

....

1,000
1,000

081,000
1,074,000
707,000

1.000

2,747,000

1,000
500.

1,024,000
401,000

1,000
1,000

100,000
500,000

1.000

600,000

1,000

850,000
1,900,000
500,000
133,850
07,500
150,700
530,250
928,800

1,000

'

.

Veal's.
1880
188 L
1883

Real

per

,

$1,000 have been:
Tax Rate.

$1,403 498
1,310,801

$19

1,303,403

20

1,722,492

20

;

20

in 1880, 21,900.

Norwich, Conn.—The assessed valuations, tax rate, Ac., have been

:

Real
Estate.

Personal

Rate of

Property.

$7,438,097

$2,970,028

Tax.
8 mills.

7,382.834
7,302,304
7,392,707

2,872,500
2,702,901
2,058,058

Years.
i..

10
10
0

“
w
“

—Sinking fund, May, 1883, $33,778; population, 21,145 in 1880; 10,

-053 in 1870.

Paterson, X. J.—Finances

Years.
1879
1880
1881
1882
1883

are

Real Estate.

apparently in

a

Personalty.

Tax Rate.

$3,240,501
....

....

....

....

10,398,008
10.935,273
17,740,010
38,500.048

sound condition.
2*4
2*4
2*4

3,544,517
3,037,837
3,708,240

2-30
2-28

3.850,035

—Population, 51,031 m 1880; 33,579 in 1870.

Philadelphia.—On Jan. 1, 1883, the debt

■debt, $454,576.
Is

The

Debt.

$1,275,000
1,259,500
1.201,000
1,251,500

1,217,500

$07,468,310; floating

In the following table the assessed value of real estate

near its cash value:
Years.




was

Real Estate.

Personalty.

$535,805,744

$7,803,385

545.608,579
554,024,115
573.728,105

8,795,700.

9,884,578
9,884,578

Principal—When
Due.

Whom.

&
A
A
A
A
A
A
&

J. Philadelphia, b\' Treasurer.
1884 to’85
J.
do
do
J.
do
do
1884 to 1903
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
1884 to 1905
do
do
1884 to 1904
Various N. Y., Anier. Excli.Nat. Bk.
1880 to 1898
M. A N.
do
do
Mar. 1, 1902A’03
4-lg
7
Various
do
do
1888-1901
5 A Gg. Various
do
do
1889-1901
4
J, A J.
New York.
July 1, 1888
A. A O.
7
1893 to '98
Pittsburg, Treasurer.
0
J. A J.
do
do
1908
6 A 7
Various Pittsburg, Phila. A N. Y.
1884 to 1912
J. A J. New York, B’k of America.
4 A 5
1913
7
Various
1883 to’86
Philadelphia.
5
1914
M. A N. Boston, Blackstone N. B’k. Nov.,1880,'87,'88
0
6
J. A J.
do
do
July, 1887
do
6
J. A J.
do
July 1, 1897
M. A S.
6
do
do
Sept. 1, 1907
5 A 0
Boston and Portland.
1883 to '95
m’ntlily
J. A J).
0
do
June 1, 1887
M. A S.
6
Providence.
Sept,, 1885
J. A J.
5
do
Jan., 1893
5 A 0 g. J. A J. Boston, Prov. and London.
July, 1900
5 A 0 g. J. A J. N. Y., N. City Bank, A Prov.
July, 1900
5 g. J. A J.
do
do
July 1, 1906
5 g. J. A J. London, Morton, Rose A Co
July 1, 1895
J. A D.
June 1,1899 *
4^2
Providence.
-5
do
ruly 1,’99 A 1900
J. A J.
7
do
1892
5
M. A S.
Treasury.
Sept. 1, 1884
M. A N.
Boston and Providence. „
4L2
May 1. 1885-’86
4 *2
Various
do
do
1884-’89
j. a ,r.
0
J.A ,T., 1884-1914
Richmond, Treasurer.
J. A ,T.
do
8
do
1886A1901-1909
J. A J.
5
do
do
July 1914-’15
J. A J.
N. Y.. Union Trust Co.
7
1883 to 1903
F. A A. New York and Rochester.
7
Feb. 1, 1893
Various
do
7
do
1884 to 1902
J. A J.
7
N. Y., Union Trust Co.
Jan. 1, 1903
J. A J.
7
do
do
Jan. 1, 1905
4.
F. A A.
do
do
Aug. 1, 1912
4 A 5
Semi-an
1884 to 1911
City Treasury.
0
J. A J.
Boston.
1884 to 1899
F A A.
0
do
1891
M. A S.
0
do
1902
3 05 A 4
On call.
City Treasury.
6
Various N. Y., Nat. Bank Republic
1883 to'91
0
Various
do
do
1883 to 1906
6
Various
do
do
1886 A '87
0 g. F. A A.
do
do
Aug., 1898
6 g- Various
do
do
1887 to'95
G
Various
do
do
1886 to'88
F. A A. N. Y., Nat. B’k Commerce.
7
Feb. 1,1885
6 g. J. A D. Nrw York and St. Louis.
une, 1887,!A 90
A. A O. N. Y., Nat. B’k Commerce.
0 gA pill 1, 1892
o g. M. A N.
July 1, 1894
o g. Various
New York or London.
1891 to '94
6 g. M. A N.
do
do
Nov. 1, 1893
o g. M. A N.
do
do
May 1, 1895
6 g. J. A J.
do
do
1894 A 1899
5 g. Various
do
do
an. A June, 1900
J. A D. N. Y., Nat. B’k Commerce
0 g.
Dec. 10, 1892
5 A 6
6
6
0
6
6
6
G
4
7

J 1884 to 1905

•

.

rr

„

„

„

,

....

4
4

5

J. A ,7.
M. A S.
J. A D.
J. A J.
A. A O.
M. A N.
Various
M. A N.
Various
T. A J.
F. A A.
Various
Various

7
8

Various
Various

7
7
0 g7 A 0 g.
0 g0 g.
OAT
7
10 A 0
10

089,310
203,125

....$8,801,392
9,354,705
9,590,4 <1
9,770,197

—Population in 1870, 19,229

J.
J.
J.
J;
J.
J.
J.
J.

Payable and by

N. Y.,Nat. Bk. Commerce.
do
do
do
do
do
do
do
do
do
do
N. Y., Nat. B’k Commerce.
do
do
St. Joseph and New York.
N. Y., Nat. B’k Commerce.
do
do
N. Y., Kountzc Brothers.
do
do

4 03 000

Personalty.

..

Where

Pay’ble

470,000

500
500
100 Ac.
500
50 Ao.
1,000
1.000
500 Ac
Various
Various

Estate.

~=—..

When

431,000

1,000
1,000

tion in the expense of administering the City Government as reduc¬
tion in State taxes was about equal to reduction in tax levy. (V. 36, p.
590; V. 57, p. 23.)

Norfolk, Va.—The assessed valuations and tax rate

Rate.

18579-302.

410,000

.

500 Ac.
1.000
1000Ac.
1000Ac.
lOOOAe.

o

1809
do
1871
do
1872
Notes and certificates of deposits
St. Louis—Renewal and floating debt bonds
1840 to ’71
Real estate, buildings and general purposes.. 1840 to ’08
Street improvement bonds
1855 to ’57
Tower Grove Park bonds (gold)
1808
Sewer bonds
Various
Harbor and wdiarf bonds.
1852 to’08
Bonds to Pacific Railroad
1805
New water work bonds (gold)
1867 to’70
do
do
do
1872
do
do
do
Renewal and sewer bonds (gold)
1871 to’73
Renewal purposes, gold or sterling
IS 73
1875
Renewal, Ac., bonds, gold, $ and £
1874-’79
Renewal, Ac., bonds,gold $ and £. coupon..
Renewal bds.,gold,$ and «£(part rcd’mable ’00)
1880
1872
Bridge approach bonds (gold)
St. Louis County bonds assumedinsane Asylum
1S07
1808
County Jail
General purposes, gold
1872
Renewal
1873 to’70
Park bonds, coupon, gold
1875
1875
County bonds
81. Joeepn Mo.—Bonds to St . Jo. A Den City RR. 1800 to’09
Bonds t< Missouri Valley Railroad
1809
Bonds f< r various purposes
1858 to ’09
1871
Bridge h Dads
New compromise bonds (00 per cent)
1831
8t. Pant, Mi an.—Bonds
1881-82
Bonds
1807 to ’83
do
‘
do
I 1802 to ’81
do
1800 to ’79]

787,000
027,500

•

..

Rockland, Me.—Municipal bonds
Railroad loan ($20,000 payable yearly)

m

•

•

®

84,000

....

1868 to’74
1878
1845 to ’72
1803
Compromise railroad bonds (coup, and reg.)..
Bonds impr. Penn, av., Ac. (local assessment). 1871 to’73
Bonds for overdue interest
1884
Portland, Me.—Loan to Atl. A St. Lawrence RR. ’68,’09,’70
Loan to Portland & Rochester Railroad
1807 to’09
do
do
do
1872
do
Portland A Ogdensburg
1872
1859-79
Municipal—proper, ($15,000 are 5s due '83)..
1807
J
Building loan bonds
1855
Providence, It.I.—Bonds for public improvem’ts
1803
Recruiting and bounty bonds
Water loan bonds, gold, coupon
1872
do
do
1874
registered
do
do
do
18 r 6
1875
City Hall A sewer loan b’ds, sterling, cp. or re
do
loan of 1870
1879
Public improvement loan, registered
1879
Prov. A Springfield RR. bonds, guaranteed...
1872
Brook Street District certificates
1877
do
do
do
1879
coupon..
New High School Building certificates
1877 A ’79
Richmond, Fa.—Bonds, reg.,($118,000 are coup.)
Bonds, reg. and coup. ($213,500 arc coup.)...
New fives
1872
Rochester, N.Y.—To Genesee Valley Railroad
To Roeb. A State L. and R. N. A P. Railroads. 1372 to ’74
For various city improvements
1872 to’75
Water works loan, coupon ami registered
1873 to’70
Funding loan
1875
Consol loan
1882

INTEREST.

Amount

or

Value.

Philadelphia—Bonds prior to consolidation
Bonds for railroad stock subsidy subsoript’ns
do
do

[Vol. XXXVIII.^

great favor by giving immediate notire of any error discovered In tbese Tables.

DESCRIPTION.
For

SECURITIES.

Tax Rate.

$19 50
19 00

18 50
*18 50

Assessed

valuations

of

do
do

do
do

property for 1884

are:

July 1,1887
Sept. 1, 1888
June, 1892
1889 to 1896

April 1,1905
May 1. 1895

_

1880 to '89

Nov., 1889
1880 to'89
1891
1901
1906 to 1912
1887 to 1913
1888 to 1904
188 4 to 1000
1899 to 1904

Full city

property,

$520,128,278; suburban property, $38,380,415; farm property, $19,1

3,990; all the personal being classified with the full city property.
Population. 1870, 074,022, against 847,170 in 1880.

Tax rate. $18 50.

Peoria. III.—Total debt, $073,500 in 1882.
Population,
1880; 22,849 in 1870; in 1883 (estimated), 40,000.

29,259

In

Pi ttsb it rtf.—Assessed valuation in 1880: Real property, $85,744,990 ;
personal, only $2,510,540. Tax rate, 1880, 20 4 mills per $1. No recent
reports obtained. Population, 150,389 in 1880; 80.070 in 1870. (V. 38,
P- 80.)
Portland, Me.—The sinking fund and available assets March 31, 1883,
were $155,8t>6.
The city is protected by mortgages on Atlantic A St.
Lawrence and Portland A Ogdensburg railroads. Population in 1879,
35.010. against 31.413 in 1870. and 26,341 in 1800. Population in
1880, 33,810; 1870, 31,413. The assessed valuations, tax rate) Ac.,

have been:.
Years.

..

*

Real
Estate.

$19,825,800
19.777,200

19,880.300

20,28*,30Q

These do not include

Personal

Rate of Tax

Total

$1,000.

Debt-

Sinking
Funds, Ac.*
$25 00
$5,235,000 $225,710
11,370.450
25 50
4.688,100
92,356
11,009,585
23 50
4,020,500
•
40,161
12,354,455
21 50
4,545,500
51,869
the sinking funds for railroad loans.
Property,
$10,359,128

per

Providence, R. 7.—The principal debt of Providence
since 1872 for water works, sewerage, new City Hall
Improvement. The sinking fund for bonds due in 1885

has been created
and Brook Street
is $722,491; 1893,
$273,574; 1895 99, $407,387; 1899 1900, $72,054; 1900-6, $131,676;
Brook Street district. $13,015. Population. 1870,08,904; 1880, 101,857.
The laws of Rhode Island now limit the debts of towns to 3 per ct. of their
assessed valuation. Ass’tl valuations (true value), tax rate, Ac., have been:
Real
Personal
Tax per
Total
Assets in Sink.
Years.
Estate.
Property.
Funds, Ao
$1,000.
Debt.
$88,012,100 $27,908,900 $13 50 $10,202,688 $1,359,142
87,788.000
28.413,800
14 00
10,100,599
1,397,558
88,987.900
30.208,300
14 50
10,077,099
1,597,280
90,141,400
31,722,000
14 50
9,941,188
1,681,400
—State valuation, $168,547,720; oity, $121,865.100.

FblRC'Aky,

CITY

1864.J

Subscribers will confer

a

Date of
Bonds.

Size
par

outstanding.

187920. 180-32
0381 881
Various.

Salem, Mass.—City debt
City debt
Water loan

1871
IS68-9
1878
1858
1863 to ’64
1864

s.

do

do

School bonds
School bonds
Park improvement bonds

1872963.

do

Hospital bonds..

House of Correction bonds

City Hall construction
Montgomery Ave (special tax)
Dupont St. (special) (Act March 4, 1876)

Savannah, 6a.—New compromise bonds

Somerville, Mass— City debt

....

Water loan

•

Water loan

($200,000

•

•

*

.

.

.

,

•

Springfield, Mass.—City notes
*City bonds

.

1

$154,500

1,000

•

100 &c.

Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac,
Ac.
Ac.

246,000
435,500

210.000

138,000

246,000
285,000
200,000
475,000
210,000

150,000
545,000

Ac.

Ac.

1,000
1,000
«...

•

•73,’71&79

•

•

•

....

Various.
18S3
1861 to ’83 500 Ac.
1870 to’83 500 Ac.
1870 to ’76 500 Ac.
....

The. bonds of
provided for by net receipts

Population, 89,366 in 1880;
62,386 in 1870; in 1882, estimated, l05,OOO. Assessed valuation (60
per ct. of true value), rate of tax, Ac., have been:
Real

Personal

Estate.

Years.

Property.
$1,706,300
1,584,940
1,430,144

Tax

per$1,000

Total
Debt.

in old Wards.
19 64
21-79533

Due.

Whom.

*

6
6
5
6
7
7
7
7
7
9
6
6
7
o

g.
g.
g.
g.
g.
g.

ferg.
g.
g.
g.

J.
A.
J.
J.
A.
J.
M.
A.
J.
J
J.
M.
J.

&
&
A
&
A
A
A
A
A
A
A
A
A

1883 to 1892
City Treasurj'.
J. Boston, Merchants’ Bank.
Jan. 1, 1891
O.
do
do
Apl. 1,1883-1898
J.
do
do
July 1,1904
J. San F.AN.Y., Laidlaw & Co.
Jan. 1, 1888
O.
do
do
Oct, 1, 1883
J.
do
do
July 1, 1894
N.
do
do
May 1. 1895
O.
do
do
Oct. 1, 1887
1).
do
do
June 1,1882 to ’90
J.
do
do
July 1, 1894
J.
uo
do
18§7 & 1904
N.
do
do
Nov. 1, 1891
do
J.
do
July 1,1894
do
do
1899

....

do
335,000 5*2, GjG1^ Various
do
Various
111,900
City Treasury.
4, (3
Various Boston, First National B’k.
6
140,000
A. A O.
do
6 A 7
do
1,200,000
A. A 0.
do
7
do
200,000
1,135,000 413 to 8 Various N. Y., Imp. A Trad. N. Bk.
7-3
M. A N.
do
do
432,000
6 A 8
Various
do
do
1,000,000
7 A 8
365.700
Various
do
do
5
A. A 0.
do
do
225,000
2,048,400 4, 5 A 6 Various C.Treas.A Bost. Mchts.’ Bk.
do
do
39i>,000 4, 412. 5 Various
5 A 6
do
Various
do
359,300

Rochester.—Total debt funded, $5,355,000 Jail., 1883.

Genesee Valley RR. loau, $148,000, are
from a lease of said road to Erie Railway.

Pay’ble

Payable, and by

7 g. J. A J. San.F.A N.Y.,Laidlaw& Co.
919,000
5
3,356,800
Q-F. N. Y., Eugene Kelly A Co.
1,250,000 5 5^6 6 V* Various Boston. Nat. Security Bank

Large.
Large.

Various.
1870

Where

1,579,000

Various.

....

When

4, 5 A 6 Various

398.500

1,000

•

Principal—When
Rate.

300,000
500,000

1,000

arc C per cents)

Railroad loan
Toledo, O— General fund city bonds, coup
Toledo & WoodvilleRailroad, coupon
Water works ($3,000 only 6s)
Short, bonds, chargeable on special assessm’ts.
Bonds, payable after 1893
Worcester, M.—City, ($527,500 c., $1,520,900 r.)
Sewer debt (all registered)
Water debt ($79,000 coup., $280,300 reg.)

$100Ac,

500
500
500
500
1867
500
1S70
500
500
1874
1872 to’75 500
1871 to’73 500
1874
500
1875 to’76 500
1873-74
1S76
100
1879

Francisco— Bonds of 1858, coupon (gold)..
judgment bonds, coupon (gold)
Central Pacific Railroad, coupon (gold)
Western Pacific Railroad,
do
do

San

INTEREST.

Amount

or

Value.

lirst page of tables.

judgment bonds,

15

srreat favor hv giving; Immediate notice of any error discovered in tbese Tables.

DESCRIPTION.
for explanations see notes on

SECURITIES

1896
Feb. 1, 1909
1882 to 1896
1880 to 1906
1884 to 1889
1884-1890

Apl. 1,’94, to 1905
1884 to 1893
1884 to 1913

May, 1900
1893 to 2000
1884 to 1887

Oct., 1913
1884 to1905
1899 to 1905
1885 to 1906

27,563 in 1880: 24,117 in 1870. Tax valuation, 1882, $25,528,242; tax
rate, $15 50
In 1883 valuation, $J5,373,915.
San Francisco.—Population, 233,959 in 1880; 149,473, in 1870. The
Montgomery Avenue and Dimont Street bonds are special issues charge¬
able only on the assessment of property beuefltted. The assessments For
four years and tax rate (per $100) are given below.
The large increase

in personalty in 1880-hI was made by the arbitrary assessment of
$5,471,686
37,299,400
5,446,186 persons making no sworn statements of their property.
34.408,725
23*86
5,382,950
Realty.
Personalty.
Tax Rate
34,596,225
1,291,320
2467
,1979-80
$166,429,845'
$51,057.2‘29
$1 99^
165,023,658
279,287,738
2 21
34,849,975
1,202,395
2861
5,355,000
155,834.879
66.598,521
1 80^
Richmond, Va.—Real estate assessed, 1882, $28,916,828; personal
151,894,908
50,267,099
1 80^4
$12,689,534. Tax rate, $1 40. 1883, real, $29,240,022; personal, $12,628,267. Population, 63,600 in 1880; 51,038 in ’70
In 1883-84 valuation by city and county are $158,723.269 real estate,
Rockland, Me—Valuation of real and personal estate, 18S3, $3,651,- and $62,272,534 personalty, against $182,531,759, and $62,272,534
500. Tax rate, $26 per $1,000. Population, 7,599 in 1881; 7,074 in by State valuation.
1870.
Sinking funds raised annually amount to over $225,000, the amount
St. Joseph. Mo.—Population in 1880. 32.431; in 1870. 19,565. As¬ on hand June 30, 1883, being $1,066,343. (V. 34. p. 550 ; V. 36,p.445.)
sessed valuation of real estate, 1830, $5,723,784. Personalty, $3,294,Savannah, Oa.—Default was made on interest Nov. 1, 1876, in conse¬
451; total $9,018,235. Rate of tax, 1880, 32*2 mills. In 1882 total
assessed valuation was $12,000,000. In above-statement of bonds the quence of yellow fever and non-collection of taxes. The compromise,
as reported in V. 26, p. 625, gave new 5 per cent bonds for the face of old
amounts given include accrued interest to April 1, 1883. A compromise
of the debt was made in new 4 per cent bonds, which arc given for the bonds; and for interest up to Feb. 1, 1879, 58 per cent of the fame value
in similar bonds.
Assessed value of real estate and tax rate each year
full principal and interest of old bonds, and interest is pad on these only.
haive been as follows: In 1879, $10,100,000, $25; 1880, $10,300,000,
-(V. 32, p. 659.)
$25; 1891,$10,500,000, $25; 1882, $10,650,000, $30; 1883, $10,900,St. Louis.—Population by the United States census in 1870 was 000,
$30. Population in 1870, 28,235, against 30,709 in 1880 and
310,864, against 350,518 in 1880. The city and county-were merged 37,333 in 1882.

$-12,658,350

bylaw in 1877 and city assumed the county bonds. The Comptroller

gives the

following in his report to April, 1882 : The liabilities appear as

follows: The bonded debt at the close of fiscal year

(April 10, 1882) is
$22,417,000. A claim of the St. Louis Gaslight Company for gas fur¬
nished. amounting in all to about $882,000, with interest to March 31.
18S2, was decided against the city in I860, but appealed. Assessed valu¬
ation of property and tax rate have been:
Real Estate ✓—Rate of tax per $1,000.—,
and Personal

Years.
1879

Property.

$164,399,470

160,634,840

1881

167,336,600

1882

191,720,500

New

Old

Limits.
$5
5
5
5

00
00
00
00

Limits.
$17 50

Bonded

Debt.
$22,614,000

17 50
17 50
17 50

22,507,000
22,417,000

22,311,000

St. Paul, Minn.—Population in 1870 was 22,300; in 1880, 41,498;
in 1884 the local estimate of population is 100,000. Assessed valuations
of taxable property and tax rate have been;

Years.

Personal

Rate of Tax
per $1,000.

Real Estate.

Property,

$18,835,525

$6,340,493

18,993,545
17,300,486
17,300,76G
30,000,000
31,000,000

5,452,871

22 mills.
18
“

5,491,026

13

5,942.503
10,000,000

12,000,000

“

15
“
21
“
2450“

Total

Sinking
Funds, Ac.
$1,332,500 $551,755
1,327,200
567,642
1,356,444
616,000
Debt.

1,519,310
1.959,910
2,328,040

656,000

—Valuation of real estate is about one-third of true value.

Salem, Mass.—The siukingfund January 1,1883, was $288,253.

are

$72,500 of 4 per cent bonds also held by sinking funds.




There
Population,

14,685 in 1870.

Springfield, Mass—Total debt, Jam., 1884, $1,692,274; cash assets,
$129,138. The railroad debt falls due $20,000 each year. Population in
1882, 35,000; 1870, 26,703.

Years.
1879
1881
1882

Tax valuation and raites have been:
Personal

Tax rate

Real Estate.

property.
per $1,000.
$22,211,230
$/,230,094
12 00
23,795,920
8,935,850
12 50
25,084,420
12 50
9,198,258
9.260,459
25.676,800
—Valuation of reail estate is about 67 per cent of true value.
Toledo.—Total debt, January, 1884, was $3,157,700. Of this the debt
payable by special assessments was $365,700, and the certificates of
indebtedness, $20,644. Taxable valuation of real estate, 1883, $20,614,600; personal, $9,159,380.
Total valuation, $28,803,980.
Tax
rate, $2-44 per $100.
Valuation, 1S82, $27,874,250; rate, $2 50.
In 1883 total taxable valuation was $29,803,990. Population, 50,137
in 1880; 31,584 in 1870.

(V. 30, p. 356.)
Worcester. Mass.—Total funded debt, January 1, 1881, $2,797,700;

temporary debt $150,000. Cash assets, $577,823, including $486,776
in sinking fund. Population. 58,291 in 1880, 41,105 in 1870. Tax valu¬
ation, 1880, $41,005,112: in 1881, $42,606,529; 1882, $45,504,512;
tax rate, 174.
In 1883, $48,570,335 ; tax rate, 1*72

16

RAILROAD

Subscribers will confer

a

STOCKS

Alabama N. 0. Texas & Pacific June— Debentures..
Ala. Ot. South'n.— 1st mortgage, coupon

Albany d Susquehanna—Stock

mortgage

Albany City loan (sinking fund, 1
2d mortgage

per ct.

yearly).

Consol, mort. (guar. D. & II. endorsed on bonds)..

Allegheny Valley— Stock
General mortgage (Riv. Div.)
Bonds to State Pa. (endorsed) 2d mort.. East ext.
1st mort., East’ll Exten.,
guar, by Pa. RR
Funding income bonds, with traffic guarantee....
Amador Branch— 1st mortgage

233
296
209
142

1882
1878

142
142
142

1865
1865
1876

259
132
110
110
259
27

81

Asheville d Spartanburg—1st mortgage
Ashtabula d Pittsburg — 1st mortgage, coup, or reg..
62
Atchison Col. d Pacific—1st mort., guar
254
Atchison Jewell Co. d West.—1st M., guar. C.B.U. P.
34
Atchison Tope lea d Santa Fe—Stock
1,820
1st mortgage, gold
470
Laud grant mortgage, gold
Consol, bonds, gold

Bonds, gold (secured by mortgage bonds)
S. F. bonds for purchase of K. C. L. A S. K. stock.
Sinking fund bonds (secured by mort. bds.)
Sink, fund bds. (secured by deposit of mort. bds.)
Wichita A Southwest., 1st M.,gold
Kaus. City Top. & W. 1st M., gold
Guar, rent
do
do
income bds.
Pueblo A Ark. Valley, 1st M.,gohl

J

27
66
148

....

1863

Size,

or

Par

Value.

£20, Ac.
$L,000
100

1,000
1,000
1,000
1,000
50

1866
1870
1871
1874
1877

1878
1879
1879
....

1869
1870
.

.

1830
1880
1880
1881
1872
1875
1878
1875

1,000
100,000
1,000
100 Ac.

[Vol. XXXVIII,

Outstanding

$7,500,000
1,679,000
3,500,000
993,000
1,000.000
1,627,000
6,000.000
2,166,500
4,000,000
2,7* >0,000
10,000,01)0
8,760.700
675,000

1,000
1,000

500,000
1.500,000
4,072,000
542,000

1,000
100
500 Ac.
500 Ac.

56,913,200
7,041.000
2,706,500
108,500

....

1,000
1,000
1,000
1,000
1,000

1,000
....

1,000

Bonds—Prinoi

INTEREST OR DIVIDENDS.

Amount

1,000

1,036,000
3,631,090
4,919,000

Bate pel
Cent. -

6
6 g.

3ia
7
6
7
6 A 7
7-30
5
7
7
6
6
6
6 f

1^2
7
7
7
5
5

gg.
g.

g.

4kj

6,385,000

6

412,000
854,000
200.000
1,633,000

7 g.

7 g.
7
7
*

©•

When

Payable

pal, When Due

Where Payable, and by
Whom.

Stocks —Last

Dividend,

r

A.
r.
J.
I.
M.
A.
A.

A
a
A
A
A
A
A

O.
London.
April 1, 1907
j. N. Y.,Farmers’ L. AT. Co
Jan. 1. 1903
J. N. Y., B’k of Coimneroe.
Jail. 2, 1884
J. N.Y.jDol. A Hud.Can.Co
July, 1883
N.
do
do
Nov., 1895-’97
O.
do
do
Oct., 1885
0.
do
do
April 1. 1906

J.

A

J. N. Y., Winslow, L. A Co. March 1, 1898

Jan’ary Harrisburg, Treasury. 100,000 jr’rlv.
A. A O. Philadelphia or London April 1, 1910
A. A 0. Pittsburg, Co.’s Office.
Oct. 1. 1894
J. A J. N. Y., Cent. Pacific RR. Jan. 1. 1907
F. A A. Phil., Fid. i.T. AS.D.Co.
N. Y.. Hanover N. Bk.
Q.-F.
Q.-F. N. Y.,Un Pac. R R office.
Boston, at Office.
Q.-F.
J. A .1 Boston, North Nat. Bk.
A. AO.
do
do
A. A 0.
do
do
A. A 0. Boston, Boston Nat. B’k.
M. A S.
do
do
A. A O Boat. Safe Dcp. A Tr. Co.
J. A- I).
Boston.
J. A J. Boston, North Nat. Bk.
J. A J.
do
do
M. A S. Boston, Boston Nat.B’k.
J. A J. Bust., N. Bk. of N. Ara’a

Aug. 1, 1908
May 1, 1905
May 1, 1905
Feb

15,1884

July, 1899
Mar. 1, 1909
1903

April 1, 1909
Sept. 1. 1920
Oct. 1, 1320
Dec. 1, 1911
July 1, 1902
July 1, 1905
Mar. 1, 1900

July 1, 1905

.

Alabama New Orleans Texas A Pacific Junc. (Limited). —
English corporation controlling the Vicksburg A Meridian,

This is an
142 miles;

Vicksburg Shreveport A Pacific, 189 miles; N. O. A North
Eastern, 200 miles; and Spanish Fort Railway, near New Orleans, 13
miles. It also controls the Cincinnati New Orleans A Texas Pacific
Railway Co. (lessee of the Cincinnati Southern Railway). The manage¬
ment of the company is the same as that of the Alabama Great

Southern RR. Length of roads, 807 miles; add Ala. Great Southern RR.,
295 miles; entire system, 1,162 miles; of which, on .lan. 1,1883, there
remained to be finished about 250 miles.
Road opened through Oct.,
1883. The preferred or “A” shares are £1,500,000, having a preference
for 6 per cent dividends and cumulative, and the common or - B” shares

£2,500,0o0; par value of all shares, £10 each. The debentures are
redeemable any time at 115, on six months’ notice. The company holds
the following securities, viz.: Cincinnati New Orleans A Texas Pacitio
$1,532,000 stock; Vicksburg A Meridian, $215,000 1st mortgage.
$105,000 2d mortgage, $116,500 3d mortgage, $1,461,300 preferred
$363,000 common stock; of Vicksburg Shreveport A Pacific
$3,692,000 1st mort., $1,931,000 incomes and $1,594,000 stock; of N. O.
A North Eastern $4,900,000 1st mort. and $4,320,000 stock. (V. 35, p.
”515; V. 36, p. 169; V. 38, p. 177.)
Alabama Great Southern.—Road owned from Wauhatcliie,Tenn.*
to Meridian, Miss., 290 miles; leased, Wauhatchie to Chattanooga, 6
miles; total operated, 296 miles. The Alabama A Chattanooga Railroad
stock and

made default January 1, 1871, and road was sold under foreclosure Jan.
Present company organized Nov. 30, 1877, and is under the
same control as the Ala. N. O. Tex. A Pacific Junction.
The lands were

22,1877.

conveyed

r

BONDS.

great favor by giving immediate notice of any error discovered In these Tables.

DESCRIPTION.
Miles
Date
For explanation of column headings, Ac., see note8
of
of
on first page of tables.
Road. Bonds

1st

AND

Atchison Colorado Ac Pacific.—Waterville, Kan., to Leuora,
Kan., 19 i miles; Greanleaf. Km., to Washington, Kan., 7 miles; Downs
Kan., to Bull City, Kan., 24 miles; Yum v, Kan., to Warwick. 31 miles
total, 254 miles. The road forms an extension of the Union Pacific Cen¬
tral Branch, by which the bonds are guaranteed and the road is con¬
trolled, and the whole system is virtually owned by Union Pacific, but
oj) Tafed by Mo. Pacific.
Stock, $1,526,800.
,

Atchison Jeivell Co. Ac West.—Jamestown, Kan., to Burr Oak,
Kan., 3 ! miles. Under same auspices and control as Atchisou Colorado
A Pacific.
Stock, $202,190, of which Union Pacific o .vns $105,099.

Atchison Topeka Ac Santa Pe. —Line of Road.
The system
is complicate 1 an l could be in icii niece cl larly shown by theCom
pauy’s niip in this Sufplemknt.
Main Line-Atchison to Kansas
State line, 471 miles.
Owned jointly with Union Pacific—Branch
to
Manhattan, 57 miles, and bran eh to Leavenworth, 46 miles.
Leased—Various branch roads iu Southern Kansas an l t> Pl easant
Hill, Mo, 468 miles; Kan. State L. to S. Pueblo. Col., 149 miles;
Pueblo to Roekvale, Col., 37 miles; La Junta to N. Mcx. State Line, 96
miles; Colorado St. L. to San Marcial, N. M., 354 miles; Lamy to Santa
Fe, 18 miles ; San Marcial to Doming, N. M., 123 miles; Rincon to Texas

line, 53 miles; coal roads, 15 miles; Las Vegas Hot Springs road, 6
miles; Texas line to El Paso, 20 miles; total leased, 1,319 miles. Total
operated directly, 1,820 miles. The road owned jointly with the Union
Pac., 103 miles; the Kan. C. Law. A So. Kau., 398 miles, controlled; and
the Sonora system, 33 ) miles, controlled—are not embruood in tlio miles
operated. Tne total mileage controlled is 2,620 miles.
Organization, Leases, Ac.—The A. T. A 8. Fo. Co. was incorporated
March 3, 1833, and in :!u les the, Atchison A Topeka RR incorporated
Feb. 11. 1839. The land grant was received by Act of Kansas Feb. 9,
1864.
The main line of 471 miles was opened Dec. 23, 1872.
The
whole system outside of the m tin lino is nominally under different, cor¬
porations, of which the ownership is vested in the A. T. AS. F., and the

full settlement to the holders of the $2,000,000 of Alabama
These lands (about 550,000 acres) are held by trustees.
(V. 30, p. 117.)
Capital stock—common, $7,830,000, and preferred 6
per cent, $1,750,000; funded debt, $1,750,000, and receiver’s certifi¬
cates, $178,000 (of which $134,000 in litigation) all valid certificates
allowed by U. S. Court paid on presentation.
Gross earnings in 183 2,
$3 63,418 ; net, $249,376. Gross in 1881, $789,376; net, $286, 424. (V.
roads also le isr-.d to that Co. and interest on the bonds usually paid as
36, p. 589.)
Albany A: Susquehanna.—Road owned from Albanjr, N. Y., to rental. Tae Kansas C. Law. A So. Kan. and the Sonora systems are not
Binghamton, N.Y., 142 miles; brauches operated—Quaker Street, N. Y., leased, but are controlled by ownership of the stock. Tlio A. T. A S. Fe
to Schenectady, 14 imies; Cobleskill, N. Y., to Cherry Valley, 21 miles; Co. has issued its own stock and bonds to purchase the stocks and bonds
of leased and auxiliary companies, and the balance sheet shows
operates Lackawanna A Susquehanna Railroa l, 22 miles; East Glen
ville to Coons, 10 miles ; total operated, 209 miles. Leased in perpetuity $15,784,550 so invested. The -fiscal year en Is Doc. 3 L. Tlio election of
from Feb.. 1870, to Delaware A Hudson Caual Co.; rental, 7 per cent directors is held in April.
An agreement was made in Feb., 1880, with the St. L. A San Fran., for
on stock and interest on bonds.
Additions and betterments charged to
lessors, and cost made part of investment. The Pennsylvania coal fields, the joint construction of aline to the Pacific, uudernaineof Atlantic A
by the joint use of the Jefferson ItR., give a large coal tratlic to the road Pacific. See Atlantic A Pacific.
Stock and Bonds—The stock has been increased rapidly to present
and to the other Delaware A Hudson'Leased roads north from Albany
to the Canada line.
The consolidated mortgage is for $10,000,090, of figures for the acquisition of the auxiliary lines and by way of stook
which $3,000,000 are 7 percents.
In 1883 some counterfeits of the 2d dividends. Dividends have been—in 1879, 3 percont; in 1880, 8*3; in
1881, 6 cash and 50 stock ^.in 1882, 6; in 1883, 6. Tnoranrein prices
mortgage bonds of 1885 were found and it was proposed to take up all of
that issue with consol, mortgage bonds. Gross earnings as reported to
stpek in Boston was—in 1881, 92#15414; in 1882, 787s®96jq; in
188 1, 7-'1-2 4)8 37s ; in 1384, to Feb. 16, 69^4>30.
State Engineer were in in 1881-2, gross, $2,274,014; net, $353,844;
Tiie land grant bonds receive the proceeds of land sales in payment of
surplus to lessee over all payments, $35,032.
In 1882-83, gross,
interest and prin dpal, and bonds are paid off accordingly. The A. T. A
$2,615,463 ; net, $935,256. (V. 3d, p. 250, 535.)
S. F. bonds have in several cases been issued to build the leased lines,
Allegheny Valley.—Owns from Pittsburg, to Oil City, Pa., 132 and the mortgage bonds of those lines are deposited with trustees as
miles; brauches—Red Bank, Pa., to Driftwood, 110 miles; others, 17 senility. The 4^ per cent bonds, due Oct., 1920, have the 6 percent
miles; total operated, 259 miles.
The company became embarrassed mortgage bonds of the Rio Gr. Mex. A Pac. and the R;o Gr. A El Paso
In 1874 and compromised with its creditors.
It still falls short roads as security, the sinking fund being l1^ per cent per annum rising
of earning interest liabilities. The amount of income bonds authorized to 3
percent by 1910. Tne 6 per cent bonds, due Dec. 1, 1911. have as
is $10,000,000; these receive all revenue left after interest on prior
security first mortgage bonds of the following roads: Elk A Chatauqua
lions, and any deficiency is made up by additional issues. Of the income RR. 7s, New Mexico A Arizona RR. 6s, Man. Alma A B irlingame 6s,
bonds the Pennsylvania RR., Northern Central and Philadelphia A Erie
M irion A McPherson 6s; and second mortgage bon Is—New Mexico &
hold $5,408,000, the interest on which is paid altogether in bond scrip; So. Pacific 6s, Marion A McPherson
6s; and are redeemable at 105 by
the bonds held by individuals are paid in casii and scrip convertible tiie sinking fund, which is l
per cent per annum for 10 years and 2 per
into income bonds. In 1882 the
cent thereafter. Tiie 5 per cent boil Is, due April 1, 1009, are secured
charges for mortgage interest and car
trust payments
were $1,143,987;
income bonds, $583,414; total, by the N. Mex. A So. Pac. 1st mort. 7s. The 5 per ot. lion Is, due Sept. 1,
$1,727,402; deficit in net earnin gs, $340,79 8. The debt due to Pennsyl¬ 1920, are secured by the K. City Top. A West. 1st mort. bonds and stuck.
vania RR. is $3,539,305.
(See annual report, V. 36, p. 622.) The earn¬ Oh other bonds the interest is paid as rental. Such bonds as are held in
ings, Ac., for two years were as follows:
the company’s treasury, or leased line bonds held as collateral for any
Years.
Pass. Mileage. Freight Mileage. Gross Earnings. Net Earn’ge. of its own bonds given above, are not included in the above amounts
17.292.869
127,615,267'
$2,169,786
$991,672 outstanding. The Sonora RR. in Mexico (262 miles) 1st mortg. bonds
19,141,989
153,860,833
2,356,698
836,603 are guaranteed. The Leavenworth Topeka A Southwest. RR. bonds at 4
-(V. 35, p. 404; V. 36. p. 399, 622; V. 37, p. 375.)
per cent aro guaranteed ono-half- by the At. Top. A S. Fe and one-half
Amador Branch.—Galt, Cal., to lone, Cal., 27 miles. Lease 1 till by the Union Pacific.
Land Grant—The'lands are in Kansas granted by Act of Congress
Nov. 1, 1890, to Cent. Pacific; rental $3,500 per month.
Stock, $675,March 3, 18!) i, and Kins is, Feb. 9, 18 >4. Land sales in 1833. 322,221
OOO. Leland Stanford, President, San Francisco.
acres for $1,155,633, being an average of $3 58 per acre; Assets De¬
Asheville Ac Spartanburg.—From Spartanburg, S. C.f to Ashe
cember 31, 1832, $1,561,092 contracts and 1,532.699 acres yot unsold.
ville, N. C., 67 miles, of which 49 miles, to Hendersonville, iu operation.
Operations,
Ac.—Tiie A.
F. has been one of the
Formerly Spartanburg A Asheville; sold in foreclosure April, 1831, and most successful Finances,built into newT. A 3.
of roads
territory, where a monopoly of
reorganized. Stock $1,050,000. In 1833 the mortgage for $500,000 business has
produced large net eirninrs. Tne connection with the
was made to build the 18 miles to Asheville.
Controlled by Richmond A Atlantic A Pacific took effect for business in
Oct., 1383, and the results
Danville. Gross earnings iu 1381-82, $39,721; net, $670. (V. 36, p. 453;
from that, as also from the connection with Mexican Central at El Paso
V. 37, p. 555.)
as that line is extended, rem tin to be seen.
The report for 1382 said:
Ashtabula & Pittsburg.— O ,vna from Youngstown, O., to Aslita
“The responsibilities assumed by the Atchisou Co. on account of the
bula Harbor, O., 62 6 miles.
Organized as Ashtabula Youngstown A construction of the two divisions of the Atlantic A Pac. RR. are: 1st—
Pittsburg in 1870. Defaulted and property sold August 21, 1878. One-half the loan u *cessary to complete and equip the line. 2d—A
Existing company organized Sept. 25, 1873, and it is leased by Penn. rebate of 25 per cent of Atchisou earnings on business done
by the Atch.
Co., which pays net earnings to A. A P. The common stock is $958,591 Co. going to or coming from the Atlantic A Pacific.” * * * “ The fol¬
and preferred $700,000; par of shares, $30.
Gro is earnings in 1882, lowing is a brief summary of the entire Atchisou proporty as it will be
$343,185; net, $112,293. Gross in 1331, $447,037; not, $163,403; when this report reaches the stockholders (March, 1883): A line of road
interest, $90,000.
reaching from three eastern termini ou the Missouri River, Kansas City,
tn

State bonds.




.

February,

RAILROAD

1884.]

Subscribers will confer

a

STOCKS

1

Miles

explanation of column headings, Ac., see notes
on

first page of tables.

of.

of

Size,

INTEREST OR

or

Amount

par
Value.

Outstanding

Rate per
Cent.

When

Pay’ble

DIVIDENDS.

Where Payable, and by
Whom.

Bonds—Princi
pal,When Due
Sto cks—Last
Dividend.

S.Fe—(Continued.)—
+3

.

<

134

$1,000

1879

$1,942,200

1,000

1879
1879
1877
1877
1882
1878
1880

1,000

532,000
798,000
713,000
120,000
310,000

—

ss-a
S

....

j

....

Pleasant Hill A De Soto, 1st M., gold......
Florence El Dorado A W., 1st mort., gold

Mortgage bonds

Income bonds, registered (not cumulative)
Atlanta d West Point—StoeK
Debenture certificates
Atlantic (true. -1st mort. g..W. D.(s.f.) $25,000 p.m.
Income bds., nou-cum tive, ($18,750p.m.).
1st RR. A land grant bonds on Central Division.
1st land grant bonds on Central Division..
New 1st mort., road and lauds, Central Div
New Income bonds, Central Division
Atlantic d St. Lawrence—Stock ($5,458,552 stg.)..
......

.

1st mort. to City of Portland (sinking
2d mortgage, sterling, 5-20 years—

44
31
50
295
262
269

J 0

Leavenworth Topeka A S. W.—1st mort., *3 guar.
N. Mexico A So. Pac.—1st M., gold, guar, rental..
Sonora RR., 1st mort., gold, guar. ($20,000 p. m.)
Atlanta d Charlotte.—Stock (guar. 5 p ct. by rental)
New pref. mort

do

1878

....

Kansas City Emporia & S., 1st mort
Cow. Sum. A Ft. Scott, 1st mort
Marion A McPherson, 1st mort

do

Date

Road. Bonds

Pueblo & Ark. Val., 1st (A 2d on 148 in.).. ) ®

3d

17

*

265*2
265*9
....

1,000
500

1,000
1,000

1877
1877
1880

-

1,000
1,000
500
100

87
....

560
....

99
....

65
....

151

fund)

690.000

1,000
1,000
100

....

issi

7 g.
7
7
7
7 g.
7 g.

i

....

1880
1880
1871

4

4,425,000
4.050,000
1,700,000
500,000
4,250.000
750,000
1,232.200
1,232,200

7
7
2
7
7
6
3
6
«
6
6
6
6
6
3
6
6
6

....

....

....

do

Augusta d Savannah—Stock

Austin d Northwestern (Tex )—1st mort

Bald Eagle Valley—Gen’l mort.,(s. f. $4,000 per yr.»

150
150
53
60
80

1871

i
1

£100 j
100

i

....

18S0

|

1,000

!

1

i

1
Atchison anil Leavenworth, to

(1) the best portions of the eastern anil
southern part of Kansas, in which State alone more than half its mileage
is located; (2) to Pueblo, where for all time it will afford to the 1,200
miles of narrow gauge system of the Rio Grande road its short, st and
cheapest connection with tlie East; (3) at Pueblo it connects also with
the standard grange system of the Rio Grande road for Denver and the
country tributary thereto; (1) to Albuquerque, win re it connects with
the Atlantic A Pacific route to San Fr ncisco, Ac ; (5) to El Paso, where
it connects with the Mexican Central system of 1,500 miles or more now
being constructed ; (0) to Doming, where it connects with the Southern
Pacific route to Southern California; (7) toGuaymas, on the Gulf of Cali¬
fornia, where a not inconsiderable business awaits development. Of
this 2,620 miles of road, about 1.700 miles are now in steel rail. The
iron rail remaining is almost exclusively on branch roads. The whole
road, having all the facilities for doing business, is well constructed and
tn excellent condition, and possesses an equipment of nearly 10,000 pas¬
senger and freight cars and 318 locomotives.
The territory tributary
to this road can be more readily protected, and is less subject to invasion,
than that usually readied by railroad lines.”
The earnings have increased rapidly and also the stock and bonds, but
the most remarkable feature of operations is the variance in.percentage
of expenses to 'darnings, viz., in 1870, 46*o per cent; in 1880, 50'h : in
1881, 037b; in 1882, 58V Tn 1883 gross earnings were $15,S<>7.669.
net $3,216,853; against $14,773,365 gros> and $6,110,549 net in 1882;
an increase in gross in 1883 of $1,094,364, but an increase in net of
$7,10(5,309.
A summary of the annual report for 1883.was published in the ChronInconie, etc., for four years were as follows:

A
A
A
A
A
A

J. Boston, Nat.Bk.of N.Ain
J. Boston, North Nat. Bk.
0.
do
do
O.
do
do
O. Boston, Everett N. Bk.
0. Boston, Bk. of No. Am.

A.
J.
M.
A.
J.

July 1, 1905
July 1, 1909
Oct. 1, 1909
Oct. 1, 1909
1907

July 1, 1907

i,

A 0. Boston, Everett Nnt.Bk. April
1909
A J.
Boston.
g.
1910
A S. N.Y. Central Trust Co.
Sept., 1883
A O.
do
do
April 1, 1897
A J.
do
do
Jan. 1, 1907
A. A O.
do
do
April i, 1900
J. A J. Atlanta, Ga., atTreas’v. Jan.
15, 1S84
J. A J.
do
do
1891
g- J. A ,T. New York and Boston. July 1, 1910
A. A O.
Oct. 1, 1910
M. A N.
New York.
Nov. i; 1891
At Mat.
do
Nov., 1901
M. A S.
do
March 1, 1922
J. A D.
June 1, 1922
M. A S. London, Gr. Trunk Rw.
Sept. 15, 1883
M. A N.
Nov. 2,' 1888
A. A 0. London, Gr. Trunk Rw. Oct.
g.
1, 1884
M. A N.
do
g.
do
May 1, 1891
J. A D.
3*2
Savannah.
Dee. 4, 1883
6
6
J. A J. Pliila.,F.Ins.Tr. AS. Dep. Jan. 1. 1910

1,000Ac. 13,128,000
50 Ac.!
8,282,000
500 Ac. 1
1,189,905
1
1
796,629
1882 1,000Ac
312,000 |
1882
50 Ac.
78,000
£100 i
]
5,484,000 !
i
787,000 !
i 864 : £100 j! 1,499,916 !
....

J.
J.
A.
A.
A.
A.

712,932 i
733,700 !
420,000 i
398.000

j

1

g.

!

Atch. Top. d

BONDS,

great favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.
For

AND

and the advances so made constitute a loan to he
repaid by the A. A P.
with interest. The stock authorized is
$100,000,000, ami issued $51,510,300 (par $100). mostly owned oy the Ateh. Top. A Santa Fe and the
St. Louis A San Francisco
companies equally, ami held in trust for
those two companies, fn June, 1883. a
syndicate took $10,000,000 at
15, with an option on i$10.03t),0(>0 more at 20. The stock is classed
thus: Western Div., common stock,
$31,750,000; Cent, and Mo. divs.,
common stock, $8,b60,300, pref.,$l
1,400,0 JO. Tiie. old preferred stock
has no preference over the A. A P. Western
Division stock. Sec state¬
ment in V. 36, p. 588.
The Southern Pacific built east to meet this road at the Colorado
River,
and agreed to pay to the Atlantic A Pacific 25
per cent of its gross earn¬
ings oil through business to and from the Atlantic A Pacific
iine, which
is to be applied to the
payment of interest on the Atlantic A Pacific bonds,
the same as the 25 per cent from the At.
Top. A S. Fe and the St Louis
A Sail Fran, companies. The land grant claimed under
the old Atlantic
A Pacific chat ter of July, 1866, is 25,600 acres
per mile in Territories
and 12,800 acres in States. The total laud grant on the whole
road, if
constructed as under the charter, would be 42,000,000 acres. The
pro¬
ceeds of sales of the company’s lands are to be
lodged with the trustee
under the mortgage, and are applicable to the
purchase and cancella¬
tion of the first- mortgage
bonds whenever they can be obtained by
public advertisement at not exceeding 110 and interest. The bonds
are not subject, otherwise, to lie drawn or
paid before maturity. They
are receivable at
par in payment for lands.
A map of the land grant
was published in the Chronicle, V. 36,
p. 468.
The fiscal year ends December 31.
The annual report for
1882

was

published

some
length in the Chronicle, V. 36, p. 588,
the balance sheet and the history of the financial
•$
Earnings—
$
$
$
arrangements of the company.
The following was stated of the Cent¬
Passenger
1,786,901
2,970,608
ral Division: “Final surveys
3,662,576
were commenced for the extension west
6.499,981
Freight
9,051,623 10,537.201
of Vinita, rmlian Territory,
in Nov., 1881. Grading westwanlly from
Mail, express, Ac
562.278
270,094
Vinita was begun in January. 1882; the track
573,528
completed to Red Fork,
on the Arkansas River, U.»2 miles west of
Seneca, Mo., in Sept,, *82; and
Total gross earnings.. 8.556,976 12,584,509
14.773.305 15,867,669 85 miles of the road west of Seneca have been
accepted by the Govern¬
Total operat’g expens. 4,374,287
8,063.326
8.662,756
7,650,810 ment. Of the cost of this division t he sum of‘$600,000 was provided
by
the subscription at par. Jan. 20. 1882, to the first
Net earnings
4,182,689
4,521,183
6,110,549
mortgage bonds of this
8,216,859
division: and t lie balance has been temporarily-advanced from funds
INCOME ACCOUNT.
of the Western Division. The Central Division is at
present operated by
Receipts—
.$
$
$
$
the St. Louis A San Francisco Railway
Net earnings
Co., which furnishes the neces¬
4,182,689
4,521,183
6,110,549
9,216.859' sary
equipment. Tt is the intention of the company to proceed with the
Rentals and interest..
54,095
130,715 i construction of this division westward
from Rod Fork.
i
Sundry credits
120,148
230,781
229,937
At the date of re-organization there were
U.S.aiid pools 1880-81
outstanding $1,189,500 first
611,295
mortgage bonds of this division. The financial plan of Jan. 9, 1882
provides for a new mortgage upon the entire property of the Central
Total income
4,302,837
4,751,020
7,006,720
8.347,574 ! Division. Tin* issue of bonds is
limited to not exceeding $25,000 per
Dish urscmen is—
$
$
$
$
mile of road.
Interest upon these bonds is guaranteed bv a traffic con¬
Rentals paid
861,273
8 24.859 t
774,740
tract with the St. Louis A San Francisco
1, i < o
Interest on debt
Railway Co. and the Atchison
734,527
866,663
1,122,316 >
Topeka A Santa Fe RR. Co., similar in its nature to that relating to the
Dividends
1,841.021
1,727,195
3,324,793
3,414,562 Western Division first
Rate of dividend
mortgage bonds. The financial plan above-named
6
8*2
6
6
provides for ail issue of
of these new bonds, to In* used as
Sinking funds
232,603 follows: 1st.—To retire $3,000,000
132,030
the outstanding issue of old bonds of flie Central
Sundry debits
35,125
4,494
486,331
467,"0 ) Division, by exchange or
purchase. 2d.—To provide means for the con¬
struction of the Central Division from Vinita, Indian
Tot. disbursem’nts 3,361,120
Territory, west¬
3,618,948
5,928,857
6,639,135 ward.
Ninety-nine miles of this division having been completed, the
Balance, surplus
941,717
1,132,072
1,077,863 *1,703.439 company is entitled to issue $2,475,000 of these bonds; $1,190,000 have
* This surplus is to he disposed of as follows: To reduction of values been deposited with the Central Trust Co. of New York, trustee under
of materials on hand, $200,000; to establishment of insurance
fund, the mortgage, to provide for the old bonds outstanding, either by ex¬
$250,000; to credit renewal account, $500,000; to credit income ac¬ change or purchase; $312,000 have been issued under the subscription
of Jan. 20, 1882; $288,000 are ready for
count, $753,436.
delivery under the subscrip¬
—(V. 36, p. 251, 397, 399, 451, 559; V. 37, p. 22, 127, 266, 375, 639; tion ; and $6S5,OOOT’emain in the hands of the Treasurer, the proceeds
of which will be used to
V. 38, p. 29, 86. 202.)
repay the amount temporarily advanced from
Atlanta & Cliarlotte Air Line.--Owns from Charlotte, N. C., to funds of the Western Division.”
Officers of the company: H. C. Nutt. President, Boston; E. F. Win¬
Atlanta, Ga., 269 miles. Successors of Richmond A Atlanta Air-Line,
slow, Vice-President, New York; C. S. Tuekerman, Secretary and Treas¬
which was sold under foreclosure December 5, 1876, and the
existing urer. Boston. (V. 36, p. 18, 55, 107, 139,
339, 468, 526, 559, 588, 651,
corporation was formed February 27, 1877. On March 26, 1881, the
674, 707, 731: V. 37. p, 22, 151, 343, 423; V. 38, p. 29.)
road was leased to the Richmond A Danville at a rental of
$162,000
Atlantic Ac St. Lawrence.—Owns from Portland, Me., to Island
per year, equal to the interest on debt and 5 per cent on stock; if
gross earnings of A. & C. A. L. exceed $1,500,000, dividends to he 6 Pond. Vt. (and branch), 151 miles, there connecting with Grand Trunk
of Canada, to which leased for 999 years, August 5, 1853, at
they exceed $2,500,000, 7 per cent.
a rental
igs in
882-f I |
-^...w-83, $1,074,016; net, $397,174; rental,per
$466,500; loss to R A D. equal to bond interest and 6 per cent on stock. The bonds to city of
Portland are now provided for by accummu’ations of
$69,325. <V. 37, p. 48, 555.)
sinking fund.
Atlanta & West Point.—Owns from East Point, Ga., to West Gross earnings in 1881-82, $957,659; net, $119,843. ’ Gross in 1882-83,
$1,017,284; net, *156,072.
Point, Ga.. 81 miles; leased, 6V miles; total operated, 87*2 miles. Tn
April, 1881, a controlling interest in the stock was purchased for the
Augusta Ac Savannah.-Owns from Millen to Augusta, Ga., 53
Central Georgia, and a stock dividend of 100 per cent was afterward milos. Leased to Central of Georgia for $73,000 per annum. Has no
declared in debenture certificates. Gross earnings in 1881-82, $430,010; bonded debt.
net, $175,494; in 1882-83, gross, $406 192; net, $154,810.
Austin & Northwestern.—Line of road, Austin, Tex., to
V. 37, p.
Burnet,
127.)
Tex. 60 miles. Opened Jan. 1, 1882.
Has a land grant of 600,000
Atlantic Sc Pacific.—(See Map.)—This company was chartered by acres. Stock, $600,000. J. A. Rhoimberg, President, was appoin ted
Act of Congress July 27, 1866. The Western division is from
Jsleta, near receiver Oct., 1883. (V. 37, p. 423.
Albuquerque, on Atchison Top. & Santa Fe, to Big Colorado River, 560
Bald Eagle Valley.—Owns from Vail Station, Pa., to
Lockha'ven,
miles, where it meets the Southern Pacific. Opened for traffic Oct., Pa., 51 miles; branch,
Milesburg, Pa., to Belief on te, Pa., 2*3 miles;
1883. Also the Central Divison finished from Seneca,
Mo., to Red Fork Snowshoe to Sugar Camp, 26*3 miles; total operated. 80 m'iles. Opened
in the Indian
Territory, 102 miles, and is projected westward to a junc¬ December 7,1864, and leased to Pennsylvania Railroad Company for 99
tion with the Western Division.
years.
The branch is the property of the lessors. Rental, 40 per cent The Atch. Topeka & Santa Fe and the St. Louis A San Francisco of
gross earnings, and in 1882 was $182,805; paid interest, $25,000,
companies guarantee 25 per cent of the gross earnings over their and dividends (9 per ceiil), $76,504. In
Jan., 1884, 5 per cent paid.
respective lines on business to and from this road, one year after its Stock is $850,050
(par $50), and dividends are paid "aocording to
completion, provided its own earnings are insufficient to pay coupons, earnings.
D(J88

1880.

1881.

1882.

1893.

?

?er cent; and if they exceed $2,500,000, 7




cent. Gross earnin

at

giving details of

*

<1

"I

Tj

MS-***
'''

V

w.„
o'Vs

•

KAILROD

■Am
.

...

.

f—v

.

i.VvfW'

rP rVotit'yf

STOCKS

rn
( * V

•;"?:^ei
V.' ..);■!' vj#
V;:!. ■ •. ^

i'!'

■

AND

Wg

BONDS
_'

,

•

■

v: -.^v

MAP OF THE

[7ol.

ATLANTIC & PACIFIC
RAILROAD

xvi.

AND CONNECTIONS.
XtatlroaHsgrctfccieU




or In progress mh

na»

wjmmmmmm

i'.w'hi

RAILROAD

February, 188 4. J

STOCKS

AND

BONDS.

Subscribers will confer a great flavor by giving Immediate notice of anv
DESCRIPTION.
For

explanation of column headings, Ac., see notee
on first page of tables.

Baltimore <&
.

Miles
Date Size, or
of
of
Par
Road. Bonds Value.

1,612

Ohio—Stock

preferred stock
Loan due in 1880, extended
Loan, 1853

....

.

.

.

....

1870 .sterling, £800,000, sink, fund
Baltimore loan, 1855-’90, sink, fund
Sterling mortgage, sinking fund
Sterling mortgage, sinking fund
Purehaeeof Connellsv. RR (payable$40,000y’lyi
do

Loan,ster.,(s.f.£7,500)(B.O. A Cli.bds collat’J)
Bonds (Parkersburg Branch bonds collateral)....
Northwestern Virginia, 3d mortgage, 1855-85 ...
Bonds to State of Maryland
Sterling mortgage on Philadelphia Branch
Baltimore & Potomac—1st M (tunnel) gold, s. f. 1 p. c.
lstmort., road, gold, coupon, s. f. 1 per cent
2d mortgage, income, road and tunnel, reg
Belleville ct El Dorado-Is t(int. guar. St.L.A.&T.II.)
2d mortgage
Belleville & South. III.—1st M. (int. & s. f. guar.)
Belvidere Del.—1st mort. due 1877, extended, guar.
2d mortgage bonds of 1854 (guar, by C. & A.)
3d mortgage bonds of 1857 (
do
do
)
Consol, mortgage of 1876

Bennington <£• Rutland— 1st mortgage
Berkshire—Stock
Boston <f* Album/—Stock
Plain bonds, coupon or registered
Loan of

.

....

....

411
421
....

263
104
•

•

•

•

....

1^
89
90
52
52
56
64
64
64
67
59
22
369
....

1875, coupon or registered

....

Bends issued to State for its-stock

....

1853
1870
1855
1872
1874
1875
1877
1879
1855
1878
1883
1871
1871
1875

....

....

....

£100
£200
....

£200

1,000
....

£200

1,000
1,000
....

1880
1866
1877
1854
1857
1876
1877

....

1,000
500
500

1,000

1,000
100
100

....

1872
1875
1882

1,000

1,000

Baltimore & Ohio.—Line of Road—The B. & O. system embraces

roads in Md., Va., Pa. A Ohio, which coidd only be clearly
shown in the Supplement by a map. By means of the Marietta & Cin¬
cinnati, via Parkersburg, the road has a direct route to Cincinnati.
Mileage is as follows: Balt, to Wheeling (main) 379 miles; Branches—
To Locust Point 5, Camden cut-off 1, Junction to Frederick City 3, Point
of Rocks to Washington 43. Curtis Bay Branch. 5 milos, Washington. Pa.,
to Pittsburg, Pa. (narrow guage), 38 miles, Bridges 3; total owned, 478;
branches leased—Hyattsville to Shepherd, Md., 13, Winchester to
Harper’s Ferry 32, Winchester to Strasburg 19. Strasburg to Harri¬
sonburg 50; total branches leased, 114; total B.AO. main and branches
553: leased, controlled and operated—Relay House to Washington 31,
Grafton to Parkersb’g, W.Va., 104, Wheeling to Washington, Pa., 32,
Pittsburg to Cumberland,Md., 150, Berlin Branch RR 9, Mineral Point
to Johnstown 46, Weavert’u to Hagerstown, Md., 24, Harrisonburg to
Staunton 26, Broadt'ord to Mt. Pleasant, Pa., 10, Connellsville. to Union-

Bellairo to Columbus, O., 137, Sandusky to Newark, O.,
So. RR., 53, Newark, O., to Shawnee, O., 44, Chicago Junc¬
tion, O., to Illinois Junction. Ill., 263; total leased, Ac., 1,059; total
operated, 1,650 miles. The B. A O. is constructing a lateral road from
near Baltimore northward to be known as the Philadelphia branch.
It
will connect with the Balt. Si Phila. Railroad now being built through
the State of Delaware, by way of Wilmington, and so on to Philadelphia.
Organization, Leases, Ac.—The corporation was chartered in Mary¬
land Feb. 28, 1827. and in Virginia March 8, 1827. First section opened
May 24, 1830. The company was as-isted by loans from the City of
Baltimore; The relations with the auxiliary branches and leased ro.uls
are complex, but the B. A O. virtually owns nearly all of these east of
the Ohio River, and the total charges foi* rentals and guarantees are
moderate. In tSS2 the stocks and bonds of allied companies held were
$24,379,700 (of which $7,185,070 woio held by trustees). The company
baa been exceptional in not increasing its own stock or bonds for new
properties acquired, and had a nominal hut plus to credit of income
account Sept. 30, 1883. of $15,763,479.
Fiscal year ends Sept. 30.
Stocks and Bonds—The pref. stock carries 6 per cent dividends
only.
The common stock has paid-in 1877, 8 per cent; in 1878, 8 in stock ; in
1879, 4 stock and 4 cash; 1880,9; 1881,10: 1882, 10; 1883, 10. The
price of stock in Baltim >re in 1881 was 183 <2210; in 1882, 193 S 202;
m
1883, 192 3-205 ; in 1884 to Feb. 16, 1974 3> 199.
The Baltimore
Si Ohio direct
bonds of
Branch are secured by deposit of mortgage on

1879

187-2390

Cent.,

Payable

5
3
4
6
6 g.
6 g.
6 CT.
6 g.

6
5 g.
6
6
6

44

7

330,000
1,053,000

6

1,000,000
499,500

g.
6 g.
6 g.
6

8
6
6
6

745,000
1,200.000

7

475,000

7

600,000

1^

20,000,000
5,000,000
2,000,000

M. A N.
J. A J.
J. A J.
A. A 0.
M. A 8.
J. A J.
M. A 8.
M. A N.
J. A J.
J. A D.
A. A O.
J. A J.
J. A J.
A. A O.
J. A J
A. A O.
J. A ,T.
J. A J,
F. Si A.
A. A O.
J. A D.
M. A S.
F. A A.
J. A J.
xM. A N.

Q.-J.

o

7
6
5

3,858,000

numerous

When

11,616,000
1,500,000
3,000,000
2,000,000

1879-320.

1,000

....

Rato per

220,000

1,000

1880

1,710,000
2,272,588
2,575,000
7,668,901
8,593,640
680,000
7,48 1,000
3,000,000
140,000
366.000

....

i

town, Pa., 14,
116. Pittsburg

Outstanding

579.500

....

discovered In these Tables.

INTEREST gk dividends.

Amount

$100 $14,792,566
100
5,000,000

....

error

19

Q. -J.

Where

Xtis/tUo—lilUUl*

pal,When Due,
Payable, and by Stocks—Last
Whom.

Dividend.

Baltimore, Office.
Balt., Merchants’ Bank.
Baltimore, Office.
do

do
London.

Baltimore, Office.
London.

Nov.

1. 1883

Jan., 1884

Mch. 1, 1902

London, Speyer Bros.

1910

Baltimore, Office.
Lon.. J. S. Morgan A Co.
Balt. AN.Y..D. M A Co.
Balt., Balt. A O. RR. Co.

1884-1900
June 1, 1921

do

do

London.
or New York.
Baltimore.
do
N. Y. St. L A. A T. II.
do
do
N. Y„ 37 Wall street.

London

Philadelphia, Pa. RR.

do
do
do
do
Treasurer. Trenton,N.J.

N.Y., Union Trust Co.

Stockbridgc, Treasurer.
Boston, Office.

F. A A.
J. A J.
A. A O.

do
do
do

s

April 1,1919
1885

July 1, 1888
April 1, 1933

July 1, 1911
April 1, 1911
Jan.

1.

1915

July, 1, 1910
Aug. 1, 1920
Oot. 1, 1896
1902
1885
1887
Jan. 1, 1916
Nov. 1, 1897
Jan. 10. 1884
Dec. 31, 1883
Feb. 1, 1892

July 1. 1895
April 1, 1902

/—Earnings, 1881-82—s -—Earnings, 1882-83.—.
Gross.

Net.

Gross.

Net.

Main Stem, Sic

$10,556,570 $4,572,944 $11,579,839 $5,432,183
Washington Branch..
354,356
221,254
346,505
222.247
624,665
103,071
Parkersburg Branch
738,527
260,061
Central Ohio Division
987,402
314,932
1,103,833
387,788
Lake Erie Division
940,769
234,701
999,122
291,781
1,692,007
Chicago Division
446,407
1,878,167
573,503
Pittsburg Division
2,979,789 1,542,125
2,813.172 1,478.274
*
Wheeling Pittsb. & B.
59,380
1,150
72,090
32,020
Pittsburg Southern'..
43,787
8,450
Newark S. & S. RR...
188,937
13,078
164,781
19,511
.

....

.

.

Total
$18,383,875 $7,454,662 $19,739,837 $8,705.823
From November 1, 1882.
The aggregate working expenses of the Main Stem, with all branches
and divisions, wore 55*89 per cent of the wholo gross revenue, against
59*44 per cent the preceding year. Results of operating all line* owned
and controlled for the five years 1878-83 *
Years.
Gross Earnings.
Net Earnings.
Operating Expenses.
*

$14,193,980
18,317,740

$7,691,595=54*18
10,330,770=56*39

p. o.

$6,502,385

7.986,970
11,390,479 = 01*69
7,073.398
18.383.875
10,920,213=59*44
7,454,662
19,739,837
11,03 4.01 1 =55*89
8,705,823
-(V. 36. p. 426; V. 37, p. 510, 576, 593, 639; V. 38, p. 114.)
Baltimore & Potomac.—Owns from Baltimore. Md., to Bowie,
Md., 24 miles; Bowie to Pope’s Creek, 49 mi!es : branch—Bowie to
Washington, D. C., 17 miles; total operated, 90 miles, including
tunnel in City of Baltimore. The road is controlled by the Pennsyl¬
vania Railroad Co., and first mortgage bonds guaranteed by Pennsyl¬
vania and Northern Central. Capital stock, $3,553,250, Gross earnings
in 1883, $1,156,419; net, $347,128; profit over iuterost, Ac.,
$73,282.
In 1882 gross earnings, $1,097,008; profit, $63,833.
Income bonds
wholly held by Penn. RR. Co.

18,463,877

Belleville & El Dorado.—An extension of Belleville Si So. Illinois
from Du C^uoin to El Dorado, 52 miles, and leased to St. L. Alton Si Terra
Haute. Rental 30 per cent of gross earnings up to $2,500 per mile, and
15 per cent on all above that amount.
Rental received for 1881,

Parkersburg
The sterling $14,640; 1882, $22,206. Stock, $1,000,000.
Belleville A; Southern Illinois.—Owns from Belleville, Ill., to
mortgage of 1883 is ma le to William F. Burns, John Gregg and T. Har¬
rison Garrett, tr/.^tecs. The bonds of 1877, due 1927, arc secured by Duquoin, III., 56 miles. It was leased Oct. 1, 1866, to theSt. Louis Alton
&
the mortgage bonds of the B. O. Si Chic, romt deposited as collator. 1.
Terre Haute Railroad Co.
Lease rental 40 per ocmt of gross earnings
Operations, Finances, Ac.—The fiscal year ends with Sept. 30, and up to $7,000 per mile (except on coal. Ac.), 30 per cent above $7,000 and
for 1882-83 an abstract; of the report was given in the Chronicle, Vol.
up to $14,000 per mile, and 20 per cent on any excess of $14,000 per mile.
37, page 593. The reports do not contain a condensed statement, show¬ Rental for 1880, $147,311; for 1881, $116,662; for 1882, $167,990. In¬
ing the earnings of all tin* lines on freight, passenger and other busi¬ terest on bonds and sinking fund$5,000 per year, guaranteed by lessees.
ness separately.
The. iucome account of the B. Si O. RR. Co. showed a Common stock, $430,000; prof. 8 per cent stock, $1,275,000, non-cumuIwilauee of $1,855,821 for the year 1882-83, alter paying all charges and I lative. Dividends on preferred stock past three
years have been—64
10 per cent dividends on ils stock, which balance added to that of
i May, 1883; 5 4 in 1882; 44 in 188L.
prior years made the.* total surplus account $15,7b3,479. The complete
Belvidere Delaware.—Owns from Trenton, N. J., to Manunka
annual report of the company for the year ending 8ept. 30, 1883, had
not been issued by Feb. 16, 1*84 : the income account for the previous Chunk, N. J., 67 miles; Miliham Cut-off, 1 mile, Flemington RR., 12
miles; total operated, 80 miles. Leased to-United Companies, and trans¬
fiscal yi nr, 1881-82, was as follows:
ferred to Pennsylvania RR. March 7, 1876, by which operated as their
Not earnings from transportation.
$1,572,914 Belvidere Division, and net earnings paid over as rental; but the first,
second and third bonds are guaranteed.
1883 net earnings were
Receipts irom other sources—
Dividend of 10 p. o. for year on Wash. Br. stock... $102,800
$ <68,259, and interest payments $268,950.
In 1882, net $506,455;
Increment from city loan sinking fund, net amount
interest, $263,022. Capital stock, $993,950.
28,779
House rents received during fiscal vear
19,296
Bennington A Rutland.—Owns from Rutland to Bennington,
Increment from sinking imid, W. C. Si P. L. RR
5,155— 156,030 Vr., 57 miles; branch, No. Bennington to New York State Line, 2 miles;
total, 59 miles.
Chartered as West. Vermont in 1845, and consolidated
Available revenue
$1,72',974 in Harlem Extension in 1870. Since Sept. 10,1877, the Vermont division
Payments-—
(as above) operated by the re-organized Bennington Si Rutland.
Stock
Dividends 10 per cent
$1,478,355
$1,000,000 authorized (par $50), and $502,000 issued, and bonds $475,Interest and taxes
$3,052,014
O00.
In 1883 gross earnings $235,916; net $43,593; in 1882, gross
Less cash receipts ami net earnings of
$222,963; net, $74,453. 2 per cent dividend paid Dec., 1883.
B. A O. Si C. RR
1,720,5G8—1,331,447
Berkshire.—Owns from Connecticut State Line to West StockGround rents
38,454
bridge, Mass., 22 miles. Leased in perpetuity to Ilousatouic Railroad
Rental of Winchester Si Potomac RR.
$27,000
Company at 7 per ct. on capital stock, $600,000. Lessors pay taxes, Ac.,
Do
Winchester Si Strasburg RR
5,229
and lor this reason the quarterly dividend duo in Oct. is usually omitted.
Do
Strasburg Si Ilarrisoub.RR,
89,250
Boston A Albany.—Owns from Boston, Mass., to Albany, N. Y.,
Do
W.City Si l’t. Lookout Rli..
36,000— 157,479
202 miles ; Springfield to Athol, 49 miles ; numerous branches, 52 miles ;
Central Ohio Division
30,658
Btraitsville Division
43,603—3,079,906 leased lines, 74 miles; total operated, 374 miles. The Boston Si
Albany was formed (Dec., 1867) by the consolidation of the Boston
railroads. The live per cent bonds of 1882
Balance, credited to profit and loss
$1,648,978 & Worcester and the Western
were issued to t lie State of Massachusetts in exchange for 24,115 shares
An abstract of the last annual report is given in the
Chronicle, Vol. of B. Si A. stock held by the State, and in September, 1883, a stock divi¬
37, p. 593, and jc:.»itains the following remarks: “Ti o coal trade of dend of 10 per cent was made to stockholders. In 1881 and 1882 the
the main stem shows an aggregate of 2,581,557 tons, whiefi includes loss in net
receipts was partly owing to the fierce competition between
409,659 tons for the company’s supply. Of this quantity that trans¬ the trunk lines, which reduced the rates on through traffic. Last annual
ported for the public, delivered in Baltimore, is 1,654,821 tons, and report in V. 37, p. 478. Results of operations lor four years as follows:
that delivered at local and Western points, 517,041 tons.”
Passenger Freight (toil)
Gross
Net
Div.
The tonnage of through merchandise East and West was as follows in Years. Miles.
Mileage.
Mileage.
Receipts.
Receipts.* p. ct.
each of the past ten years : 1874, 752.256 ; 1875, 872,101;
373 113,154.374 375,452,804 $7,741,118 $2,492,618
1876,1,093,8
393; 1877,1,047,645; 1878; 1,149,499; 1879,1,425,629; 1880,1,930,373 135,421,102 417,103,612
7,875,285
2,186,873
8
397 ; 1881, 2,014,110 ; 1832, 2,043,227; 1833,
369 151,255,032 3/4,317,338
7,790,372
2,108,325.
2,189.381
8
The gross and net earnings of the main stem and its
369 15 / ,2o5,971 373,535,456
branches, and of
8,539,875
B
2,380,971
*
..e other
divLdeiis, for the last fiscal year, as compared with 1881*82,
Net receipts include income from rents, Ac.
.

,.

were as follows




on

that road.

;v. V-7,

i>.

312, 415, 478.)

1

At will.
1885
1895
1890

RAILKOAD

20
Subscribers will confer

a

AND

BONDS

[Vol. XXXVIII.

great favor by giving immediate notice of any error discovered in these Tables.
|

DESCRIPTION.
For

STOCKS

explanation of column headings, Ac.,
on first page of tables.

•

Miles
Date
Size, or
of
of
Par
see notes
Road. Bonds Value.

Bonds —Prinel-

INTEREST OR DIVIDENDS.
Amount

Outstanding

118879--2032..

Rate per
Oent.

Where

When

pabWhen Due.
Payable, and by Stocks—Last *
Whom.

Payable

Dividend.

<•

•

S

Boston Barre d Gardner.—1st mortgage
2d mortgage
3d mortgage

1879-320

381a
.....

(convertible into stock)

:

....

Boston Concord <£ Montreal—Old preferred stock...
Com. and new pf. stock (new pf. stock is $540,400)

167

Sinking fund bonds

i<59

(for$2,000,000)....
Improvement mortgage bonds
Consolidated mortgage bonds

166

Bost.Hoosac Tun.d West.—Debenture bonds
Boston & Lowell—Stock
Bonds
Bonds

Bonds
Bonds
Lowell A Lawr., bonds
Salem A Lowell, bonds
Boston & Maine—Stock
Bonds, coupon and registered
Boston d N. Y. Air-Line—Stock,

.

1881

....

.

.

.

.

....

....

....

1858
1873
1881
1883

....

pref. (guaranteed)

54
59
68'

1 st,

mortgage
Boston d Providence—Stock
Bonds to purchase branches, coupon or registered
Bradford liordetl d Kinzua—1st mortgage
Bradford Eldred d Cuba— 1st tuort

...

41
54

Brooklyn Elevated—1st

tuort., gold
Receivers’ certittc’s, payable in cash or 1st M. bds.

Brooklyn d- Moiitauk—Stock ($1,199,999 is pref.)

’

1,000
500

1872
1875
1876
1879

.

54
85

by L. I. RR., gold.

..

.

.

....

....

....

....

•

....

ioo
1,000
100

1873
1882
1881
1879
1881

1,000
1,990

1,000

"ioo

1867
1881

1,090

Wing Road to Mt. Washington, 22 miles; total
An extension of the White Mountain Railroad
from Littleton to Grovetou Junction is mortgaged.
The old prof, stock ($800,006) has received 3 per cent semi-annually,
amounting to $-18,000 a vear. Neither the new preferred nor the com¬

stock has received dividends.
Of the sinking funds due in 1889, there are outstanding in the hands
of other parties. $202,000, on which interest is paid, the trustees holding
$396,099 and the corporation holding $116,000 on which no interest is
mon

paid.

The annual report for 1882-3 said: “Were it not for the accidents
which we were so unfortunate as to suffer at the commencement of the
year, our running expenses would have been considerably less, and our

material increase

over

Fiscal year

Years.

ends March 31.

The earnings, expenses and available
follows:

four years has been as

Gross
.

Miles.
167
167
167
167

Expenses,

Earnings.

Taxes, Ac.
$177,251

$678,123
797,556
902,906

920,195
—(V. 36. p. 560, 622, 675 ; V. 38, p. 202.)

Available
Revenue.

$200,871

586,172

669,157
697,651

•

599,900

211,383
233,745

222,544

rights west ot Hoffman's Ferry (10 miles west oi Schenectady)
reported as sold to file N. Y. West Shore A Buffalo for $400,000
cash ard $700,000 stock of the N. Y. W. S. A B.
T ie work of construction was done under contract ly tlie Continental
Condrin tiou A Improvement Co. (120 Broadway. New York), and a cir¬
cular dated August 4, 1883, issued by that company contained the fol¬
auu

were

lowing:
B» the terms of the subscription of May, 1S81, to $10,009,009 of the
.capital stock of the Continental Construction A Improvement Co >t. was
provided: 1st.—That Tor each $1,000 paid in on $2,000 Construction
Co. stock subscribed for, a bond of $1,000 of the Boston Hoosac Tunnel
A Western Railway was to he de livered, hut placed in the hands of trus¬
tees.
2d.—That the remaining 50 percent of such subscriptions could
“

,

J.
A.
J.
M.
J.
A.
M.
J.
J.
1A.
A.

M.
J.
A.
F.

M.
>J.

!J.

6

! J.

6 g.

|

j
7

0ff.

do
do

J. A J.
M. A N.

4

2,900,099
750,099
250,099

Worcester, City Nat. Bk.

....

'7
6

1,159,723
1,456,000

|

M.

do
do

Boston, Office.

& J.

Boston, Office.
.

W. A
M. A

S. N.Y., Corbin
do
S.

Bank’g Co.
do

<*

-

April 1, 1893
July 1, 1895
July 1, 1895
Nov. 26, 1883

do
& O.
do
do
A J.
do
New York.
A S.
A J.
Boston, at Office.
do
A O.
do
A S.
do
do
do
A J.
do
do
do
A J.
'
do
A O.
do
do
A O.
do
A N.
Boston, at Office.
A J.
do
do
A O. N.Y.,N.Y. N.H.AH.Co.
A A.
do
do
A N.
Boston, at Office.
do
A J.
do
A D. N. Y., Marine Nat. Bk.
A J.
New York.
A 8.
New York.

j

ton A Lowell and the

1889
1893
1911
1913
Jan. 2, 1884
April 1, 1892
March 1,1895

July 1, 1896
July 1, 1899
Oct, 1, 1897
Oct. 1, 1898
Nov. 15, 1883
Jan., 1893 A 94
Oct, 1, 1883
Nov. 1, 1883

July 1, 1893
June 1, 1932
Jau. 1, 1932

Sept. 1, 1917
Mar. 1, 1887
Mar. 1, 1911

r

Concord RR., but from February, 1883, they have

been under separate managements.
Gross
Net
Years.
Miles. Receipts. Receipts.
87
$1,399,316 $122,698
140
1.872,656
584,269
140
2,985,622
675,345
1832-83... 149
2.128,761
735,392

Payments

/—:

Rentals.

—‘

Int. A misc.

Div.,p.o
$259,318
4
298,057
'4

$1,292
133.690
154.803

34^,105

41a

358,509

128,613

51*

—(V. 35, p. 160; V. 37, p. 479, 615, 666.)
Boston
Sc Maine.—Owns from Boston,
Mass., to Portland,
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
miles; Lowell to Ballardville, 19 miles: Bradford to Newburyport and

Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,

N. II., to Alton Bay, N. H., 29 miles; total operated, 206 miles, less 3
miles leased.
In March, 1883, voted to lease the Eastern RR. of Massa¬
chusetts ou terms as stated briefly under Eastern; the lease was op¬

posed by suit of one of the trustees of the Eastern RR. mortgage. The
year ends Sept. 39. Tiie last annual report was in Y. 37, p. 638;
earnings, Ac., were as follows:
Gross
Net
Div
Expenses
Years.
Divdcnds.
Receipts.
A Taxes.
Receipts.
p.o
1879-80.... $2,532,658
$1,511,918
$1,021,634
$525,000
7 hi
year

1889-81....

2,687.516
2,859,731

2,991,429

-(V. Jo, p. ZL,

tiifb;

1,662,657
1,929,858

-

2,970,759

1,92 4,869
929,873
929,669

569,000
569,099
560,099

V. JU, p. 311, 30D, o/o;

t

8
8
8
VVW/

Boston Sc New York Air Line.— Owns from

to

Boston Hoosac Tunnel Sc Western.—Owns from Massaehu
setts State Line to Rotterdam (.junction of N. Y. West Shore A Buffalo
RR.), N. Y., 62 miles, and leases branches to Saratoga and to SchuylerThe road connects with the line
ville, N. V.. 26 miles; total,88 miles.
running through the Hoosac Tunnel.
In March, 1883, all property

A. & O.
-

6
6 A 7
6
5
3
7
7
6
5
6
6
4
7
2
5

590,090
399,009
500,000

500 Ac.

operated, 167 miles.

revenue for

3,509,000
2,979,000

'

4,900,009

•

Junction, 51 miles;

a

180-23

1889

Boston Concord Sc Montreal.—Owns from Concord, N. H., tc
WeLls River, N. II., 04 miles; branches—Wells River, N. H., to Grovetou

earnings would, without doubt, have shown
those of the preceding year.”

759,009
620,000
209,090
226,990
7,909,000

500 Ac.
199

Boston Barre Sc Gardner.—Owns from Worcester to Wincliendon,
Mass., 37 miles. Stock, $875,277. Interest lias been reduced to 5 per
oent. Gross receipts in 18*59-81, $174,688; net, $18,377.
In 1881-2,
gross receipts, $187,280; net, $18,806. (V. 33, p. 200.)

net

2,050,000
3,792,999
999,500
599,000

1873-4

85

..

500.090

1,090

....

293

57,309
800,000
1,090,090
624,000
1,932,400

199
199
199 Ac.
209 Ac.

....

5 A 7
3
6
3

$390,000
186,300

....

149

.

poutb Side, 1st, mortgage
New mort. ($1,999,999), guar,

$109Ac.
....

Willimantie, Conn., 59 miles;

New Haven, Conn. ‘
leased, Turnerville to Colchester, 4

miles ; total operated, 54 miles. Formerly the New Haven Middletown
A Willimantie. A lease was made in Oct.. 1882, to the N. Y.N.iLA Hartf.
RR for 99 years at 4 per cent dividends per year on the pref. stock and
interest on the bonds; the common stock is $839,899. On the road, the

earnings were $395,111 in the year ending Sept. 39, 1882, and net
$172,151. (Y. 35, p. 21, 78, 297, 329, 371, 494, 455,637; V. 36, p.
gross

153.)

Boston A: Providence,—Owns from Boston, Mass., to Providence,
R. I., 4 4 miles; branches,29 miles; leased, Attleborough to North Attle¬
borough. 4 miles; total operated, 68 miles. The company have valuable

depot properties in Boston.

Notes outstanding September, 1883,

were

8369,999, due in 1883-4-6. lu Jail., 1884, voted to improve te niiuals
in Frovi le ice and issue $6 J9,009 b >nds or nutes as required.
Annual

report in
Years.

V. 37. p. 562.

Gross

Earnings.

....$1,419,313
1,584,839
1,669,134
V. 38, p. 147.)

Net Traffic

Earnings.
$395,493
352,330
345,579

Divi

dends.
8
8

8
call'd in bv the company as required and that every pavment of
$1.< 00 would entitle the subscriber so paying to another ‘bond as -(V. 35, p. 544 ; V. 37, p. 562 ;
deseri icd, widen was likewise to be placed with trustees.” * * * *
Bradford Bordeli A: Klnzua— (3-foot gauge)—Mileage from
“After protracted litigation it has been determined under a decree of
Bradford*, Pa., to Simpson, Pa., 15 miles; Kinzua Junction to Bordeli,
the Supreme Court of the State of New York that the Boston Hoosac Tun.
3 miles; Rew City t# Eldred, 12 miles; Simpson to Smethport, 11
A West. Railway Co. (as consolidated under articles of April 11, 1881) is
miles; total, 4 l miles. Stock is $599,009. par of shares, $109.
Gross
an illegal organization, and all securities, bonds or stock issued by it
earnings in 1882, $96,133; net, $L8,445. John J. Carter, Titusville, Pa.,
and contracts made by it are illegal an 1 void.”
The decision nflirmstiie Prcs’t.
validity and legality of the corporation as consolidated under articles of
Bradford Eldred Sc Cuba.—Owns from Eldred, Pa., to Bolivar
agreement dated April 19, 1880, known as the Boston Hoosac Tunnel A
Western Railway Co. A new contract has l>een made by which the and Wollsville, N. Y., and branch to Riehburg, and Cuba to Little
Construction Co. agrees to complete the railroad to a. .junction with the. Genesee, 54 miles. Stock, $480,999. Gross earnings in 1881-82, $153,New York West Snore A Buffalo Railway, at Rotterdam, N. Y., a point 043; net, $66,728. R. G. Taylor, President. There are also 2d mortg.
about 22
tudes southwest of Meehaiiicsville, N, Y.; and in partial set¬ bombs for $69,099, 6s, due 1885. V. 35, p. 706.
tlement of indebtedness due and recognized by the decree, the Construc¬
Brooklyn Elevated.—Receivers were appointed October, 1880,
tion Company become possessed of $2,000,600 debenture bonds of said
Boston Hoosac Tunnel A Western Railway Co. and $6,000,009 stock as and a compromise effected March 1, 1881, by which reorganization
was to be made and stock and bond scrip were assessed.
There were
represented by trustees’ certificates. It is also proposed, to exchange the
stock of this company U] on which 85 per cent has been paid for full outstanding at that time $1,969,999 1st tuort. bonds and $217,790 bond
paid ceitilieates of such stock upon the basis of 85 shares full paid stock scrip; $1,852,830 engraved stock and $L,497,683 scrip stock. All were
foe 109 shares upon which 87 per cent, has been paid. This exchange is assessed 29 per cent and $3,509,999 6 per cent mortgage bonds, and
But (ompulsor.y. The Construction Co. offers for sale to its stockholders also income bonds, were to be issued. Capital stock of new company
who have paid up 85 per cent, the $2,999,099 5 per cent debenture bonds was $1,009,999 authorized. There was some failure in tho plan, and in
of tin. Boston Hoosac Tunnel A Western Railway Co. and $4,000,099 January, 1881, bondholders proposed to raise $400,909 to complete
stoi k ^.presented by certificates of trustees; and the terms of sale are the road to East New Y< rk. J. R. Lydecker and S. M. Schafer, receivers,.
48 Wall Street, New York.
(V. 38, p. 59, 114.)
as folio .vs: Each stockholder of record on August 19 is entitled to sub¬
scribe upon every 59 shares hd!d, to a block consisting of $1,999 5 per
Brooklyn A: ilontaiik.—Brooklyn to Eastport, L. I., 67 miles;
c< lit debenture, bond and $2,990 stock, at a fixed price of $659 for such
brandies to Fresh Pond Junction, 2 miles; to Roekaway, 9 miles;
block. The, debenture bonds are redeemable at will prior to maturity
total, 78 miles.
This was first tho South Side Railroad of Long
anil may be converted into mortgage bonds if any are. liereafter issued.
Island, which was foreclosed Sept. 16, 1874, and reorganized as the
For tl ree months ending Dee. hi, 1883. gross earnings were $101,693;
Southern of Long Island. On June 3, 1879, the property was again sold
net. $6,697.—tV 36, p. 29, 89, 284; V. 37, p. 151, 615.)
in foreclosure of the second mortgage, and tliis company organized.
HohIoii At. IiO well.—Owns from Boston to Lowell, 27 m.; branches— The preferred stock has a preference of 7 per cent, not cumulative. It
Si.huu A Lowell. 17 miles; Lowell A Lawrence, 12 miles; others, 19
is leased to the Long Island Railroad for 59 years at 25 per cent of the
miles; Middlesex Cent, and branch, 12 miles; leased—Nashua A Lowell, net earnings of the whole Long Island RR. system, including its leased
15 miles; Stony Brook RR., 13 miles; Wilton RR., 15 miles; Peter¬ lines. No rental has been reported as paid, the lessee claiming toborough Uaiboad, 10 miles; total leased, 65 miles; total operated, 140 have expended all the income on improvements. The new mortgage
miles/ The Lowell A La wrence and Salem A Lowell railroads were pur¬ for $1,909,999 is to take up the first and balance issued lor extension
chased and consolidated in 1879, and the Middlesex Central in 1883. to Moriches; it is guaranteed by L. I. RR. as to interest ou $750,00^,.
the Boston & Lowell assuming their bonds, which cannot be paid off and both principal and Interest ou the $250,000.
A. Corbin. Presi¬
bel'prc luului fly.- A joint business was formerly done between the Bos¬ dent, Daniel Lord, Secretary, New York City. (V. 37, p. 502.)
be




February,

KAILROAD

1884]

Subscribers will confer

a

first page

AND

BOISDS.

91

great favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.

on

STOCKS

INTEREST OR DIVIDENDS.

Miles

Date
Size, or
of
of
Par
Road. Bonds Value.

of tables.

Amount

Outstanding

Rate per
Cent.

When

Where

Payable

Payable, and by
Whom.

Boiids—Princi¬

pal/When Du©
Stocks—Last
Dividend.

-

.

.

Brunswick &■ Western—1st mortg. (for $3,500,000).
Buff.Brad.<& Fitts.—Ge u. M.,(incl. 10,000 ac. I’d)

Buffalo New York & Erie—Stock

First mortgage
Buffalo N. I. t£- Philadelphia—Stock, common
Stock, preferred
1st mortgage, gold

2d mortgage

Gonsol, 1st mortgage, gold
Trust mort., gold (secured by collaterals)
General mortgage (for $25,000,or0)
Buff. Pitts. A W., M. bds (for $7,500,000 coup.)
do
1st mort. (W. A F. RR.)
do
1st M.(OilOr. RR.) renew’d, ’82..
do
1st mort. (Un. A Titusv. RR.)

-

ail
274
50
38
25
120

2d mortgage (Pitts. T. A B.)

do

Buffalo & Southwestern—Stock (one-half of it pref.) 1
1st mortgage bonds, gold
i
Burlington C. Rapids <£ Northern—Stock
1st mortgage
Iowa City A Western,

J

1st mortgage, gold, guar..

171
26
142
140
657
657
121
121
205

«

67

1883

$500Ao.
1,000

....

1876
•

•

•

1871
1878
1881
1882
1883
1881
1865
1862
1870
1876

950,000
2,380,000
13,750,000
6,568.200
3,000,000
1,000,000
7,000,000

1,000
50
50
500 Ac.
500 Ac.

1,000
1,000

500 Ac.
100 Ac.
....

67

369
73
55
182

1876
1879
1880
1881
1867
1871
1875
1882

713

1,000
100
100 Ac.

1,000

28 1
Cedar Rap. I. Falls A N. W„ 1st mort., gold, guar,
do
1st M., gold, guar., red. after ’90.
California Pacific—1st mortgage, gold

2d mortgage, endorsed by Central Pacific
3d mort., guar, by C. P. ($1,000,000 are 3 p. c.)
California Southern— 1st mort. ($25,000 per mile).
Camden & Atlantic—Stock ($880,650 of it pref.)—
1st mortgage (extended 20 years in 1873)
2d mortgage, extended in 1879
Consol, mortgage (thirty years)
.

.

114
114
114
132
78
78
....

1,000
1.000

1853
1854
1881

500

1,000
1,000

1,000

for

organization expenses. Dividends and interest paid directly by the
Capital stock, $950,000, and funded debt, $2,380,000.
Buffalo New York Ak Philadelphia.—A consolidation in Feb.*
1883, of the Buffalo N. Y. A Philadelphia, the Buffalo Pittsburg A Westand Oil City A Chicago.
Mileage as follows: Buffalo Division—Buffalo*
N. Y., to Emporium, Pa.. 121 miles. Larsjbees, P
to Clermon*, l’a.. 22!
Pittsburg Division—Buffalo, N. Y., to Oil City, Pa., 138. Titusville. Pa.to Utiio t City. Pa.. 25, Mayville, N. Y., to Chautauqua, N Y.,3Lj; River
lessees.

Division—Oiean, N. Y.,

to New Cadie, Pa., 184; Rochester Division—
Ro licster. N Y., to Olean, N. Y., 106: Narrow Gauge Division— Olean,
N. Y , to Kinzua, Pa., 51, Bradford, Pa., to Eldred, Pa., 19; total op¬
erated. 66 » miles.
In the consolidation the capital stork of the new company was made

equal to the sum of the capitals of the several companies, the new com¬
pany also assuming all the liabilities of each company merged.
The
holders of the

and preferr. d stock of tin- Buffalo N. Y. A Phila¬
delphia Ry. Co. and the Olean A Salamanca RR. Co. received 20 per
cent addit ional stock in kind, which was paid out of the stock then in the
treasury of the Buffalo Pittsburg A Western RR. Co. The stockholders
of the Buffalo Pittsburg A Western RR. Co. and of the Oil City A
Chicago
RR. Co. (other than the Buffalo Pittsburg A Western RR. CA.) receive
share for sha- e. The Buffalo Pittsburg A Western RR. Co. received share
for share for all the stock of the Oil City A Chicago RR. Co. remaining
in their treasury after deducting the 20 per cent paid to the stockholders
of the Buffalo New York A Phila. Ry. Co. and tlie Olean A Sal. RR. Co.
The consol, mort. is for $11.000,000, of which $4,000,000 is reserved
for prior liens, and it covers 205 miles of new road and the old 121 miles,
and 16,01*0 acres of coal lands owned by the Buffalo Coal Co.
The trust
bonds due in 1922 are secured by $500,000 first mortgage bonds of the
Rochester Terminal Co. and $700,000 of the first mortgage bonds of tin*
Olean A Sal tmanca RR.. and $1,600,000 first mortgage bonds of the Oil

225,000

compared with the previous
Gross.

1>82
1883..

Expenses.
$1,216,751

$1,304,209

2,703,123

Increase

l,3s7.189

1,315,939

$132,16^

$170,438

Net.

$11,730
and in

Gr e-s expenses in 1882 were 48*2 per cent of gross receipts
1883 they were 51*3 per cent of gross receipts.
The income and disbursements in 1882-83 were as follows:

Total net profits as above
$1,315,939
Less net earnings of Buffalo Pittsburg A Western in 1882....
101,271
Balance of

reserve

funds, 1832

Total
From which do luet—Interest on bonded debt
Dividend on preferred stock, 6 per cent

wa'itgfr

$1,211,668
1,033,036

$2,241,704

$1,131,745
396,000—1,527,745

$716,959

Miscellaneous charges

Doc. 26, 1883
July 1, 1896

Q.-M. Buffalo, F.A M. Nat. Bk. Deo. 1, 1908
N. Y\, U. S. Trust Co.
July 1, 1921

g.

J. A J.
M. A N.

g.
g.

Nov., 1, 1922
New York.

A. A 0.
F. A A.

1923

N.Y.,Farm’rs’L.ATr.Co.

Phila., E.W.Clarke A Co.
A. A O.
Phila., Co.’s Office.
J. A J. Phila., E.W.Clarke A Co.
F. A A. Phila., Mauuf’rs’ N. Bk.
....

T.

A D. N.

J.
M.
A.
A.
J.
J.
J.
J.

AD. N. Y.. Central Trust Co.
A S.
do
do
A O.
do
do
A O.
do
do
A J. N.Y.,Eugene Kelly A Co
A J. N. Y., Nat’l Park Bank.
A J. N. Y., Cent. Pacific RR.
A J.
Boston.

J.

A

Y., First Nat. Bank.

i

6

do

J.

do

April 1,
Feb. 1,
Apr. 1,
July 1,
Feb.

1921
1896
1912
1890

1. 1896

Oct., 1883
July 1, 1908
June 1. 1906

Sept. 1, 1909
Oct, 1, 1920
Oct. 1. 1921
Jan. 1, 1887
Jan. 1, 1891

July, 1905
Jan
1, 1922
Feb. 1, 1884
Jan.. 1893

Oct., 1, 1904

July 1, 1911

Bonds of the Cedar Rapids Iowa Falls A Northwestern road are en¬
dorsed (endorsement is on the bonds); the 6 per cent bonds are redeem¬
able at 105 after Oct. 1, 1890. Of the 5 per cents $825,000 are reserved
to retire the 6 per cents.
The company guarantees the above bonds

mentioned, and also guarantees$150,000 of Minneap. A St. Louis bonds.
The annual report for 1882 as published in the Chronicle, V.
.36, p. 477, said of the expenditures for now road and improve¬
ments since organization: “ The sain thus expended since the
organiza¬
tion of the company to the close of the present fiscal year amounts in the
aggregate to $1,743,121.
*
*
*
“The company owns 33 miles
of road, exclusive of the Clinton Division, upon which no encumbrance
exists; the Pacific Division, fromTraer to Holland, 23 miles; the main
line from Plymouth Junction to Manly Junction, and from Northwood to
Minnesota State Line, a distance of 10 miles. These extensions were
made by the company and paid for out of surplus
earnings. At the
time of the organization of the present company by the bondholders
of the Burlington Cedar Rapids A Minnesota Company, a bonded indebt¬
edness of $6. >00.000 was created, and the capital stock of the new com¬
pany was limited by its articles of incorporation to $10,000,000.
The
statute of Iowa provides that corporations formed for
pecuniary profit
must not incur an indebtedness at any one time in excess of two-thirds
of their capital stock.
In consequence of the limitations thus imposed
by the statute, the bonded indebtedness of the company cannot be
increased in excess of $166,090 aver and above the amount originally
created, except by an increase of capital stock, and with $1,500,000 of
the capital stock already provided for still remaining in the
company’s
treasury and that issued quoted beltnv par in the market, it is deemed
inexpedient to provide for an increase of capital stock simply for the
put pose of enabling the company to increase its bonded indebtedness.”
For 1883 gross earnings were $2,846,770. against $2,800,682
gross in
1882; net $878,593. against $917,001 net in 1882.
OPERATIONS AND FISCAL RESULTS.

Operations—
Passengers carried.
Passenger mileage
Rate per passenger per

1881.

439,508
14,876,355

;

mile.

27,277,487

2*83 cts.

127,994,018

Freight
Mail, express, Ac

1*196 cts.

$122,01 t
1,782,521

,?

2,225.655
199.087,992

1*392 cts.

Freight (tons) mileage

Average rate per ton per mile
Earnings—
Passenger

2*34 cts.

1,716.182

Freight (tons) moved

$639,506
2,092.679
68,4 97

54,501

Total gross earnings
Total operating expenses (inemdin;
Net

1882.
58 4,740

$2,259,' 36
1,626,850

earnings

$2,800,682

$632,186

taxes).

$917,001

1,883,681

INCOME ACCOUNT.

Receipts—

1881.

1882.

Net earnings
Other receipts.

$632,186

$917,001

59,190

78,057

Total income

$691,376

$995,058

$424,562

$481,624

year:

$2,520,960

*

Philadelphia Office.

•

J. N.Y.,Farm’s’ L.A Ir.Co.

.

City A Chicago RR.

and expenses, as

A

Jan. 1, 1913
Jan. 1, 1896
Dec. 1, 1883
Dec. 1, 1916

.

common

The general mortgage issued in 1883 is for an
authorized amount of $25,000,000, (see V. 37, p. 508 )
Tiie annual report for the year ending Sept. 30, ’83. was in the Chron¬
icle, V. 38, p. 1 13. and contained the throwing statement of earnings

Q.-M.
J.

g.

5 g.

N.Y\ Office, 35 Wm. St,
New York, Erie Office.
N. \\, Erie Railway.
do
do

7 g.
2,250,000
9 g.
1,600,000
3 A 6
3.000,000
6
3,101,000
1,258,050 7 on pre“.
Camden, Co.’s Office.
7 o*
490,000
J. A J. Phila., Farm. A M. B’k.
6
A. A O.
497,000
do
do

1,000

Brunswick Ac Western.—From Brunswick to Albany, 171 miles’
and 83 miles projected to Columbus, Ga.
This was formerly the Bruns'
wick A Albany, and the present company has $3,500,000 pref. stock,
and $1,500,000 common. Mr. Fred. Wififfe in New York and a syndi¬
cate in Irankfort have taken .most of the securities.
An extension of
63 miles, Albany to Chattanooga River, is proposed, on which $1,500,000
bonds will lte issued. Gross earnimrs in 1882, £299,474; net, $84,562.
Fred. Wolfe, President, 35 William Street, New York.
Buffalo Bradford A: Pittsburg.—Owns from Carrollton, N. \\
to Gilesville, Pa., 26 miles.
Completed in 1866, and leased to New
York Lake Erie A Western for 499 -years. Rental. 7 per cent on out¬
standing bonds, $40,600 a year. Capital stock, $2,286,400.
Buffalo New 1 ork Ac Erie.—Owns from Buffalo, N. Y., to Cor*
.ning, N. Y., 142 miles. Leased in 1863 to the New York A Erie for
400 years, and now operated by the New York Lake Erie A Western
Co. Rental, $238,100—viz., 7 per cent on stock and bonds and $5,000

1*2
6
7
6
6
6
6
7
6
7
7

1,965,000

1,000
1,000
50

....

3^

4,027,000
g.
1,500,000
573,000
500.Q00
900,000
943,800 3^2 oil pf.
7r
1,500,000
5,500,000
5
6,500,000
7 g.
584,000
6 g.
825,000

1,000
1,000

....

J. A J.
J. A J.
J. A D.
J. & D

7

2.800,000
3,700,0. 0

1,000
1,.000

1877

6
7

580,000

100

....

•

.

$2,000,000

387,071

Balance to credit of profit and loss. Sent 30.1883
$329,888
-(V. 36, p. 55, 169,195, 251, 479, 559; V. 37, p. 508; V.3S,l>.29,87, 1 13.)

Buffalo Ac Southwestern.—Owns from Buffalo to Jamestown,
N. Y., 67 miles.
Formerly the Buffalo A Jamestown; reorganized
in 1877 after foreclosure. In July. 1880, leased to New York Lake
Erie A Western for 99 vears—at 35
per cent of gross earnings, but
interest on bonds guaranteed. First dividend Jan., 1883. (V. 35, p. 705.)

Disbursein rnts—
Interest on debt
Construction and improvement.

Equipment
Other expenditures
Total disbursements
Balance

198,270
280,459
13.583

$916,874
def. $225,498

.

71,965

368,502
22,396
$947,487
$47,571

sill*.

(V. 35, p. 133,374,457,706; V. 36, p. 453, 477, 559; V. 37, p. 666.)
California Pacific.—Owns from South Vallejo, Cal., to Sacramento,
Cal., 61 miles: branches—Adelaide to Calistoga, 35 miles; Doer’s to
Knight’s Landing, 19 miles; total operated, 113 miles. Consolidation
(Dee. 23, 1869) of California Pac. and California Pacific Extension companics. Leased for 29 years, from July 1,1876, to Central Pac. Rental,
$600,000 per annum, and three fourths of net earnings when in excess
of that amount.
Capital stock, $12,000,000. Extension bonds of
$3,500,000 and incomes of $1,000,000 were in default, and the new
bonds of 1875, guaranteed bv Central Pacific, were issued in place
thereof. R. P. Hammond, President, San Francisco.
California Southern.—This road from. National City, Cal., to
Colton and Sail Bernardino, Cal., 132 miles, was built by Boston capital¬
ists and opened Sept. 12,1882. The Southern Pacifio has shown some
hostility. Stock, $3,300,000.
For $1,100 in cash each subscriber
received $1,000 in bonds, $1,000 in stock and $100 iu the San Diego
Land A Tow.-i Co. stock. Tlios. Nickerson, President, Boston, (V. 35,
p. 265, 266, 538.)
Camden Ac Atlantic.—Owns from Camden, N. J., to Absacom
Inlet, 60 miles; Penn. Ave. to Soutli Atlantic, 6 miles; Phil. Marl. &
Med. RR.; Haddonfield to Medford, 12 miles; total operated, 78 miles.
In Nov., 1882, 4 per cent paid on preferred stock. Preferred stock,,
entitled to 7 per cent if earned, and to as high as paid to common if more
—

Burlington Cedar Rapids Ac Northern.—Owns from Bur¬
lington,. Iowa, to Albert Lea, Minn, (including 11 miles leased), 252
miles; branches—Linn, la., to Postville, la., 94 miles; Muscatine, la ,to
Riverside, la., 31 miles; Vinton, la., to Holland, la., 48 miles; Elmira, than 7. Earnings and expenses for three years past have been :
la,, to Montezuma, 83 miles; Clinton to Noel, 24 miles; leased, Holland
Years.
Expenses.
Earnings.
Profit.
to Worthington, Minn 182 m.; total operated, 713 m. Organized as the
1880
$498,838
$371,626
$127,219
Burlington Cedar Rapids A Minn., June 30, 1868. Defaulted Nov. 1, 1881
512,880
373.864
139.016
1873. Property sola under foreclosure Juno 22, 1876, and given up to
550,405
360,083
190,321
the purchasers July 1,1876.
—(V. 35, p. 130; V.36, p. 169.)




,

DESCRIPTION.
on

first page

,

see

notes

of tables.

of

31
404
404
404

Camden A Burlington Co.—1st mortgage

N. Y. C. A Hud. Riv..

1867
m

New proferred stock
Old preferred stock
1 st mortgage

Mortgage bonds
„
Cavuga d Susqnichanna—Stock

Cedar Falls & Minn.—Bonds on 1st div., sink. fund.
Bonds on 2d division, sinking fund
Cedar Rapids & Missouri lliver—Common stock —
Preferred stock, 7 per cent
1st mortgage
1st mortgage
l6t mortgage
Central Branch Union Pacific—1st mort., gold
Funded interest bonds (coupons held in trust).
2d mortgage (Government subsidy)
—
Central It. It. d Batik, On.—Stock
General mort. “tripartite” bonds, coup
Certificates of debt (for dividend)
Ocean Steamship Co., guar., 1st mortgage

m

•

m

m

•

.

„

•

100

1,000
l,OOOAo

100
730
620

'

„

1864
1866

•

1,000
1,000
1,000

,

‘

50
50
50

1882
1870

70
58
146
100

100
500 Ac.

•

„

Outstanding

$500Ac.

m

•

1861
1863
1866
1866
1879
’66-7-8
■

.

500 Ac.
100
500 Ac.
500 Ac.
100
100
500 Ac.
500 Ac.
500 Ac.

When

Cent.

Payable

$350,000
15,000,000
13.802,937
6,000,000
65.000,000
5,700.000
2,000,000
1,500.000
1,500.000
2,250,000
1,159,500
1,000,000
2,200,000
230,500
1,300,000
589,110
210,000

1,377,000
6,850,400

2^

earnings of both roads
Operating expenses and taxes
Percentage of earnings
Net earnings
Interest anil rentals

1897
Feb. 1, 1884
Jan. 1. 1908
Mar. 1, 1913
Feb. 28,1884
Oct. 1, 1931

Phila., Phila.A Read.Co. Fob. 1, 1902
A.
do
do
Feb. 1, 1900
J. New York. 44 South st. Jan. 1, 1884
O. N.Y.,J. S. Kennedy A Co April 30, 1884
do
J.
do
Jan. 2, 1907
Feb. 1, 1884
Boston, Treasurer.
Q.-F.
do
F. A A.
do
Feb. 1, 1884
F. A A. N. Y., Nat’l Park Bank. Aug. 1, 1891
do
F. A A.
do
Aug. 1, 1894
M. A N.
do
do
May, 1916
M. A N. N. Y., 195 Broadway.
May 1, 1895
M. A N.
May 1, 1895
do
U.S. Treas., at maturity. 1896, ’97, ’98
J. A D.
Savannah, Ga.
Jan. 1, 1884
J. A J. N.Y.,Nat.City Bk.ASav. Jan. 1, 1893
J. A J.
1891
Savannah, Ga.
J. A J.
New York.
Jan
l, 1892

4kJ
7
7

112
312
7
7
7
6
7 g.
6

31-2
7

-

April 1, 1920

July 1, 1915
July 1, 1910
July, 1911

Philadelphia Co.’s office Nov. 16, 1883
do
Nov. 16, 1883

F. A
J. A
A. A
J. A

(jp

.

Defaulted, and Receiver placed in possession April 5, 1876. Sold in fore¬
1880, for $1,200,000.
In 1881-82, gross earnings,
$603,871; net, $72,812; in 1882-83, gross, $596,328: net, $168,471.
Wilmington Bridge bonds, $200,000, at 7 per cent, are guaranteed by
this company and interest paid. The stock of $1,200,000 was piaecd for
five years from Nov. 1,1879, in the hands of the reorganization com¬
mittee.
(V. 36, p. 674; V. 37, p. 128.)
Carson Sc Colorado.—(3 foot gauge.)—From Mound House Nev., to
Candelaria, Nev., 158 miles; Candelaria to Hawley, Cal., 143 miles;
total 301 miles completed to Sept., 1883. Road follows the valleys along
eastern side of Sierra Nevada Mountains and may eventually join South¬
ern Paeilic at Mojave. Stock, $6,000,000 authorized ; $2,250,000 issued.
Gross earnings in 1882, $112,254; net, $246,104.
II. M. Yerington.
President, Carson. Nev. (V. 35, p. 430.)
Catawlssa.—Owns from Tamanend, Pa., to Williamsport, Pa.. 94
miles; branch, Summit Station to Silver Brook, 4 miles ; total operated,
98 miles. Leased from Nov. 1, 1872, for 999 years to Philadelphia A
Reading. Renta!, 30 per cent of gross earnings and $8,00o a year for
company expenses. Funded debt is also assumed by lessees. Seven per
cent is guaranteed on the preferred stocks.
Cayuga Sc Susquehanna.—Owns from Owcgo, N. Y.. to Cayuga
Lake, N. Y., 31 miles. Leased in perpetuity to Del. Lack A Western at
a rental of $54,600 a year.
Dividends on capital, 9 per cent per annum.

over

'

Cedar Falls Sc Minnesota.—Owns from Waterloo. III., to Minn.
Line, 76 miles. Leased to Dubuque A Sioux City for 40 years
January 1, 1867, at $1,500 per mile as a minimum and a con¬
tingent of 35 per cent of gross earnings from $3,500 to $7,500 per mile
and of 30 per cent or any excess” over $7,500 per mile. The Dub. & S. C

State
from

(carrying this road) is leased to III. Central till 1887, witn option to the
renewing. Capital stock, $1,586,500. A sink, fund of 1 p. ct.
per annum is provided, and some of the above bonds are in the sinking
All operations and earnings arc. included in Illinois Central re¬
Hind.
ports. The minimum rental is $113,370. J. S. Kennedy, Pres’t.N. Y.
lessee of

INCOME ACCOUNT.

Gross

A.
Phlla.. Penn. RR. Co.
A. N. Y., Grand Cen. Dep.
J. N. Y.. Union Trust Co.
S.
do
do
N. Y., 63 William St.
O. Montreal, N.Y.orLondou
O. N. Y., Fariners’L. A T.Co.
J.
New York, Office. O.
do
do
J.

closure May 31,

operated, 404 miles, of which 105 miles are nominally owned by proprie¬
tary companies under separate organizations.
The Company', Alliances, Ac.—The corporation was chartered in
Canada Feb. 28, 1868, and the main lino opened Nov. 15,1873. Default
was made, and a reorganization
forming the existing company was
completed in 1878. Interest on the 1st mort. is guaranteed by the New
York Central Railroad Co. for 20 years; but the principal is not guar¬
anteed. In Nov.. 1882, a close contract was made with the Michigan
Central for 21 years from Jan. 1, 1883, providing for the operation
of the Canada Southern by the Michigan Central, also for the placing of
the total earnings of both roads in a common treasury, out of which is to
be paid, first, the operating expenses of both roads; second, the fixed
charges of both; third, the division of the remainder between the two,
in the rate of two-thirds to the Michigan Central and one-third to the
Canada Southern; fourth, for the raising of $6,000,000 by a 2d mort.
Niagara River, and for other extensions and improvements.
Income.—The statement for Michigan Central.- ml Canada Southern in
1883 gave this company $6us,333. out of,which a dividend of 4 per cent
was paid. The income account of Canada So. for the year was as follows:

Dividend.

.....

A
A
A
A
A

Stocks— Lust

Carolina Central.—Owns from Wilmington, N. C., to Shelly. N C\,
242 miles. Formerly Wilmington Char. A Rutherford, chartered in
1855. Succeeded by existing company after foreclosure May 3, 1873.

Road—Main line from International

bridge

l by

6
7

6

Bridge to Amherstburg, Out., 229 miles; branch, St. Thomas, Out., to
Courtriglit, Ont., 63 miles; Erie A Niagara, 31; Sarnia Chatham A Erie,
7; Canada Southern Bridge A Ferry, 4; Toledo Canada Southern A
Detroit, 55, and Michigan Midland & Canada, 15; total of all lines

the Canada Southern to double-track its line, to build a

■, an

Whom.

M. A N.
M. A N.

6

Sc Burlington County.—Owns from Camden, N. J.,
Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad A Canal Company’s lines;
Lease rental, $44,115,
being 6 per cent on stock and bonds, and $500 for organization expenses.
Capital stock $381,925 and funded debt $350,000. Dividends in Jan¬
uary and July. (V. 36, p. 195.)

on

Peyabl

3*2
3*2

1,600,000

....

A
A
A
A

Where

A.
A.
J.
A.
J.

100

Camden

of

Bonds-—Princi¬
pal. When Due.

5 g.
6 g.
6 g.
6
6

1,000

1,000
1,000
1,000

to

Southern.—Line

F.
F.
J.
M.

6
2
5
5

.

Canada

discovered in these Tables.

Rate per

769,600
700,000
582,000
2,332,000
1,600,000
630,000
1,600,000
7,500,000
5,000,000

100

1872
1881

I Vor. XXXV1U.

any error

1,000,000

m

..

..

•

Amount

Par

1881
1880
1880
1880
1881

93
34
14
61
274

—

m

or

Value.

....

242
242
158
158
98
98
98

Catavoxssa—Common stock

m

1878
1883

Canadian Pacific—8tock (guar. 3 p. o. div. till ’93). 1,730
Land mortgage bonds, gold
Carolina CetUral—1st mortgage, gold, coup, or reg.
2d mort., gold, income, reg., not cumulative
3d mort., gold, income, reg., not cumulative
Carson d Colorado—1st mortgage

RONDS

INTEREST OR DIVIDENDS.

Size,

Road. Bonds

Canada Southern—Stock
1st mort., interest guar, by
2d mortgage, coup, or reg

Date
of

Miles

explanation of column headings, Ac

AND

giving Immediate notice of

Subscribers will confer a great favor by

For

STOCKS

RAILROAD

23

$11/'.00,000
9,700.00.>
(*’>9vS)
$1.30-»,oo
2.475.000

Cedar

Ifapids Sc Missouri River.—Owns from Cedar Rapids'

la., to Mo. River (opp. Omaha), 272 miles; branch, Clinton, la., to Lyons,
Balance
$i,825,uoo la., 2 miles; total operated. 271 miles. Leased in perpetuity to Chic. A
Northwestern. Rental, $700 of the first $1,500 of gross earnings per
Division as p. r traffic agreement, viz.;
Canada Southern Railway one-thiid.
$608,333 mile; 336$ per cent of next $3,000 per mile, and 20 percent of any
excess over $1,500 per mile.
Appropriated as follows:
Gross earnings tisea-1 year ending Mch. 31,
Divid’nd—2 p.c. Aug..’M3.$300,000; 2 p.o. Feb.,’84. $3oo.ono
The rental was
$600,0.0 1883, $3,177,192; gross earnings per mile,, $11,595
$851,646 and disbursements, including dividends and interest, were
-(V. 36, p. 311, 366, 590, 649. 707; V. 37, p. 399, 666, 718.)
$806,120. The total balance to credit of income account March 31,
Canadian
Paeilic.—(See Map.)—This company was incorpo¬ 1883, was $836,606. In 1S80 purchased a
majority of the Sioux City &
rated February 18, 1881, under a charter from the Dominion of
Pacific Railroad stock. (V. 36, p. 589.)
Canada. The company has an important contract in its charter, receiv- j
Central Rraucli Union Paeilic.—(See Map Page 52.)— Owns fror.
lug from the Government $25,00 M>u() in cash as a subsidy, also 25.000,- i
Atchison, Kan., to Waterville, Kan., 100 miles; leased Atel.isou Col. A
000 acres of land, all lit for settlement, (of which a considerable
Par. 255 miles ; Atcli. J. Co. A
quantity has been sold), in consideration of the completion and ! Tiie Un. Pae. Cent. Branch was W., ;;3 miles; total operated, 38 « miles.
formerly the Atchison A Pike’s Peak RR.,
Tin* Government also conveys j and was one of the
perpetual operation of the road.
roads embraced in the act of Congress incorporating
to th<; company, free of all cost, 713 miles of road, viz., 435 miles j
the Union Paeilic RR.
The stock is $1,000,000, of which the Union
from Winnipeg to Lake Superior and 65 miles from Winnipeg to
Paeilic holds about $900,000. Tlic company received a Government
Emerson, already finished, niul 2 L3 miles now building from Port Moody
subsidy of $1,600,000. Default on interest was made May 1, 1873, but
on the Pacific coast to Kamloops, between the Rocky Mountains and
Cascade Mountains, to which point the company i.-j building trom Win¬ no foreclosure took place. It is operated as a part of the Missouri Pacillo
nipeg. The company also acquired 1 L9 miles of road and. branches front system, under some arrangement with tiie Union Pac. Fiscal year ends
Dec. 31. in 1882 gross tan nings were$1,046.119; net. $383,718. In 1883
Montreal west to Callendar. at a cost of $5,423,333, which is a lien on
rentals paid, $287,375,
411 miles of those roads. The road is to extend from Montreal to Port gross earnings $1,009,339, net, $351,371,
Moody on the Paeilic eo >st in Brit. Columbia, 2.906 miles,with branches interest, $172-,607,. total, $459,982 ; deficit, $108,010. (V. 37, p. 447,
508.)
of 4**0 miles, in all 3,306 miles.. In Dec.. 18>3, th; main track was
Central of Georgia (Sc Bank),—Owns from Savannah, Ga.. to
linislu d westward to the Rocking Mountain Pass, 960 miles west of
\\ innipeg.
Atlanta, Ga., 295 miles; branch, Gordon to Millcdgcville, 17 miles;
In Nov., 1S83, leases were ratilied of the Credit Valley Railway and L liaised-Augusta A Savannah, 53 miles; Eatonton Branch Railroad,
its leased lines, about 183 miles, and the Ontario A Quortic Railway, 200 ■ 22 miles; Southwestern Railroad and branches, 343 miles; total opera¬
miles, and 10 miles of the Atlantic A X. W. Railway, wit h bridge facili- j ted, 730 miles; also takes net results of 170 miles more operated by
ties at Montreal. The leased lines give a road from Montreal via Toronto ; separate
companies.
In January, JL8S0, purchased the former
Savannah A Memphis road—Opelika to Goodwatcr, 60 miles—for
to St. Thomas on tile Canada Southern.
The authorized stock is $100,000,000, and in Nov., 1883, the Domin- , $700,000.
In
1881 the control of the Port
Royal A
Aug.
ion Government gave a guarantee of 3 per cent dividends per annum was bought; also a lease of the Georgia Railroad for 99 years was
for ten years on $65,00o,000 of the stock outstanding; and the remain¬ taken in the. interest of this company, uet 31, 1883, the whole system
ing S3.•,000,000 of stock was deposited with the Government to be and connections embraced 1,621 miles. The certificates of debt were
withdrawn by the company as the completion of its road calls for it, and issued, June, 1881, as a dividend to stockholders—$40 per share to Cen¬
issued then with the same guarantee.
In January, 4884. a new propo¬ tral Georgia and $32 per share to Southwestern. The company owns a
sition

„

was brought before the Dominion Government, that it should
change its agreements in some respects and loau the company
$22,500,OuO oh certain terms.
There is no mortgage on the road (except the lien above mentioned of
$5,423,333 on 441 miles) ana the bonds are on the lands only. There are
deposited with the government as security $5,000,000 of these-bonds
and there are yet outstanding only the above amounts, remaining after
cancellation of bonds from land sales. The company sold 6,452,000
acres of its lauds for a net. amount of about $17,300,000, mainly to
the Canada Northwest Land Co., but in Nov., 1883, this agreement was
modified and the Land Co. takes only 2,500,000 acres positively, with an
option on 2,500,000 am s more. The bonds are receivable for lands and
u ay Ik* (1: awn and paid oft at 110.
(V. 36, p. 108, 453, 509, 707; V. 37.
p. 22, 127, 392, 178, 50 S, 533, 562; V. 38, p. 59, 177.)




large interest in

connecting lines and the'Ocean

Steamship Co. of

Savannah. This company and the Georgia Railroad Company are joint
owners of the Western Railroad of Alabama,.purchased at
foreclosure
sale in April, 1875. The “tri-partitc” bonds are issued jointly by this

company, the Macon A Western and the Southwestern.
The annual report for the year ending August 31, 1883, was in tho
Chkonicle. V. 37. p. 423.
The income account of Central of Georgia
proper lias been as follows :

1882.

1883.

$1,688,918
1,972,708

$2,027,691
1,982,517

$689,390 DM. 183,789
559. V. 37, p. 423.)

$45,174

1881.
Total net Income
Fixe 1 charges and

$2,147,241
dividends.. 1,457,851

Surplus

—(V. 35, p.

455, 601; V. 36,

p.




MAP OF Till-;

-J

CANADIAN PACIFIC

Aylmer L.

RAILWAY
AND CONNECTIONS.
■

dfm

W

IMir/- :u &
j

giepmar-'

°*"'4r?T /aVa
i

s c

i&v.

3;a.a

•

•

\V\s<S£*'

1

S.fii'Jiitn

n.B.Co.Post

/z>ccv

"

fx_,

X.S/.irr

V'%%

V'\:^

t- i;

al
<_

t'lfi.'Li'od

s

N.Lined L. <

zjj|^

!

Deer L.iluuse,'

»

ll'A

^<qj
v.S

\

\

1

r

-i\fe

'J, 0\1
J/

1
r^L

j

'v^j&7r<i^0;’Tv
.•'
-I-N

"\'T

j

J

;

,

^‘lr-i' st-\nne * £^fsaKkat jh, s },v;. -j ic
/V°‘'owoi
v;.
<$&y

A
r

t;-?(
*>

If Jrd

k

p^.rforjno.

-

°o m-H#k

a t c Hj/wN' f|
.
.^J^7
^frtT^^^^f';M:i<0J>>V,r.'.r‘<': :'*!l,?rt.- l&dStFtdn-

.

Up

c
7?i </"■££.

*VY)

fi^f^'Jlupen 1T0.

^

...S'-p-

**

‘

•dj

Qmiid

WA

QUEBEC^

L.^

Three

•

Divers!

£'//., -v*.
/<{>> iii

KiHifnonH
fclifrlirooke

rt

^'/////7/7<S''/' /

**

,

0
ETi'ftliJREIII!//) I£

r

o

•p

)Tehnma
lUulraadii

projected or iu

progress,

24

RAILROAD

.

Subscribers will confer

a

on

AND

BONDS.

[Vol. xxxviii.

great favor by giving immediate notice of any error discovered in tl&ese Tables.

DESCRIPTION.

For explanation

STOCKS

Miles

of column headings, &c.,
first page of tables.

see notes

Date
of
Bonds

of
Road.

Bonds—Princi¬

INTEREST OR DIVIDENDS.

Sifce,

or
par

Amount

Value.

Outstanding

$500&c.

$3,700,000

500 &c.

Rate per
Cent.

629,000

When

Payable

Where payable, and by
Whom.

pal,When Due.

Stocks—Last
Dividend.

t

Central Iowa— 1st mortgage
Debt certificates, issued for overdue coupons—

189

1st mortgage, gold, Eastern Division
1st morCoii branches ($12,000 per mile)
Car trust certificates
Central JlassacJiusctts—Preferred stock
Common stock

i.24

Central of New Jersey—Stock
7
Mortgage bonds

1879
1880
1882
1882

341
74

Bonds (convertible

Consolidated mortgage (for $25,000,000)

’

Newark & New York, 1st mortgage

1,515,000
1,900,000
509,000
3,500,000
3,500,000
18,563,200
5,000,000
4,400,000
15,000,000

100
1869
1872
1874
1867

Nov., 1875 to 1877)

'

1,000
1,000

97
7

1,000
1,000
1,000
500 &c.

600,000

Lehigh A Wilkesharre Coal Co., prior liens
do
do
*
Consol mort
1875
L. & W. B. Coal Co., inc’me bds, rg. (not cum’lat’e)
Am. Dock<fc Imp.Co. new M. bds., guar. C. of N. J.
1881
Adjustment mort. (redeemable any time at par)..
1878
Debenture bds., conv. into stock, Jan., ’85 to 1907
1883
Central Ohio—Common stock Jan. 1
137
Preferred stock
137
1st mortgage bonds
137
Central Pacific—Stock
2,865
1st mort., gold, (2 sinking funds, $50,000 each)..
742 1865-8
California State aid, gold (s. fund, $50,000)
50' 1864
lstm.S. Joaq’n Val. Br., gld (s.f. $50,000)
146
1870
U. S. Loan, (2d lieu on certain terms)
742
Western Pacific, 1st mort., gold, (s. f. $25,000)...
158
I860
do
Government lien
123
1869
Cal. A Oregon, 1st M., gold, guar., (s. f. $100,000)
152
1868
Cent. Pac., mortgage, on C. A O. Branch
152
1872
«...

•

4,720,000
1,000

11,500,000
3,553,000

100 Ac.

1,000

5,000,000

100 Ac.

5,454,000

1,000

5,000,000
2,437,950

50
50

411,550

1,000

2,500,000
59,275,500
25,884,000
1,500,000

100

1,000
1,000
1,000

6,080,000

1,000

25,885,000
2,624,000

1,000

1,970,000
6,000,000

1,000

2,080,000

7
7
6 g.
6

J. A J.
A. <fc O.
A. & 0.
A. A O.

....

New York, Office.
do
do
N. Y., Taint or & Holt.
do
do

July 15,1899
3 mos. notice.

April 1, 1912
April 1, 1912

....

....

1*2
7
7
7
7
6 &
7
7
5
7
6
3
3
6
3
6
7
6
6
6
6
<3
6

-

.

.

•

F. & A.
M. & N.

Q.-J.
J.

J.

&

New York, at office.
do
do
do
do

*'

do
do
do
do

Nov., 1902
July 1. 1899
1887

Q.-M. N. Y„ Cent. RR. of N. J.

g.

A
A
&
&
&
A
&
A
A
A
A. A
J. A
J. A

g.
g.

J.
J.

g.
g.

g.

N.
do
do
J.
do
do
N. N. Y.. Cent. RR. of N. J.
N.
do
do

J.

1884

1890

7
iM.
J.
M.
M.
J.
J.
M.
F.
J.
J.

Mch. 1,

Balt., at B. A 0. office.

J.
do
do
8.
do
do
A. N. Y. A San Francisco.
N. Y., Fisk A Hatch.
J.
J. Sacram’o State Treas.
N. Y., Fisk A Hatch.
O.
J.
U. S. Treasury.
N. Y„ Fisk A Hatch.
J.
U. S. Treasury.
N. Y„ Fisk A Hatch.
& J.
& J.
Nev; York A London.

....

June 1, 1900
May 1, 1883
July 1, 1921
May 1. 1903
May 1, 1908
Jau. 31, 1884
Jan. 31,1884

Sept.,

1890

Feb. 1, 1884
1895 to ’98

July 1, 1884

Oct. 1, 1900
1895 to ’98

July 1, 1899
1899
Jau. 1, 1888
Jan. l, 1392

i

'

Central Iowa.—Owns from Albia, la., to North wood, la., 190
miles; Muchakinock Branch. 2 miles; Grinnell A Montezuma FTvaneh,
14 miles; Storey City Hr., 33 miles; Newburg branch, 27 miles; Belmond branch, 22 miles; total old road, 290 miles.
Eastern Division
to Mississippi River, 124 miles, and Illinois Division to Peoria. 90 miles.
Total, 504 miles. To join the Iowa wit h tl»e Illinois Division until the
Mississippi is permanently bridged, a contract has been made to estab¬
lish ferry facilities with a capacity to transfer 200 ears a day. Chartered
as Central RR. of Iowa and opened in 1871.
Defaulted and placed in
hands of a receiver in 1873. Reorganized under present title June 18,
1879. after foreclosure sale under first mortgage July 18, 1877.
The stock is $9,100,000 common ; 1st preferred, $907,000, and 2d pre¬
ferred, $1,107,800.
First preferred has prior right to 7 per cent
{non-cumulative); then 2d preferred entitled to 7 per cent; any surplus,
after payment of 7 on common stock, to be divided pro rata between

trusts, construction, taxes, etc., 1881, $535,289; 1882, $638,349.
Interest on income bonds is not charged. See also the Master’s report
Chronicle, V. 36, p. 023. (V. 36, p. 169,312, 365,527, 535, 574,
590, 623, 651, 707; V. 37, p. 22, 48, 98, 201, 233, 423, 4S0, 667.)
Central Olilo.—Owns from Bellaire, Ohio, to Columbus, Ohio
137 miles. Chartered in 1847 and opened in 1854.
Reorganized in
1865. Leased to the Baltimore A Ohio, for 20 years, Nov.
11, 1866;
rental, 35 per cent of gross earnings. Feb. 23, 1880, the lease was
extended to Dee. 1, 1926, with the option of renewing for terms of 20
years perpetually. In 1880-81 gross earnings $1,046,025 ; net, $228,267;
lease rental, $352,108.
In 1831-82 gross earnings, $987,401; net,
$314,932; rental, $345,590. The road between Newark A Columbus
(33 miles) is owned jointly with the Pittsburg Cincinnati A St. Louis

the, three classes.

Francisco, Cal., to
Ogden, Utah, 883 miles, and auxiliary lines, 332; total, 1,215 miles;
operated under lease or contract—the Southern Pacific in California,
Arizona and New Mexico, 1,114; California Pacific, 115, and others.
531; total, 1,960 miles; total length of road operated and accounted for
Jan. 1,1883. 3,173 miles. The Galveston Harrisburg A San Antonio was
given up in February, 1833, leaving the miles operated 2,876. In con¬
nection with the Union Pacific, the Central Pacific forms a continuous
line from San Francisco, Cal., to Council Bluli's, la. (1,918 miles), and
there connects with the lines eastward.
The through route from
Omaha to Sacramento was opened May 10, 1869. The California A
Oregon line is being extended northward to a junction with Oregon A
California, and the whole system requires a map to show it plainly.
The Charter, Leases,
This was a consolidation (August 22.
1870) of the Central Pacific (organized Oet. 8, 1864), California A
Oregon, San Francisco & Oakland, San Francisco A: Alameda and San
Joaquin Valley railroads. The act of Congress of July 1, 1862, granted
U. S. bond subsidies and lands to the Pacific railroads: the act or
July,
1864, made the lien of the Government subject to that of the fir t mort¬
gage bonds, but authorized the Government to withhold one-half the
charges for transportation on its account, and also to ree -ive 5 p r cent
of the net earnings; the “Thurman’* act of May 8. 1878, directed that
the other one-half of charges for Government transportation should lie
withheld, and also that the company should pay ] 200,000 yearly to
the Government for the sinking fund of its debt, or as much thereof as
shall make the 5 per cent of net earnings, plus the whole
transportation
account, equal 25 per cent of the whole net earnings for the year.
The
leases are numerous and mostly for short dates, and the terms of each
in brief were stated in the Chronicle. V. 37, p. 47. The most
import¬
ant leases are those of the Southern Pacific roads, which
expire on Jau.

By extensions since 1880 over 300 miles of track have been laid, and
Peoria, Ill., reached, and by the lower amount of bonds issued per mile
on the new road, the bonded debt is down to an average of $15,000 per
mile on the new and old lim*s together, and $1,000 per mile is the annual
interest charge, in lieu of $1,305 upon the old line alone ; with arrange¬
ments whereby the Central is released from payment of interest during
the present year upon bonds issued on the last 125 mile& of road built in
Iowa, known as the Eastern Division, and from interest obligations on
the Peoria line denominated Illinois Division, until April 1, 1885.
The fiscal year ends Dec. 31. The annual report was in the Chronicle,
V. 30, p. 021. The income account for 1882, compared with the preced¬

ing

year was as

follows:

INCOME ACCOUNT.

1SS2.

Mail, express, Ac

$218,283
735,1.8
47,905

51,207

Total

Operating

1881.

$244,624
910,276

Passengers
Freight

$1,209,109
and taxes

Net earnings

bonds

Interest

on

interest

on ear

trust certificates

Total interest.

675,876

$1,001,366
576,759

$533,233
$277,000

expenses

$592,000

$421,607

25,500

$302,500
$259,000
$230,733
$165,607
—(V. 30, p. 399, 559, 621, 707, 731; V. 37, p. 502 ; V. 38. p. 1 14.)
Balance

over

.

interest

Central of JIa*KacliusettH.—Tliis company was

organized Jan

10, 1883, by the bondholders who purchased the Massachusetts Central
at foreclosure s tie Sept.l, 1883. The road is completed from Boston to

Jefferson, Mass., 48 miles.

(V. 37, p. 202, 207, 321,79, 533.)

Central of New

Jersey.—Owns from Jersey City, N. J., to Iffiillipslmrg, N. J., 73 miles; branches, 30 miles; leased and operated,
in New Jersey, 209 miles, and in Pennsylvania, 201 miles;
total
operated, 573 miles. The principal leased lines in Pennsylvania are
the Lehigh A Susquehanna and the Lehigh & Lackawanna, with
their branches, Ac. Under the lease of 1883 to Philadelphia A Reading
the minimum rental of Lehigli & Susquehanna is $1,414,400 per year
and maximum $1,728,700 till 1888; then $1,885,800 till 1893. and
after that $2,043,000.
In February, 1877, the property was placed in
the hands of a recover, ami on April 1, 1877, default was made on
■consolidated mortgage interest.
Reorganization followed.
Of the
$11,500,000 Lehigh A Wilkesharre Coal bonds, $0,116,000 are held
by Central of New Jersey and receive no interest till all other bonds
are satisfied.
The Lehigh & Wilkesharre Coal Companj^s stock is
$8,700,000, and the company was taken out of receiver’s hands in March,
1882.
(See report in V. 36, p. 706.) The Anier. Dock A Improvement
Co. is virtually owned by the railroad company, and the right exists to
purchase the bonds by lot at 110. The adjustment bonds are payable at
will. The 6 per cent convertible debenture bonds run
positively till
1908, and were issued Oct., 1883, in exchange for the old income bonds
and overdue interest, and balance to pay floating debt and for better¬
ments, Ac.
In May, 1883, tlie road was taken out of receiver's hands, and from
June 1, 1883, leased for 99 years to the Philadelphia & Reading RR. Co.
at 6 per cent on stock and interest on bonds. From 1878 there were
no satisfactory reports of operations.
For seven mouths from June 1 to
Dec. 31, 1883. gross receipts were $7,527,011; net, $3,800,955; rental,
$3,381,268; profit to P. A R., $419,687.
The following is a statement of earnings and'expenses on all the lines
operated in 1882:
1881
Gross

earnings

Operating expenses
Net

earnings

Interest, rentals, etc

Surplus

$10,927,593
6,152,795

$4,774,798

1882

$11,312,296
6,221,225

4,172,143

$5,091,071
4,493,794

$602,655

$597,276

Increased fixed charges for 1882 over 1881 were
mainly for payment
of interest on American Dock A Improvement Co. bonds funded in
1881. As against surplus shown, there are the following
Paid




charges:

car

in

RR. Co.

(V. 34, p. 488.)
Central Pacific.—Ltne of Road—Main line—San

1 and Nov.

1, 1835.

Stock and Bonds.—The stock, has received the following dividends
since 1876, viz.: In 1877, 8 per cent; 1880, 6 ; 1881, 6; 1*82, 6; 1883,
6.
Prices of stock since 1879 have been: In 1880; 63397^; in 1881,
80^3/zTo273; in 1832, 8239397*8; in 1883, 61388; in 18^4 to Feb. 16,
611s367:l4, Most of tlieIssues of bonds have sinking funds, as seen in
the table above, but these sinking funds are invested
mainly in the South¬
ern Pacific RR. bonds, and accumulate; and the bonds are not called
in.
The company’s sinking funds amounted Jan. 1, 1883, to $6,761,420.
of which about $5,251,000 was invested in the Southern Pacific
bonds.
The land grant bonds are retired with proceeds of land sales.
The in¬
come bonds fall due 10 per cent yearly.
The Land Grant.—The total land granted the Central Pacific and the
California & Oregon companies was about 12.000,000 acres, of which
1,031,690 acres had been sold to Dec. 31, 1882, for $5,002,163. In
1882, 196,472 acres were sold for $504,533
Land contracts on hand,

$1,070,976.

Lands yet unsold, 10,968,310 acres.
Operations, Finances, etc.—The Central Pacific Railroad has had a
strict monopoly of business in the territory occupied by it, and even
! in 1833, when five eastern routes are open from the Mississippi River, the
Central Pacific still controls every approach to San Francisco. The
principal questions bearing upon the company’s present and future
status are in regard to the effect of California laws regulating rates; the
Government requirements for sinking fund; and the control of the South¬
ern Pacific road after 1885.
The annual report for 1882 was in the Chronicle, V. 37,
p. 47,
giving full account of the operations, a statement of the leased lines
earnings, the terms of agreement with them, Ao., Ac.
INCOME ACCOUNT.

1880.
Total

gross earnings

1881.

1882.

■

$20,508,113 $24,094,100 $25,662,757

Receipts—

Net earnings
Interest on sinking funds
Land grant bonds redeemed...
Miscellaneous
Contract with W., Far. A Co..

$
7,6^4,504
254,617
200,000
54,855
348,140

Total income
Disbursements—
Interest on debt
Dividends (6 per cent)

8,492.116
$
3,715,325
3,406,530

,

$

9,514,673
262,500
420,000
20,000

$
8,560,991
281,260
711,000

20,485

592,656
10.809.829

$

3,508,29jL
3,556,5wf

9,573,736
$

3,443,413
3,556,530

Total disbursements.
7,121,855
7,061,822
6,999,943
Balance, surplus.
1,370,261
3,745.007
2,573,793
-(V. 36, p. 233, 251, 285, 352, 509, 623; V. 37, p. 47, 189, 343, 447.)

KAILKOAD

F-EBllUAKY, 18S4.
Subscribers will confer

a

explanation of column headings, Ac.,
on

first page

of tables.

20

Income bds.($6,000,000),skg.fd.,10 p.c.per ann’m
Charleston <£ Savannah— 1st M., C. A S., guar
Funded int. bonds, S. & C. RR., guar, by S. Car...
1st mortgage, Savannah & Charleston RR
Charlotte Columbia <£ Augusta—1st mort. consol...

2d Mortgage
Columbia A Augusta 1st mortgage
Churtiers—1st mortgage

138

101
191
191

Equipment trust bonds for $2,000,000..

428
503

428
428
75
...•

....

396
396
186
....

Cheshire—Stock, preferred

1869
1869
1872
1865
1871
1878
1878
1878
1878
1881
1882
Var.
1881
1881
1877
1882

64

Bonds, not mortgage

1st

mortgage
Joliet A Chicago, 7

per cent, stock
St. Louis Jack. & Ch., common stock
*
do
do
preferred stock
do
do
1st mortgage
do
do
1st M. endorsed by C. A A..

S50
S50
322
220
38

$687,000

1,000

3,285,000
505,000
111,800
500,000
2,000,000
500,000

1,000

100 Ac.

500,000
2,350,000
2,000,000
15,000,000

100 Ac.

10,122,500

1,000

1,000

....

....

1873
1863

6,204,000

1,000
1,000

3,865,400
472.000

1,000

403,000
2,100,000

100
500 Ac.
100
100

....

1,000
1,000

564.000

100
....

•

1864
1864

Charlotte Columbia Sc Augusta.—Owns from Charlotte, N. C.»
Augusta, Ga., 191 miles. Leases Atlantic Tennessee A Ohio Railroad,
Charlotte to Statesville, it miles: Cheraw Sc Chester, 29 miles; an 1
Chester A Lenoir, 90 miles. The Cha lotte Col. A Aug. was a consoli
dation (July 9.1809) of the Charlotte w South Carolina and the Columbia
& Augusta. The road has been under the control and management of
the Richmond 6c Danville since 1878.
Gross earnings in ”1881-82,
$OOV,024; net. $181,993; in 18*>2-83, gross, $339,205 ; net, $323,503.
Stock issued, $2,578,000. ( V. 30, p. 251; V. 37, p. 98, 555, 007.)
to

Cliartiers.—Owns from Mansfield, Pa., to Washington, Pa., 23 m.
Sold under foreclosure, and reorganized in 1871. Leased for 99 years
from January 1, 1872, to the Pittsburg Cincinnati Sc St. Louis; the
rental is net earnings. Gross earnings in 1882, $120,022; net income,

$30,818; in 1881, gross earnings, $110,031; net income, $38,218.
Capital stock, $017,850.

Chesapeake Sc Ohio.—Owns from Newp >rtNews, Va., to Big Sandy
River, W. Va., 504 miles; Newport News to Puoebus, 8 miles; coal
hraiiclies, 8 miles; total operated, 520 miles. Consolidation of Virginia

Central and Covington Sc Ohio, and opened through March 1, 1873. The
present company was organized in July, 1878, as successor of the Ches.
& O., which was sold under foreclosure April 2, 1878. The Elizabeth
Lexington Sc Big Sandy Railroad connects on the west with the Chesa¬
peake Ohio Sc Southwestern, and the Kentucky Central road is con¬
trolled in the same interest.
The stocks outstanding were as follows to Jail. 1, 1881: Common,
$15,900,138; preferred stock—first, $8,447,808; second, $9,772,040. The
second mortgage currency bonds till July, 1884, take interest in second
preferred stock, then for two years partly in that stock and partly cash,
and afterwards all cash, if the earnings are sufficient but “ all interest
not paid in cash to be paid in second preferred stock.’’
The cash inter¬
est charge in 1884 is $1,344,300;
in 1885. $1,541,303; in 18^6.
$1,644,303; in 1887. full interest, $1,944,303.
The mortgage bonds
of 1882 for $3,000,000 are secured on road from
Newport News
to old Point Comfort, Va., and terminal works; and on a branch
to be built in West Va. from Scary Creek to the Ohio River.
First pref.
stock has prior right to 7 per cent, from surplus; then 2d pref. to
receive 6 per cent.
The Ches. & Ohio guarantees $700,00 > bonds fora
grain elevator, but in case of paying them will take the elevator.
Prior to 1882 there hail been very

large extraordinary expenses charged
operating, which reduced the net earnings. Earnings and expenses
follows in 1881, 1882 and 1883 :
Gross Earnings.

$2,705,343'

1882

Op’g Expenses. Net Earn’gs.
$2,267,403
$437,910

3,334,976

2,302,448
1,0 12,528
3,906,791
2,553,492
1,353,299 I
-(V. 30, p. 221, 251, 364, 560; V. 37, p. 266, 610; V, 3 3. p. 202.)

Chesapeake Ohio A: Southwestern,—Owns from Elizabethtown
Ky., via Paducah, to Memphis, Teim., 351 miles; leased, Ceeilian branch
of L. Sc N., 47 miles. Total operated, 398 miles. This road forms the
western connection of the Chesapeake A Ohio and the Lexington Sc
Big
Satuly. The company purchased the Memphis Paducah Sc Northern—
Paducah to Memphis—and the Paducah A Elizabethtown, subject to the
$500,000 mortgage on the latter, and leased in perpetuity tlie Ceeilian
Branch of Louisville Sc Nashville, from Louisville to Ceeilian Junction,
for $60,000 per annum, with option of purchasing it.
Stock—Common,
$6,348,000, and preferred, $3,696,000. Gross earnings for year 1881
on 350
miles, $789,182; net, $174,796.
In 18 82 gross earnings,
$1,027,598; not, $252,254. (V. 35, p. 71, 78 ; V. 37, p. 446.)
Cheshire.—Owns from

South

Ashburnham,

Mass.,

to

Bellows

Falls, Vt., 54 miles; leased, Mouadnock Railroad, Winehendon
Peterboro, N. II., 16 miles; and 10 miles Vermont-Sc Mass; total

gwtija

S5BH8

to

80
miles; but the Mouadnock, 16 miles, is not included in the Cheshire
earnings, leaving 64 miles operated.
$>1,030 rental paid to Vt. A
Mass, for leased portion of road. Capital stock— comm m, $53,330, and
preferred, $2,100,000. Gross earn in gs in 1881-82, $ >2 >.075; net in¬
come, $114.201. In 1832-83. gross $ >34,524 ; net, $107,226; interest,

$48,030; dividends, $63,030; deficit, $3,773.
Chicago Sc Alton.—Link

Road—Joliet to East St. Louis
(main), 244 miles; Branches—To Coal City, 30 miles; Dwight to
Washington Sc Lac’u, 80 miles.; Roodhouse to Louisiana, 38 miles;

Upper Alton line,

of




7

1^
5
5
7
7

Bonds—Princi¬

pal,When Due.
Stocks—Last
Dividend.

J.
A.
M.
M.

&
A
A
A
M. A
J. A
J. A

J. N. Y., Cent. Pac. Office. July 1, 1890
0.
N. Y., Fisk A Hatch.
Oct. 1, 1890
N.
N. Y. and San Fran.
May 1, 1888
S. Charleston, 1st Nat. Bk. March 1, 1877
S.
New York.
Sept, 1, 1899
J.
do
Jan. I! 1889
J. N. Y., Nat. Park Bank. Jan. 1, 1895
A. A 0.
do
do
Jan. 1, 1910
Jan., 1, 1890
A. A 0. Philadelphia, Penn R.R, Oct. 1, 1901
J. A J.
N. Y., Fisk A Hatch.
July 1, 1898
A. A O.
do
do
July 1, 1908
M. A N. N. Y\, Company’s office. July 1, 1908
J. A J.
do
do
July 1, 1918
A. A 0.
N. Y., Fisk A Hatch.
Jan. 1, 1911
J. A D.
do
do
June 1. 1922
Various N. Y., Company’s Office,
Various.
F. A A. N.
52 Exch’ge Place.
Feb. l, 1911
F. A A.
do
do
Feb. 1, 1911
F. A A.
do
do
Feb. 1. 1897
J. A J.
do
do
Yearly to 1892
J. A J.
Jan. 10, 1884
Keene, N. II.. Office.
J. A J. Boston,Bost. Nat. Bank. July 1,’9GA’98
M. A S. !N.Y.,Jesup, Patou A Co. Mill. 1, 1884
M. A S.
do
do
Mch. 1, 1884
J. A J. Loud’n.J.S. Morgan ACo.
July 1, 1903
J. A J. N. Y.,Jesup, Patou A Co,
Jan.. 1893
N. Y. U. S. Trust Co.
Q.-J.
Jan., 1884
Feb. 1, 1884
I
Feb. 1, 1884
A. A 0. N.Y\,Jesup, Patou ACo.
April. 1894
A. A OJ
do
do
April 1. 1894
....

corporation succeeded to the property, which was sold under fore
closure in the following year and transferred to new organization in
October, 1862.
Chicago and St. Louis were connected by the present
line in 1864. The annual meeting is held the first Monday in
April.
The Joliet Sc Chicago is leased from January 1,
1864, for the
term of its charter, and forms part of the main line.
Rental, 7
per cent on stock.
The St. Louis Jacksonville A Chicago was
leased in perpetuity from April 30, 1868, at a rental equal to 40 ner
of gross earnings until the amount reached $700,000, with a
minimum of $240,000 a year, and the company is to be merged with
Chicago vt Alton an l its stock exchanged for Chicago''& A1 toil stock.
The Louisiana Sc Missouri River Railroad is leased for 1,000 years
from August 1, 1870. Rental, 35 per cent of gross earnings,
but inter¬
est guaranteed on second mortgage bonds and preferred stock as
above; the other preferred stock is $1,010,000 and common stock
$2,272,730. (See its report in V. 36, p. 535.)
The Kansas City St.
Louis Sc Chicago is leased to the Chicago Sc Alton company in perpetuity
from Nov. 1, 1877. at a rental of 35 per cent of gross earnings, less taxes
and assessments. The oouds are held by U. S. Trust Co. as”security for
the C. Sc A. bonds of 1878 issued to build this road, and a sinking fund of
$60,000 per annum provided for their redemption. Should the 35 per
cent be more, than sufiicient to pay bond interest and 7 per cent on
tlie stock, the excess is to go t o the lessees. The Mississippi R er Bridge
is leased in perpetuity from December 3, 1877, at a rental of .163,000, to
be applied in payment of 7 per cent on $200,000 stock, and 6 i er oeut on
cent

$700,000 bonds.

The Chic. Sc Alton preferred stock lias prior right to a non-cumulative
dividend not exceeding 7 per et. from net earnings, and (after p lymeut
of 7 on common) also shares wit h common in any surplus.' Prices of
stock have been as follows: Preferred in 1881, 140® 153: in 1882,
130a; 146; in 1883, 140o>150; in 18^4 to Feb. 16, 150® 150. Common in
1881. 127@156; in 1882, 127^^145^; in 1883, 128@13714; in 1884 to
Fob. 16. 133% @ 140 *4.
Dividends have been as follows: In 1377, both stocks, 7^ ; in 1878,
both 7; in 1879, preferred 7, common 6; in 1883, pref. 7, com O^j;
in
L8SL both 8; in 1832 both 8 ; in 1883 both 8.
Operations and Finances.—The Chicago Sc Alton road lias been par¬
ticularly strong in having a large local busiuess between Chicago and
St. Louis, so that it was less dependent on through business, which is

done

at

competitive rates. Its leased lines are as completely controlled
system is compact.
1833 in Chronicle, Feb. 23, 1834, had the follow¬
ing: “From one-fifth to one sixth of the gross earnings from freight
traffic during the last three jroirs lias been received for
transporting
farm products of all kinds shipped at local stations, and during the
l ast year the gross earnings from i hat description of traific amounted
to about one-eighth of the total gross earnings of our lines
The agree¬
ment proposed relative to the 8t. Louis Jacksonville Sc Cnicago Railroad,
as per the terms of a circular a idressed to the stockholders of our com¬
pany und *r date of April U). 1883, is not yet concluded. Tin; written
if owned, and the
Animal report for

as

consent of more than three-fourths in Interest of each class of our
shareholders was given in response to the circular; but it has been consi lered best that the agreement, if concluded (as we hope it will be),
shall be ex- cuted on the part of the St. Louis Jacksonville A Chicago
Railroad Company, in pursuance of authority conferred upon its officers
by the shareholders of that company, acting at an annual meetiugconveued in pursuance of the terms of the charter of that company. Their
next annual meeting will be Hold in April of the present year, when itise vpec'.ed that they will acu upon the propositi which our company has
made to them.”

Operations, earnings. «fec., have been

as

Fiscal year ends Dec. 31.

follows for four years past.

OPERATIONS AND FISCAL RESULTS.

1880.

Operations—

Passengers carried

1881.

’.

1832.

1883.

1,203,5 49
Passenger mileage... 78,270,565

1,495,000
1,666.901
1.80 5,140
92,847,464 101,150,959 106,028,676
Rate 19 pass. $ mile
2-076 ets.
1-828 ets.
2* 141 ets.
1,951 ets.
Freight Rons) moved
3,071.788
3.275,0 >1
3,522,8 40
3,488,490
Fre i gi 11; tm i s) mi leage LSI, 474,730 447,009,977 474,823 908 5 19,369,534
Av. rate $ ton $ mile
1-206 ets.
1-2 41 ets.’
1-241 ets.
1-123 Cts.
$
$
$
Rarniif/s—
$
1,697,5 42
1,624,068
1.973,100
Passenger
2,270,379
Freight
5,948,123
5,808,484
5,54 ;,8 ;o
6,197,681
254,073
313,329
Mail, express, Ac
294,271
312,550
..

.

Total gross earnings.

7,087,225

7,557,740

Operating expenses..

4.061.82 4

4,14 >.713

8,215, 49 4
4, 485,88 1

8,mo,610
4,879,958

Net earnings
P.c. of op.exp. to earn

3,625,401

3,408,027

3,720,613

3,930.652

52-82

5 4-90

54-60

55-38

1

INCOME ACCOUNT.

1880.

8 miles.

Total owned, 400 miles.
Leased—Chicago
Joliet, 37 miles; Bloomington to Godfrey. 150 miles; Louisiana
Cedar City, 101 miles; Kansas City to Mexico, 162 miles.
Total
leased, 450 miles. Total operated, Dec. 31. 1882, 850 miles.
Organization, Lf.asks, Stocks and Bonds.—Chartered as the Chic.
& Miss., Feb. 27, 1847; reorganized under act of Jan.
21,1857, as
Cliic. Alton & St. Louis, and under act of Feb. 16, 1861, the present
to
to

6
4
4
« g-

4,379,850
2,383,000
1,500,000
1,293,000
1,034,000
2,365,000

....

150
37

1*2

12,506,400
2,425,400

1,000

g.
g.
g.

5-6
6
6-8
6

8OU.O0O

1,000

g.
g.

g.
6 g.
6

1,013,000

1,000

....

....

2.000,000
42,000

1,000
1,000
-

8
6
8
6
7
7
7
7
7
7
6
6
6
6
6

189,500

....

1,000
1,000

Charleston Sc Savannah.—Owns from Savannah, Ga., to Charles¬
ton Junction, S. C., lot miles; operates—Ashley River branches, 4 miles:
Charleston Junction to Chavieston. 7 miles; total, 115 miles. This was
first the Charleston 6c Savannah Railroad; reorganized in 1800 under
name of Savannah 6c Charleston, and opened March, 1870.
Sold in
foreclosure June 7, 1880. and present company organized.
Stock,
$1,000,000. Earnings in 1880-1, $301,570; deficit. $11,310. Earnings
in 1881-82, $.587,950; deficiency, $70,100.
H. B. Plant, President,
New York.
(V. 35, p, 291; V. 37, p. 555.)

Years.

^5

Rate per When Where Payable, and by
Cent.
Whom.
Payable

5,949,000

500
100 Ac.
500
500 Ac.

....

....

Outstanding

1,000

’76-’7S

Chicaf/o <£ Alton—Common stock
Preferred st’ck (7 p. c. y’rly not cumulative)
General mortgage, sterling, for £900,000

Amount

$1,000

1868

....

23

Paducah A Elizabethtown, 1st mortgage

1870
1870
1878
1853

All.
101

....

Chesapeake dc Ohio— Parch. money funding bonds...
1st mortgage, gold, “A’'
do
(\o “B”
2d mortgage, cur. (interest in stock or cash)
1st mortgage, gold, Peninsula Extension
1st mort., gold, on extension (for $3,000,QUO)
Equipment trust bouds
Ches. Ohio & Southwest.—1st M., gold ($19,000 p. m.)
2d mortgage ($11,000 per mile)

were as

BONDS.

INTEREST OR DIVIDENDS.

Miles
Date Size, or
of
of
Par
see notes
Road. Bonds Value.

Central Pacific—[ Continued)—
San Fran. O. & A., 1st M. (s. f. $100,000)
Land grant mortgage bonds

to

AND

great favor by giving immediate notice of any error discovered In these Tables.

DESCRIPTION.
For

STOCKS

Total gross earnings
Net Receipts—
Net earnings
Other receipts

Total net income...

1881.

1882.

1883.

$
7,687,225

$
7,557,740

3,625.401
269,505

3,408,027'

3,729,613
332,547

3,9 10,65 2

306,791

3,891,906

3,714,313

4,062,160

4,215,425

$
8,215,494

$
8,810,610
2

84.773

■

Subscribers will confer a great favor

notes

Chicago <£ Alton—'Continued)—
St. Louis Jack. A Chic., 2d M. endorsed by C. & A..
2d mortgage

do

La. A Mo., 1st M. ($439,100 assumed by C. &A.)
do
2d mort. (int. guar. C. & A.)
do
guar. pref. stock
Bonds for K.C.St.L.& C. (1st mort. as collateral).
guar. C. A A
Preferred stock do
do
Common stock
C. A A. bonds on Miss. Riv. Bridge, 1st mort., gold

B.),

Chicago <f- Atlantic—1st mort.,
2d mortgage

by giving immediate notice of any error

Date
of
of
Road. Bonds

Miles

examination of column headings, Ac., sec
on first page of tables.

do

gold

I

B’ds for St. L. R. I.

.

.

registered.

j

l

A C. (sink, fund $50,000) coup.

Quincy Alton 6c St. Louis, 1st mortgage, guar
Burl.A Mo. Riv., 1st on r’d 6c400.000ac’sI’d i Cp.
do
do

1st M. oil br.,C.B.AQ.stk.(5tli
Conv. bonds, C.B.AQ.stk.(Oth

Total disbursem’ts.

1,067,991
1

1,096,995
431.644

771,360
147,418
854,359
132,743
2,973,871

762,001
171,662
1,077.976
232,510

3,772,788

sur. ordef.. sur.921,035 def. 57,970
-(V. 36, p. 218,453; V. 37, p. 127,418.)

Balance,

Chicago Sc

162

1878

1,000

1,000
100

249

740

100
96

/

33
40
70
44
40
270
46
281
40

1,000
1,000

1873
1879
1881
188!
1883

1,000
1,000
1.0 00

1,000
1,000

9,000,000

ioo

4,300,000
591,000
653,000

1860

1864
1872
1875
1869
1870
1870
1870
1876
1876
1863
1869
1870

1,127,534
71,222
761,122
198,621

1,033,030
97,910
306,000
3,645,518

N.Y.,Jesup, PatonA Co.

Q.-F.

1,000

1,000
50 Ac
500 Ac
500 Ac

tracts

$
1,208,277
740.759
700.5H
,217,074
1,10 4,1-4

86,963

....

..

4.1t...,^l

sur.416,642 sur. 67,624

the

560, 731; V. 37, p. 22.)

Chicago Burlington Sc Quincy.-Line of Road —The C. B A
■Q. is om: of flic most complex railroad systems in the United States. Its
network of lines in Illinois, Iowa and Nebraska could onlv he shown in
the Supplement by a map. The main line extends from Chicago, Ill.,
to Burlington, Iowa, 204 miles, and thence to Pacific Junction, 206
miles, and from Pacific Junction to Denver. Col,, 669 miles, making the
distance from Chicago to Denver l,o79 miles. From Pacific Junction
to Council Bluffs is 18 miles (tiack used jointly with K. C. St. Jo. A C.
making the C. B. A Q line, Chicago to Council Bluffs, 428 miles.
TheExtens. to Denver was opened May, 1882. Besides numerous local
roads the company also has its line in Illinois to East St. Louis, and to

Quincy, connecting with tin* Hannibal A St. Joseph road (purchased by
C. B. A Q. in 1S>3) across Missouri to Sr. Joseph. Tne mileage reported
at the close of 1882 was 3.229.
In addition to this the company con¬
trols and largely owns tin* St. Louis Keokuk A N. W. road, 18rL> miles ;
the Kansas C ty St. Joseph A Council Bluffs. 313 miles; the Chicago
Burlington A Kansas City, 153 miles; the St. Joseph A Des Moines, 50
miles; and a half-int rest with Wabash in the Humeston A Shenandoah
road, 1 13 miles. Also owns a majority of the stock of Hannibal A St.
Joseph Co., purchased in 1883.
Organization, Ac.—TheC. B. A Q. was a consolidation in 1850 of the
•Chic. A Aurora and the Cent Military Track railroads, and purchased
in 186a the Northern Cross RR. and in 1862 the Peoria A O piawka road.
_

The pit*sent company was a consolidation in January, 187'*. of tin*
Cli:-'*f<.»M Burlington A Quincy in IMiinu® and ine Burlington A Missouri
River in Io-.va.
In 1880 the Burlington A Missouri in Nebraska
vras
absorbed.
The leased lines are practically owned and there
Is no charge for rentals in the income account, except as interest on
bonds. The ownership in the other roads above-■mentioned is in the
stoeks and bonds thereof, and their accounts arc kept separate (701
miles in all), and in the balance sheet the cost to C.B. AQ is put d.iwn

In April, 1883, the Chicago Builiugton A Quincy pur¬
chased of Mr. Jav Gould and others the common stock of the Hannibal
A 8t. Joseph Railroad at the price of about 45. and part of the preferred
stock at par. and paid for these wTitii its$9.00 >.<MH) of 5 per cent bonds
at. par. The fiscal year ends Dec. 31.
Annual election in Apr 1.
Stocks and Bon s—The stuck has been rapidly Inn* used fer tile,
acquisition of new lines, and in 1880 a distribution of 20 per cent in
stock was made. Dividends since 1876 have been: In 1877. o per
cent; in 1878. IOLj; in 1879, 8; in 1880, 9*4 cash and 20 stock; in
1881,8; in 1882,8; in 1883, 8. Tin* prices of stock have been: In
1881,1331-2^182^; in 1-S2, 1201a^L41; in 1883, 1153*3129!%; in

on

of

and
Col.
bonds, such scrip being ex¬
changed April 1,1882, into Chicago Burlington A Quincy stock. The
Kansas City St. Joseph A Council Bluffs and branches was purchased,

5 per cent bonds held in trust, and an equal
scrip was also issued to subscribers to the

amount of Rep. Valley stock

254 miles, and the Chic. Burl. A Q. 4 per cent bonds due Sept. 1, 1921,
issued to pay for it. Enough of the C. B. A Q. consolidated mortgage
is reserved to take up prior debts. The bonds of 1876 for St. Louis Rock
Island A Chicago Railroad arc plain bonds of Chic. Burlington A Quincy,
offset by mortgage of like amount on St. Louis Rock
A
road deposited w-ith trustees. There are sinking funds for most of
issu* s of bonds.
Land Gr ant.—The lauds were obtained by the eo isolidations with

Island

Chicago
the

Burlington A Misso ri in Iowa and Bu lington A Missouri in Nebraska.
In Iowa only 2 4,578 acre-* remain unsol l. and the contracts outstan ing Den. 31 were for $1.40 *,799. In Nebraska the total quantity r> •
coived under the grant was 2.365.864 acres, of which there had bco.i
sold to Dee 31. 1882. 2. 31.6 >7 acres, for $10 439.6 40, an average
price of $5 13 per aoro. The gross sales for tho year 1882 were 24' .1 "5
acres, for $1.02 1,536. an av.*r vge p ice of $ 4 25 per acre, and the lands

l 5 ). I *6 a *r.*s. representing $2 41,708, leaving net s-L-s of
190,978 acres, for $782,8 28, an average price or $i op p**r acre
C hu
receipts to- the year 1882 were $l,43J,79l. In tho assets are: Can-

1903
1884

f;s-

Oct. 1,
Nov. 1,

Q.-M.

2
7
4 A 5
4
4
5
4 S-

7
5
8
8
8
8
5

J.
J.
J.
J.

5
7

F.

A J.
A O.
A A.
A S.
A N.
A J.
A O.
A J.
A D.
A J.
A J.
A O.
A J
A O.
A A.

A

A O

8
8

J.
J.

A J.
A J.

J.
A.
F.
M.

M.
J.

rr

A.

4

A.

J.
A.

N.Y., N. Bk. of Com’rce.
Boston, Co.’s otlice.
do
do
N.Y., N. Bk. of Com’rce.
New York and Boston.

N.Y., Farmers’ L.A T.Co.
do

hand, $4.450,849; interest on

15,1883
July l, 1903
Oct. 1,
Fclv 1.

1919
1922
Sept. 1, 1921

Oct. 1,
Jan. 1,
June 1,

1890
1896
1895

July 1, 1889
July 1, 1900
1,
1,
Oct. 1,
Feb. 1,
Oct.
1,

July

1890

1890
1901
1896
1893

July 1, 1894
July 1, 1889

Boston, Co’s Office,
do

do

Dec.

Oct.

Boston.

N.Y., N. Bk.of CommTev
Boston, Co.’s Ollice.
do

1912
1920
Aug. 1, 1923

May 1. a 913
July 1, 1890

Frankfort.

contracts on h;«:nl, $622,230

$749,6^7.

33 ,-256-SI acres unsold lands, estimated at $2 25 per acre,
Oi’Eii vtio.ns and Finances.—The Chicago Burlington A Quincy Rail¬
road has bc.cn one of the most profitable in the. country, asjts numerous

the main line were built into choice?agricultural
territory, where they enjoyed a monopoly of the local business at full
rates.
Recently the company has greatly extended its lines and in¬
creased its stock and bonds, but the latter only at 4 to 5 per cont inter¬
est. since it could borrow'at the lowest rates. The result of tho extension
to Denver, the purchase of Hannibal A St. Joseph, and other extensions
remains yet to he fully determined. The increase in stock and debt was
about, $74.900,00.> in three years, viz., from $58,000,000 January,
1880, io $132 000.000 January, 188 1; but the full effect could not be
felt in the interest and divider, d charges till 1883.
The company gives
no full ti-alfic statistics in its report, and the mi cage of freight and pas¬
sengers is not known; hut corn is by far the most important single
article carri- d, and in 1880 the road brought to Chicago over 40,000,000
bushels, but ill 1882 (alter the coru failure of 1881) only 15,000,000
branches tributary to

bushels.
In 1883 the gross

earnings were $26,llr>,369, against $21,550 805 in

$10,882,464 in 1882. The annual
in the Chronicle, V. 36, p. 423.
Comparative statistics for four years are as follows:
net, $13,329,739, against
report for 18'2 wras published

18^2;

road and

1379.

Total

equipment.
1880.

2,675

97

98

1,857
$

operated

3,131

2,826

97

Earnings—
Passenger
Freight
Mail, express, Ac

1882

1831.

1,760

Miles owned and leased
Miles operated jointly.

2,566,652

2,772

$

3,534.209

$

2,924

3,616,086

98
3,229
$
4,756,992
15,711,510
1,534,802

11.650.023
599,831

16,054,197

16,595,819

Total gross earnings. ..14.817,105
Total operat’g expenses 7,228.222

20,491,047

21,324,150 22,003,304

9,302,904

10,574,357 10,668,341

7,588,833

11,129,143

10,749,793 11,334,963

Net earnings.

903,641

1,112,245

INCOME ACCOUNT.

1879.

$

I cccipts—
Net earnings

7,588,883

1882.

1881.

$
$
10,749,793 11,334,963
1.170,437

1,329,725

11,920,230 1.2,664,638

12,028,458

179,093

203,006
3,282,718
441,590
4,366,004
563,385

310,668
3,430,154
4,349,286
687,246

148,771
3,883.789
615,622
5,023,599
631,443

1,230,000

1.000,OUO

750,000

2,110.5)38
Taxes
328,814
3,081,985
Dividend**
Carried to sinking fund.
230,493
Accounts written off
423,o85
Trausf’d to reuew'al f’nd 1,000,000
Interest on debt

7,354,438

Balance, surplus.

10,106,763

234,415

Total disbursements

In 1879, 6; in

$
11,129,143

7,588.883
$

Total income
Disbursements—
Rentals pa d

*

1880.

899,315

Net B. A M. land grant

$16,342,893.

1884. to Fell. 1 6,118*2® 127psThe C. B. A Q. on many of its branch linos gave a traffic guarantee
40 to 50 per cent, which was u-»ed in purchasing their bonds. The C. *•*
A Q. 4 per cent bonds were issued against Rep Valley
Bur. A

1,
1.

Feb.

New York A London.
New York.
N. Y., Bk. of Commerce,
do
do
do
do
do
no
do
do

4,182.050
74,000
159.500

1883.

May

M. A N
F. A A.

720,000
2,325,00 )
840,000

1,000

July, 1898
July, 1898
Aug., 1900
Nov. 1, 1900
Feb. 1, 1884
May 20, 1881

890.500

1,000

do
do
do
do
do
do

do
do
do
do
do
do

N.Y.,Jesup, PatonA Co.

1,076,000

500 Ac

Dividend.

Chic.. Ill. Tr. A Sav. Bk.

378,000
545.500

500 Ac,

Stocks—Last

A. A O.

547.500

1,00b
1,000

J.
J.

X' 1'iUC.-

7*40
6

6,500.000
5,000,000
69,814,191
13,986,000
11,496.000
7,963,000

’

& J.
& J.
F. A A.
M. A N.
F. & A.
M. A N.

lhi

692,000
'

Payable, and by

6 g.

271.200
1877
1880
1883

Where

Whom.

3^

2,73 1,000
1,750,000

100

Atlantic.—Opened May 14. 1883, from Marion, O., on

237, 405, 546, 705, 707; V. 36, p. 339,

1,921,695

&

492,154

10,269,808 11,053,224
1,030,422 1,611,464

I860, 9^; in 1881, 8; in 1382, 8.

GENERAL BALANCE AT CLOSE OF EACH

1879.

Ruiir’d.equipni’t.Ao

1380.

FISCAL YEAR.

1881.

1882.

.69,244,012 109,596,188 117,527,014 133,493,121
4,510,668 10,581,938 19,318,243
3,520,158
2,641.433
2,988,015
2,071.740
1,295.190
2,575,996
1,605.273
1,781,127
2,846,660
2,223,110
2,44 >,237
3,137,995

Stocks owned, cost
Bit s A acc’ts ivc’vable 1,301,710
Materials, fu 1, Ac
753,58952n,661
Cash on hand
Trustees B. A M I’d gr. 1,695,842
Trustees C B. A Q. s. fd. 1,273,415
...

Eng.Tr.C

.trustees
Miscellaneous

N

To'al

Total
p

52,773,940

197,714
1,255,133
18.503

$

$

55.263,790
73,657

69,578,340

51,927,725

62,421,050

74,256

27,270.225
2,963.083
3,233,000

1,565.000
44,093,925
3,9 *3,735
10,324.800

2,1*64,>>15

2,790,370

16,266
2,0 'O.iiOO

1.769,837
4.2 0,000

1,673.582

119,419
3,2 >0,000
2.720,704

76 60 i

3,738.207

71,356

4,766,661

4,6 7,071

7,195,000
3,419.814

4.691,366

6,227,000
4,023,105
6,652,788
5,1)00,000
1.352,622
5,888,018

74,801,229 12 1,404,356 138,73 >,054
312, 423, 731; V. 37. p. 231, 266, 401, 610,

165.831,380
C37 ; V. 33,

I m o lie account
Renewal fund.
Misc«*llan,*oas
Profit and loss

V. 36, p. 29,
2 J, a7, 2u2.)

1,631,407
840,708

120,850

Republican Val

Sinning funds
Cont ng- nt liabilities
Land grant s ilk, luud

—

560,207

$

30,883,600

Stuck, common
S OC S B. A M
Slock
Bun s

1,281,007

74,801.229 125,401,356 138,739,054 165.831,380

Liabilities—

revert




.>

pal.When Due.

Payable

7
7
7
7

360,000
1,854,000
300,000
262,100

line ot N. f. Pa. AO., to Hammond, In l.. 249 miles, and tinnee over
the Chicago A West. Ind. to Chicago, 19 miles. Built as a connecting line
for N. Y. P. A O. and N. Y. L. E. A W., and both these companies guaran¬
tee the gross earnings on business over their roads to and from
Chic. A Atlantic, as security for interest on the bonds. Stock, $10,o00.000. of which 89.000,090 is deposited with H. J. Jewett. President of
N.Y.L E.AW.,in trust to hold and vote on it.
(V. 35. p. 51, 211,

as

discovered in tbese Tables.

When

Rate per
Cent.

$188,000

$

$

Outstanding

1,000
1,000

1882.

$

Amount

Par
Value.

$1,000

ser.) ) reg.

1881.

1880.

Disbursements—
Rentals paid
Coust.rue’a, equip., Ao
Interest on debt
Taxes
Dividends
Miscellaneous
Jol. A Clii. b’ds red’d.

ser.) > or

or

1868
1868
1870
1877

249

Trust mort.on Iowa lines,coup.or reg.(s.f. l^p.c.)
Bonds Den.Ex.(Rep. Vai.and B.A Col.bds pledged)
Plain bonds (s.f.l p c.) for K. C. St. J.A C.B. stock
Debenture bond-* for Han. A St. Jo. stock
Northern Cross R. R. 2d. mortgage, gold
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)
Bonds of 1875, (sinking fund $13,800 per year)..
Dixon Peoria A Hannibal, 1st. )
f
Ottawa Oswego A Fox Riv., 1st I Coup., but may
Illinois Grand Trunk, 1st mort f lie
{

Size,

37
150
101
101

3,229
Chicago Harlington <& Quincy —Stock
825
Consolidated mortgage coupon, (for $30,000,000)

Quincy A Warsaw, 1st mort

Vol. XXXVIP

J

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

BONDS

AND

RAILROAD STOCKS

26

.

4, \

5,381,174

F^i rua y,

RAILROAD

1884.J

SIOCKS

AND

sr

BONDS

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For

explanation of column headings, Ac., see notes
ou

first page

of tables.

Chicago Burlington d Quinci/— <Continued)—
Buri. A Mo. consol.M.for $14,000,000, s.f. $30,000
do
Omaha A S.W., 1st M., guar
Bull. A Mo. bonds, s. f. for Atch. & Neb. RR. stock
Nebraska consol, mort., guar

Republican Valley RR., sink, fund bonds
Atchison A Nebraska. 1st mortgage
Lincoln A Northwestern RR. bonds
Kansas City St. Jo. A C. Bl., mortgage
do

do

191
49

1878
1872
1880
1877
1879
1878
1880
1877
1877
1872
1859

•

.

133
148
72
274

income bonds, reg...

Southern—1st mort., gold
Chic- Detroit d Canada Gr. Trunk Junction—1st M.
Chic, d East. III.—Stock
1st M.rcoup. is. f. $20,000 after ’85)
2d mortgage income (non-cmmulative)
C. AE. III. Extension, 1st mortgage
Dan. A Grape Creek RR.—1st mortgage

Chicago d Grand Trunk— 1st mortgage, $ and £—
2d mortgage for $6,000,000
Northwest. Grand Trunk, 1st mort
Chicago d Iowa—1st mort., coup., may be reg

Nebrasica—Stock

/now 1 at)

Date
of
Bonds

149

Chicago d Canada

2d mortgage
Chicago loira d

Miles
of
Road.

1

59

253
123

123
14
12
330
330
66

80
£0
82
82

4,520
4,520

Chicago Milwaukee d /St. Paul--Com. stock
Preferred st’ek (7 p. c. y’rly, not cumulative)
1st mortgage (Lacrosse Div.). con. or reg
2d mort. (Lacrosse 4iiv.) ? Coup., but may be
1st mort. (Iowa A Milan J.org. by endorsement

67

C

\

370
370
220

1877
1877
1881
1880
1880
1832
18*0
1870
1871

INTEREST OR DIVIDENDS.

Size,

or

Amount

Par
Value.

Outstanding

$600Ac. $11,441,200
.710.000

1,000
1,000

3,347,000

1,000

560,000

1,000

939,000

100 Ac.

1,125,000
600,000
4,495,522

100 Ac.
100

2.488,174
2.541,000
1,095,000
3.000,000

1,000
100
100
100 Ac.

3.000,000
767,000

100 Ac.

250,000
250,000
6,351,016

1,000
1,000
£100 Ac

3,818.905

1,000
500 Ac.

649,500

,

1875
1363
1864
1867

1,000
1,000

600.000
1,150.000

100

1863

Rate per
When Where
Cent.
Payable

3,916,200

500 Ac.

100
100

211,500

30,904.261

1,000

16,540,983
11,083,000

1,000

5,279.000
337,000

1.000

3,201,000

l’ooo

Chicago Sc Canada Southern.—Owns from Grosso Isle, Mich,
On Nov. 1, 1879, it was transferred to the Lake
It has a capital stock amounting to $‘2,(>(>7.400
and a bonded debt of $2,541,000, and owes upwards of $1,080,000 over¬
due coupons. Original cost, $5,170,557. It is a part of a projected line
between Chicago and Detroit River, but failed in 1873.
Augustus
Schell, President, N. Y. City.
do Fayette. O.,07 miles.
Shore A Mich. South.

6
8
4
7
6
7
7
7
6
/ g.
6
3
6
7
6
6
6 g.
5
6
8
8
5
7

3*2
3*2
7
7
7
7

A.
A.
J
1.

A

J.

Whom.

Boston. Co.’s Office.
do
do

J. A J.
J. A r\

Boston, N. E. Trust Co.

t 0.
A J.

Stocks— Last
Dividend.

Payable, aud by

Boston, Co.’s Ofiiee.

do
do
do
do
do
do
J. A J.
J. A J. Boston and New York.
A. A 0.
Boston, at Office.
A. A O. N. Y., Union Trust Co.
J. A J.
London, England.
M. A S. N. Y., Central Trust Co.
J. A D. New York. 4th Nat. Bk.
N. Y., Central Trust Co.
Dec.
J. A D. New York. 4th Nat. Bk.
M. A N. Boston, Globe Nat. Bk.
J. A J. New York and London.
do
do
J. A J.
J. A J. N.Y.. E.P.Beach.B’way.
J. A J. New York and Boston.
do
do
J. A J.
J. A J. Boston, Mcreh. Nat.Bk.
F. A A. N. Y., Nat. Park Bank.
A. A O.
New York, Office.
do
do
A. A O.
do
do
J. A J.
do
do
J. A J.
do
do
A. A O.
do
do
J. A J.
A S.

,

July
June
Jan.
Oct.

1918
1896
1910
1896

1,
i,
1,
1,

July 1, 1919
Mar. 1, 1908
Jan.
Jan.
Jan.

1, 1910
i, 1907
1, 1907
April 1, 1902
July 1, 1884
Mar. 1, 1882
Dec.

1.

1907

Dec., 1907
Dec. 1, 1931

May, 1920
Jan. 1, 1900
Jan., 1922
Jan. 1, 1910
Jan. 1. 1900

Aug. 1, 1901
Jan. 1, 18S4
Aug. 15, 1894
Oet. 15,1883
Oct.

15, 1883

July 1, 1905
1893
1834
1897

net earnings (except that $250,000 above interest on bonds may be
reserved as a working capital, before payment, of the dividend.) After
payment of 7 on preferred and 7 on common, both classes share prorata.
Dividends paid on the stocks since 1873 have been as follows : In 1874,
7 on

preferred in consol, bonds; in 1875 no dividend made; in 1876, 3*a

cash on preferred and 14 per cent in bonds; in 1877, 3*2 on pre¬
ferred; in 1878, 10*2 on preferred: in 1879,2*2 on common and 7 on

preferred; in 1880, 1881, 1882 and 1883,7 on both. The range in
prices o’ stocks since 1877 have been. Preferred in 1878. 64^84%;
in 1879. 74^8^102^4; in 1890,99^124*8: in 1881, 116^140; in 1882,
114*2®144*4: in 1883, 1155,122*4; in 1884 to Feb. 16, 113^^118*9.
Common stock >n 1878, 27*25>54os; in 1879, 3 l385'8218: In 1880, 66*2
511434: in 1881, 101*23129*4; in 1882, 96*23128*4; in 1SS3, 91^3
108*2; in 1884 to Feb. 16. 84*8394*4.
Of the increase of stock in 1882 the annual report said: “Tlio pre¬
ferred stock of the company was increased during the year $2,046,000
Chicago Sc Eastern Illinois.—Owns from Dolton, Ill., to Dan. by the conversion of mortgage bonds into preferred stock, as provided
vllle, ill., 107*2 miles; Covington, lud., to Coal Creek, Ind.. 10*2 miles’ by the articles of association and the terms of the bonds.” * * * “In
Danville to Sidell’s, 23 miles; leased, Dolton to Chicago (C. A VV. I.), accordance with authority given by the sto kliolders at the last annual
17 miles; Wellington Junction to Cisna, 13 miles; Evansville Terre meeting,the common stock was increased $7,500,000; $7,101,948 of
Haute As C. UK., Terre Haute to Danville, Ill., 55 miles; Otter Creek to which was issued at par to the stockholders who subscribed for the
Brazil, Ind., 14 miles; Danville, Ill., to Covington, Ind., 13 miles; same, one half payable in cash and one-half charged to income account.”
Of the consolidated mortgage bonds of 1875, enough are reserved to
total operated, 253 miles. The leases of 17 miles, Dolton to Chicago,
and 13 miles, Danville to Covington, arc contracts for use of track over take up the prior bonds. The latter had a sinking fund of 1 per cent
other roads. The Evansville Terre Haute At Chicago was leased May 1, per annum, but holders may have their bonds stamped and discharged
from the operation of the sinking fund.
1880. Total rentals paid in year ending June 30, 1883, $199,668.
The Chicago Ac Pacific Western
The Chicago A: East Illinois was chartered as Chicago Danville A Division bonds are issued at $20,000 per mile on new linos built or
Vincennes hi 1865, and opened in 1872 and 1873. Sold under foreclos¬ acquired. Oil roads purchased the C. M. A: St. P. has usually issued its
own mortgage bonds, directly secured on the pieces of road so purchased.
ure Feb. 7, 1877, and reorganized under existing style Sept. 1,1877.
Lands —The lands acquired by the company under different purchases
In March, 1882, the U. S. Supreme Court reversed the decree of fore¬
closure of the Danville road, but granted a rehearing, on which the and consolidations have been closed our, the report for 1881 stating
old decree was reversed and the cause remanded.
The litigation has that the lauds had all “ been sold during tlie year, except about 100,000
not yet been concluded.
Report for year ending June 30. 1883, showed acres, mostly in the State of Wisconsin. The net receipts to the
gross earnings, $1,759,132; net. $770,191. Payments-Interest, includ¬ treasury of the company from sales of land during the years 1881 and
1882 arc $1,224,364; and the amount now due the company on
ing 7 per cent on incomes, $263,774 ; rentals. $199.G >8; miscellaneous,
is $1,787,508: in addition to which
$13,802; total payments, $477,301; surplus. $292,886. {V. 35. p. 21. contracts and mortgages
the sum of $210,000 is held in trust to abide tlio decision of a suit
78. 373. 404, 454,486, 515, 601; V. 36, p. 312, 479, 509; V. 37, p. 375,
brought by this company against the Sioux City As St. Paul Railroad
399, 478.)
Company, which was by that Court decided in this company’s favor, and
Chicago Sc Grand Trunk.—Line of road from Port Huron, Mich., is now pending on appeal in the Supreme Court of the United States.”
Operations. Finances, Ac.—The mileage and also the stock and debt
to Chicago, 330*2 miles; also uses.4*2 miles of Chicago At West. Indiana
and 4 miles Grand Trunk Junction RR.; total operated. 339 miles. This of this company increased very rapid l v in three years, the miles owned
being 2,3 <9 on January 1, 1880, against 4. >20 on January 1, 1883, aud
is a consolidation ot roads between Port Huron and Chicago formed in
April, 1880, under the control of the Gr. Trunk of Canada. It includes the Htoek and bmulcd debt, in round figures, $69,000,000 on January 1,
1880, against $134,000,000 January i, 1883; Tae main question as to
the former Port Huron At Lake Michigan and the Peninsula roads, sold in
foreclosure. Stock, $6,600,000 in $100 shares. The Grand Trunk of the company’s income depends on the success of so large an auiouut of
Canada gives a traffic guarantee of 30 per cent of gross earnings on new mileage, ou which the traffic is to ho gradually built up. and the
business lo and from the Chicago At Grand Trunk Road. Gross earnings operating expenses meanwhile are considerable. The gross oaruiugs
for 1881. $1,631,751 ; net, $199,726; for 1882. gross, $2,271,000; net, in 1883 showed a large increase over 1882, Us may be seen by the figures
b low.
The net earnings for 1.-83 were $i*.8-l,7«5. The full interest
$385,579.; interest charge, $335,568. (V. 37, p. 6*95.)
charge in 1884 will be aboil’ $5,975,000 aud 7 p r cent dividends on.
Chicago Sc Iowa.-Owns from Aurora, Ill., to Foreeton, Ill., 80 both stocks would be about $3.318,0v)0, making full charges of $9,29 3,An ar iele at length in the
miles; leased, Flagg Centre to Rukf'> d, 24 miles; total onerated, 101 0i)0 against the net earnings of 1884.
miles. Cliirtered in 1869 and opened in 1872.
In hands of a Receiver. Chronicle of Feb. g, 1884, p. 129. showed the situation of the company
Gross earnings for year ending Dec. 31, 1882. were $525,07 L ; net, $88,- as to income and charges. A preliminary statement of earnings and
309.
Capital stock, $1,428,000. This road is used by the Chicago Bur¬ operating expenses for the year 1883 had the figures below:
lington At Quincy to connect with tiie Illinois Central, and in Feb., 1882,
1882.
18*3.
it was reported to have passed into control of parties interested in
$-’3,659,3 -3 $20,386,725
Chicago Burlington At Quincy.
13 778.037
12,186,073
Chicago Detroit Sc Canada Grand Junction.—Owns from
Port Huron, Mich., to Detroit Junction, 59 miles.
Opened in 1859.
leased to Grand Trunk of Canada. Earnings in 1882, $380,291: net,
$69,909. Rental received, $112,500, out of which paid interest, $05,700,
and dividends, semi-annually, each 2 per cent, $43,800. Capital stock.
$978,984. The road is owned by the lessees, but a separate organiza¬
tion is maintained in Michigan.

Chicago Iowa Sc Nebraska.—Owns from Clinton, la., to Cedar
Rapids, la. (all steel), 82 miles. Operated by Chic. At Northwestern under
permanent lease, at 37*2 per cent of gross earnings. The maximum rent¬
al by subsequent temporary agreement- lias not exceeded $500,000 a
year. Horace Williams, President, Clinton, la.
Chicago Milwaukee Sc St. Paul.—Line of Road.—The eompai y
operates a great consolidated system ot railroads in Illinois, Wisconsin,
Minnesota, Iowa and Dakota, which could only be well shown in the
Supplement by a map. An enumeration of the roads seriatim conveys
but little idea of the territory actually covered. The main through
lines are from Chicago to Milwaukee, *5 miles: Milwaukee to $t. Paul
and Minneapolis, via La Crosse, 341 miles: Milwaukee to Prairie <lu
Chien, 194 miles; McGregor (opposite Prairie du Chien) to Chamberlain,
Dak., on the Missouri River. 442 miles; Chicago, via Savanna, on the
Mississippi River, to Council Bluffs,la., 487 miles; Minneapolis to Aber¬
deen. Dak 288 miles. On Dec. 31, 1882, the mileage in Illinois was 313;
in Wisconsin, 1,181: in Iowa, 1,319; in Minnesota, 1,058; in Dakota,
648. Total miles operated, 4,520.
Organization. Ac.—The Mihv. At St. Paul RR. Co. was organized May
5, 1863, and embraced a number of other companies, including the Mil¬
waukee At Miss., the Prairie du Cliien, the Lacrosse Ac Milwaukee, and
otuf rs.
The Milwaukee Ac St. Paul afterward purchased the St Pan Ar
Chicago Road and others, and built the line from Milwaukee to Chicago,
and oh February 11, 1874, the company took its present name. The
Western Union Railroad was leased in 1879 for 999 years, and the bonds
were retired by the issue of the Chic. Mil. A: St. Paul bonds secured by
mortgage on that road.
The fiscal year ends Dec. 31. The annual
meeting D held early in June.
Stocks and Bonds.—The preference of the preferred stock is a prior
right to a uuu-cuinulative dividend of not exceeding 7 per cent from




$3,414,593

$1,1-6,692

$6 9,611
623,313

Balance
Add cash from laud sales, Ac
Total

4,786,054

$4,507,-60
applicable to dividends
paid for dividends, 7 per cent on
3,321,107

Balance
Amount

8,200.6 •» 2

$9,881,735
5,373,925

Net
Interest paid on bonds

2,794,9.^7

$1,243,424

surplus

The annual report
tables:

for 18S2 in the Chronicle

contained the

following

INCOME ACCOUNT.

1880.

1881.

1882.

$
4,343,233

5,593,010

6,707,530

8,200.(553

74,5 L7

$
3,531,539
5,343,094
32 4,298

635,308

623,814

7,133,615

9,199,530

11,686,121

14,417,477

$
2,287,407

$
2,837,335

$
4,127,389

$
4,786.054

859.56 4

859,564

887,424

1,032,744

7

7

7

1879.

,

Receipts—
Balance January 1...
Net earnings
Other receipts

Total income
Disbursements—
Interest on debt
Divs. onpref. stock
Rate of dividend
Divs. on com. st'v*k
Rate of dividend

..

..

$

2,520,074
4,539,024

335.196

2*2

1.07 3 29?
7

1.07 *.293
7

S

7

1,423.298
7

&AILROAD

«8
Subscribers will confer

a

on

first page

AND

BONDS.

[Vol. XXXVIII

great favor by giving Immediate notice of any error discovered In tbese Tables.
1

headings, Ac.
of tables.

see

1

i Miles

DESCRIPTION.

For explanation of column

STOCKS

j

of

notes

INTEREST

Size,

Date
of

or

Amount

par
Value.

j Road. Bonds.

Rate per
Cent.

Outstanding

1

Bonds—Princi¬
pal .When Due.
Where Payable and by Stocks—Lmt

OR

When

Pay’ble

DIVIDENDS.
Whom.

Dividend.

'

.

Chicago Milwaukee <£ St. Paul—(Continued)—
1st mortgage (Minnesota Central). 1
f
1st mortgage (Iowa & Dakota).... !
1st M.,Ia.ADak.Ext.($15,000 p.m.)
Coup., but
1st mortgage (Prairie du Cliien)... |
may be
2d mortgage (Prairie du Cliien)...
registered !

49
.

1

Milwaukee & Western
by end’rse- j
St.P.AC.lst M.(Riv. D.)$A£(conv.)
ment.
1st mortgage. Hastings & Dakota.
1st M., Chic. A Mil. Hue
)
1 '
Bonds on Lac’se ADav. Div., for Dav. A Nw. RR.
1st moit. on S. W. Div. Western Union RR
i
1st mort. on Chic. A Pac. Div., Chic, to Miss. Riv..
1st mort. on So. Minnesota Div. (.$9,000,000)
...
Land grant income bonds
Land grant and income bonds
1st mort. on Hastings A Dakota Div. extended
1st M.on Ch.Cl.D.AM.($70O,000of this held in tr.)
1st mort. on Wisconsin Valley RR
;
Prior mort.
do
1st mortgage, Mineral Point Division

.

.

335
235
235

1

.

..

1st mortgage Chic. A Lake Superior Div
IstM.Wis. A Minn. Div. ($20,000 p. m.)

•

I

130
75

85
160
212
....

540
....

....

184
300

107
107
142

08

2eS

IstM., gold, on Chic. A Pac., SV. Div., .$20,000 p. m. ! 809
47
Dubuque Southwestern, 1st mort
3.584
Chicago & Northwestern— Common stock
Preferred st’ck (7 p. c. y’rly, not cumulative)
3,584
193
Bonds, pref. (sink’g fimd), 1st mort., Chic, to Osh.
193
1st mort., general, 3d mort., Chic, to Oshkosh

1864
1869

$1,000
1,000

1878
1868
1868
1861
1872
1872
1873
1879
1879
1880
1380

1,000
1,000

7

$123,000
3,505,000
3,674,000
1,241,000
215,000
3,805,000
89,000

1,000
1,000
.

.

1,000
1,000

2,393,000
2,500,000
4,000,000
3,000,000
7,432,000
273,000
1,000,000

....

1,000
1,00)
L,000

....

....

1883
1880
1880
1880
1879
1880
1831
1831
1381
1863

1,000
1,000

1,000
1.000
1,000
1,000

1,000
100
100
100 Ac.
100 Ac.

1859
1859

'

7

.

7
7
6
6

0,710,000
1,700.000
1,100,500
2,840.000
1,300,000
4,755,000
17,740,000
64,000

107
500

....

7
8
7*3
7
7 g.
7 7
5
6
0
6

5,080,000

1,000

J.
New York, Office.
J.
do
do
J.
do
do
A.
do
do
A.
do
do
J.
do
do
J. London and New York.
J.
New York, Office.
J.
do
do
J.
do
do
J.
do
do
do
J.
do
do
J.
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
Boston.
New York, Office.
J.
J.
do
do
J.
do
do
J.
do
do
O.
do
do
D. New York, Co/s Office.
do
do
Q.-M.
F. A A.
do
do
F. A A.
do
do

J.
J.
J.
F.
F.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
A.
I.

7

541,000

.

rr

/

5
5
5 g.
5 g.
7
3 Lj
2
7
7

26,502,755
22,323,190
971,100
3,440,300

'

&
&
&
&
&
&
&
&
&
&
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A

1894
1899

July 1, 1908
1898
1898
1891
Jan., 1902
1902
1903
1919

July 1, 1J09
Jan.
Jan.

1, 1910
1. 1910
1890

Jan.
Jan.

1, 1890
1, 1910
July 1, 1920
July 1, 1920
Jaii. 1, 1909
1910

July 1, 1921
July 1, 1921
Jan.

1, 1921
Oct., 1883
Dec, 27, 1883
Dec 27, 1833
Aug. 1, 1885

Aug. 1, 1885

•

.

|
1879.

1880.

1832.

1,343,283

5,593,010

$
3,550,974
3,019,407

Total disbursements..7,133,015

9,199,530

11,080,121

14,417,477

Miscellaneous

Balance, Dec. 31

$
81,000

1881.

$
70,000
3,531,538

$

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

1879.

$

Assets—

Railroad,equipm’t,Ac 03,399,448
St’cksAb’ds own.,cost 7,133,028

1880.

$

1881.

$

1882.

$

99,185,033 120,073,030 138,015,099
2,103,507
1,205,304
703,840

BillsA acc’ts rec’vable

483,004

783,992

003.041

2,301,234

Materials, fuel, &c.
Cash on hand
Daven. A N’west RR.
HI. & Iowa coal lands

385,971

504,715
382,951

1,028.704

1,495,113

555,200

2,909,732

503,119
1,129,215
417,000

089,578

..

801,094
1,750,000

Cash due on st’k subs
Miscellaneous items..

112,329

232,730

preferred and 93,200 shares of common stock, and in April,
1883, the $10,000,000 debenture bonds were issued to pay for the
stock; the sinking fund for these bonds is $200,000 per year from
May, 1888, if they can be redeemed at 105.
Land Grant.—The lands of tlie company have been acquired by the
purchase of the Winona & St. Peter and other roads that have been
consolidated. The Commissioners’ report for 1882-83 showed that the
shares of

total consideration for the lands and lots sohl in 1882-83 amounted to
The number of acres which were actually deeded from
the various grants during the year was '200,545, and the number of
acres under contract of sale at the end of the year was 387,399. The
receipts from cash sales and advance payments amounted to $007,500;
from time payments on credit sales, $235,437 ;*• from interest on con¬
tracts, $58,788; and from trespass on timber lauds and stumpage,

$1,205,540.

$04,717.. Total cash receipts, $1,020,444. The statement of amounts
secured to be paid to the company by outstanding contracts of sale in
force at the end of the fiscal year showed a total of $1,019,2 41.
TABLE OF LAND GRANT LANDS FOR YEAR ENDING MAY

25~>,0G1

Acres deeded

Total assets

74,000,074 103,313,G44 125,030.593 140,551,003

Liabilities—

$

Stock, common
15,404,201
Stock, preferred
12,279,483
Bonds (See Supplm’T) 41,349,500
All other dues A acc’ts
Income account

3,531,538

Unpaid pay-rolls, Ac.

711,305

789,927

Land department
Advances

$

$

15,104,201
12,404,433

20,404,201
14,401,483

07,172,000
2,007,105
4,343,283
1,043,541

79.059,000
3,899.002
5,593,011

2,279,830

$
27,901,201
10,447,483
89,035,500
4,943,872
3,019,40s
2,210,030
1,787,509

873,911

147.)

Chicago Sc Nortliwestern.—Line of Road—The Chicago A North¬
operates 3,584 miles of its own roads and controls 1,150 miles of
the Chic. St. P. Minn. A Omaha; total controlled, 4,734 miles. The mileage
western

is too extended for enumeration, and could only be shown clearly by a
map.
The main line from Chicago to East Omaha, Iowa, is 492 miics,
ana this forms practically the southern boundary of the whole system,

the company having nothing to the south of that line, with the excep¬
tion of a few insignificant branches.
At the end of the fiscal year. May
31, 1883, the Chic. A Northwestern mileage was made up in the annual

report as follows ^Wisconsin Division, 555'miles; Galena Division. 313

miles; Iowa Division, 053 miles; No. Iowa Division, 309 miles; Madison
Division, 407 miles; Peninsula Division, 374 miles; Winona & St. Peter
Division, 448 miles; Dakota Division, 401 miles; total, 3,584 miles.

Organization, Ac.—The Chicago St Paul A Fond-du-Lac Railroad,

which

was a consolidation of several
roads, was sold in foreclosure
June 2, 1859, and the Chicago A Northwestern Railway was organized
as its successor.
In 1804 the. company absorbed the Dixon Roek.it
Kenosha, the Gal. & Chic. Union and the Peninsular RR. of Michigan,
and has since absorbed by consolidation a large number of other roads.

Including those which

were operated as “proprietary roads,” and this
will go on till all those roads are absorbed into the main com¬
The fiscal year ends May 31. The annual meeting is heldeaily

pany.
In June.
Stock and Bonds.—Preferred stock lias prior right to 7 percent;
then common entitled to 7; then preferred has a further prior right to
3 per cent; then common to 3 ; then both classes share. But the pre¬
ferred stock has not yet received more than 8 per cent in any year,

against 7

paid

tin* common.
Dividends since 1875
In 1870, 2L> on pref.; in 1877, 3l*2 on pref.; in 1S78, 7 on
on com.; in 1879,7 on pref. and 5 on com.; in 1880. 7 on
on com.; in 1881, 7 on pref. and 0 on com.; in 1882, 734 on
on com.; in 1883. 7 on com. and 8 on pref.
Prices of stock
per cent

been:
and 5
and 0
and 7
1877 have been

on

have

prof,
pref.
pref.
since

follows: Common in 1878. 321gi'/l55:i4: in 1879,
49583/94H»; in 1880, 8719® 130; in 1881, 1173130; in 18-2, 12117)150%;
in 1883, 11514^11019; in 1884 to Feb. 10, 112%3124.
Pride red 111
1878, 59?t3>7ai^; in 1879, 707g3l08: in 1880, 1043) 140Lj; in 1891,
13118®147L>: in 1882, 1303175; in 1883, 1343157; in 1884 to Feb.
as

16,140i23149L>
The sinking fund bonds of 1879 are secured by a deposit of mort¬
gage bonds, on the new roads acquired at the rate of $15,000 per
mile, and the terms under which these are issued were published
in V. 29, p. 277. The deed sets forth that this company issues its
sinking fund bonds, to rim 50 years from the 1st dav of October.
1879. interest nor exceediuir 0 uer cent, and in amounts not exceed¬
ing $15,000 per mile of railroad actually constructed or acquired.
Of these bonds so far issued, $0,305,000 are 0s and the balance
58.
There are several small issues of bonds (all less than $200,000
each) in addition to tnose in the table above, viz.: Appleton exten¬
sion, $110,000, 7s, due 1885; Green Bay extension, $180,000, 7s. due
1885; Mississippi River bridge bonds, $153,000, 7s, due 1884: Beloit &
Madison RR., 8170.000. 7s, due 1888; Minnesota Valley RR., $150,000,
7s, due 1908: Plainview, $100,000, 7s, due 1908; Peninsula Railroad
(Mich.), $154,000 7s, due 189-'.
In December, 1882, a controlling interest was
acquired in the stock of
the Chic. St. Paul Minneapolis A Omaha Co. by the purchase of 53,800




contract.

year.

imeouveyed
May 31/82.

May 1883.

31, 1883.
Lands

tin*

2,178.281

Michigan
Wisconsin

133,839
55,547
0,044
5,113

328,482
57,290
1,021

91,5 44

grant.
Minnesota....

sold May
31, 1883.
784,532
485,077
320,125

200,545

387,399

1,590,336

1,210.854
512,090
327,792

*Men. River..

?otnl.
*

Total liabilities... 74,000,074 103,313.041 125,030,593 146,551,003
—(V. 30, p. 18, 139, 195, 299, 312, 329, 451, 053 ; V. 37, p. 48, 98, 175,
234, 445, 440, 509, 547, 503, 007, 087, 719; V. 38, p. 29, 00, 114, 129,

process

Name of

Acres under

during

Acres

Transferred iromMen. Riv. RR. grantto Mich, land grant, 80,431 acres.
Operations, Finances, Ac.—The Chicago A Northwestern Railway
has pursued the policy of extending rapidly its lines, including those
reaching far west to Dakota, and since 1879 has raised its money in
great part by the sale of 5 percent bonds. The stock has not been
rapidl.\ increased (until recently by the issue of new stock for stocks of
proprietary roads)1 and a large nominal surplus has been rolled up in
the balance slice*; (sec articles in the Chronicle, p. 163. 174.,)
The chronicle obtained a statement of the company’s earnings for
the first seven months of .the fiscal year ending with May, 1884. and the
statement was analyzed at length in an article (V. 38. p. 191) to which
reference should be made. The net receipts for the seven months end¬
ing with December 31, 1883, wen? $7,225,804, against $7,259,941 in
1882 and $7,947,400 in 1891.
The latest annual report (1882-83) was in the Chronicle, V. 37, p.
174. and the following comments were made upon it:
“Tiie annual report of this company, just issued, is a comprehen¬
sive and interesting document, as usual.
It gives a tolerably clear ex¬
hibit of the operations and financial condition of the immense system of
railroads controlled by the company, except in two important particulars,
namely, as to the disposition of the cash receipts from land sales,
amounting to $1,020,444, and as to the actual surplus assets of the com¬
pany, which represent its cash investments hot heretofore, balanced by
issues of stocks or bonds.” * * * “ The net income applicable to divi¬
dends, over interest, rentals, and all charges, was $4,051,010, against
$5,378,075, a decrease of $1,320,458.”
The following were earnings, expenses, Ac., for all lines operated:
OPERATIONS AND

FISCAL RESULTS.

1880-81.

1881-82.

1882-83.

Pass’gers carried. 3,904.798
4,482,317
Pass’ger mileage. 140,110,884 164,333,503

6,754,717
205,574.173

7,908,500
248,850,303

2 52 ets.

2-40 ets.

Operations—
Rate p. pass.

1879-S0.

p.iu.

2*07 ets.

2 53 ets.

8.190,893
Fr’ght(tns) mov’d 5,574,035
6.662,112
7,874,005
Fr’ght.(tns) miTge805,909,542 980,522,774 1,192,188,039 1,183,829,353
A v.rate p.ton p.m
1*42 cts.
1 47 cts.
i*49 cts.
1’47 cts.
Earn i tigs—
$
$
$
$
6,119,616
5,171,423
Passenger
3,73?,343
4,153,130
16,894,352
17,525,134
Freight
12,897,778 14,414,151
1,067,807
Mail, express, Ac.
983,099
714,228
761,791
Tot.gross

17,349,349

earns

19,334,072

23,684,656

24,081,835

8,049.358

9,979,619

1,780,140
6,327,253

2,322,099
7,261,952

429,259

522,558

496,686
618,785

12,639,634
11,045,022

14,072,516
10,009,319

Expenses—
Maint’nce of

wav
y)

Ac (
I'rausportation.. i
“

cars,

Mi'ceilaueous

J

Taxes

332,241

446,202

8,431.599
8,917,750

10,425,821

earnings

P.c. op.ex.to earn.

43-59

Total
Net

8,908,251
53-92

|

53 37

58-44

INCOME ACCOUNT.

1879-30.

1880-81.

Receipts—
Net earnings

$
8,917.750

Disbursements—
Rentals paid
Interest on debt.

$
1,403.003

$
8,908.251
•$

1

3,322,015

1,384.732
3,047,-97

1881-82.

.$
11,045,022
$
1.569,618
3,999 203

1882-83.
$

10,009,319
$.

1,570.948
4,238.633

February,

RAILROAD

1884.]

AND

STOCKS

BONDS.

29

Subscribers will confer a great favor, by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.

For

explanation of column headings, itc., see notes
on

first page

of tables.

Miles
of

Road.

Chicago db Northwestern—(Continued)—
779
Consol, sinking fund mortgage
126
Madison extension, 1st mort., sinking fund, gold.
85
Chicago & Milwaukee, 1st mortgage
25
Menominee River, 1st mort., guar
120
Menominee extension, 1st mortgage, gold
Gen. cons mort., gold, coup, orreg. ($48,000,000) 1,058
137
Winona & St. Peter, 1st mort., guar by Chic.&NW.
do
2d mort., guar, by Chic. it N. W.
137
do
1st M. exten., gld, land gi\, s. f..
175
75
Iowa Midland, 1st mort., guar, by Chic. it N. W..
62
Northwestern Union, 1st mortgage, gold
24
Rochester & No. Minnesota, 1st mortgage
Chic. Mil. & N. W., construction bonds
Chicago & Tomah, 1st mort., guar
80
Milwaukee & Madison. 1st mort., guar
Sink, fd.bds.d st M. as collateral) ($15,000 p. m.)..
S. f. debenture bonds (for C. St. P. M. it 0. stock)
,04
Ottumwa Cedar F. & St. P., 1st mort., guar
Des Moines & Minneapolis RR. 1st mort. Bonds...
58
36
Eseanaba & Lake Superior RR., 1st mort
Dakota Central RR., 1st mort
1st M., Southeast Div. (for $2,000,000).
do
Other small issues (see remarks below)
96
Chicago Pekin db Southwestern—1st mortgage

Date
Size, or
of
Par
Bonds Value.

1865
1871

,

$1,000
500 itc.

1,000
1876
500* "ifee.
1871
1872
500 itc.
1870-1
1,000
1870-1
1,000
1871
100 itc.
1870
1,000
1872
500 itc.
1878

Outstanding

....

mortgage
Chicago Rock Islanddb Pac
2d

96
—

Chic.it Southw.. IstM.g. (g’d in cur. by C.R.I.&P.)

Chicago St. Louis db Piltsb.—Common stock
Preferred stock (6 per cent cumulative)
1S79-80.

636
271
582
582

1880-81.

1.700,000

560,000
2,559,000

12,343,000
2,469,000
1,592,000
4,091,500
1,350,000
3,374,000
200,000
750.000

1880
1879
1883

1,000itc

1881

1,000

1882
1881

1,000
1,000

2,420,273
7

Tot.disb’rsem’ts
Balance, surplus .

7,243,101
1.674,649

7,551,022
1.357.229

0
98,120

Assets.

8
7

93,120

8,253,583

8,318,038

2,791,439

1,161,281

YEAR.

1882-83.

$80,420,032
55;66S,872
200,000

200,000

363,809

1,233,235
1,125,779

Trustees’sinking fund

1,117,000

Liabilities.
Stock, common t

2,800,337

1881-82.

hand

Total

1882-83.

$76,739,549
54,679,521

1,255,093
1,977,865

on

100 itc
100
100

1880-81.

Materials, fuel, &c
Cash

ioo
l,000itc

$74,120,342
48,311.241
200,000

Chic. * N. W. —Road & equip..
Other companies
do
Real estate in Chicago
Des Moines
Minn. HR
Bonds owned
Bills and accounts receivable.

865,819
1.232,033
2.291,340
1,760,608
1,321.000

*2,913,219
1,245,918
2,536,482
2,710,498
1,525,000

$129,704,369 $139,139,371 $147,210,021

Stock, preferred t
Stocks of proprietary roads,&c
Bonds t (See Suptlement)
Bonds purchased
Divid’ds declared, not yet due

Sinking funds paid
Real estate, mortgages, itc
Current bills, pav-rolls. etc
Uncollected coupons, etc
Rentals of roads in la., not due
General consol, bonds unsold.
Note of Consol. Coal Co
Land income
Accrued interest not due

Miscellaneous
Balance income account

$15,093,188

$15,095,924

$16,229,916

21,650,783
21,244,650
57,006,000

22,153.119
22.883,150
64.248,000
366,000

22,323,190

363,000
831.481

971.185

22,403,400
69,821.000
460,000
1.02 1,406
1,525,000

1,117,000
482,766
2,529,390
63,786

1,321,000
401,774
2,141,311

272 232

439.935

82,063
530,364

530,000

407.000

284,000

74.329

1,965,653

300,000

303,016
675,430
17,329
7,533.937

689,531
675,430
4,098

7,204,582

1,033,565
675,395
66,601
8*425.803

Total..

$129,704,369 $139,139,871 $147,210,021
$554,000; general consol, gold bonds,
$284,000; Northwestern Union 1st mort. $1,000; bonds of sundry pro
prietary roads, $2,074,219.
J Including bonds in sinking funds.
tNot including amount in company’s treasury.
—(V. 36, p. 183,365,453, 651,675; Y. 37, p. 174, 687 ; V. :i*. p. 29.
*

Consul, sinking fund bonds,

177,191.)
Chicago Pekin Sc Southwestern,—Operated from Pekin, Ill. to
Mazon Bridge, ill.. 91 miles, of which 6 miles leased. Chartered in
1859 and opened in 1876.

Sold under foreclosure of second mortgage
as Chicago St. Louis it Western, to which
oompany the property was c mveyed January, 1 s^4. For year 1881 -83.
gross earnings were $366,003; net, $120,892.
In 1382-83,' gross, $273 879; net, $54,883. In Feb., 1832, A. H. Crocker was appointed Re¬
ceiver.
(V. 37, p. 399; V. 33, p. 59.)
Chicago Rock Island A: Pacific,—Line of Road.—Owns from
Chicago to Council Blurt's, 500 miles; Davenport, la., to Atchison, Ran..
345 ; Atchison Junction to Leavenworth, Ran., 215; Washington, In., to
Knoxville, 77-5; South Englewood to South Chicago, 7*5; Wilton to
Muscatine, 12-5; Newton to Munroe, 17-5 ; Des Moines to Indianola and
Wiuterset, 48 1; Menlo to Guthrie Centre, 14-6; Atlantic to Audubon,
25-5; Atlantic to Griswold. 14-6; Avooa to Harlan, 12; Avoca to Carson, 17‘5; Mt. Zion to Keosauqua, 4*5. Leased: Cameron, Mo., to Kan
sas City, 54; Bureau Junction to Peoria, 47 miles; Keokuk to Des
Moines. 162. Total operated, 1,381 miles.
Organization—The Chicago & Rock Island RR. was chartered in
Illiuois Feb. 7, 1851, and opened from Chicago to the Mississippi River
July. 1854. The extension from the Miss, to the Mo. River was built
by tbe former Mississippi it Missouri ItR. of Iowa, which was foreclosed
under mortgage in 1866. The Illinois and Iowa roads were consolidated
August 22,1866, under the present title, and the main line was extended
to Council Blurt's June, 1869. The Iowa Southern & Missouri Northern
was formerly the Chicago it Southwestern, and was foreclosed and
pur¬
chased by this company, and consolidated June, 1880. The present
Chic. R. I. & Pacific was a consolidation June 4, 1889, with $50,000,000
stock authorized, and a scrip dividend of 100 per cent to the holders of
Chic. R. I. & P. stock. The fiscal year ends March 31, and tile annual
election occurs in June.
Stock and Bonds.—The stock has paid dividends as follows since
1876, viz.: in 1877 and 1878, 8 percent; in 1879, 10; in 1380. 31a: in
1881 and 1882, 7; in 1883, 7. The price has ranged as follows since
1876, viz.: in 1877, 82bj0lO5»s; in 1878, 98^8a? 122; in 1879, 1190
150bj; in 1880. to J ily, 1490204; July to Dec. (new stock), IOOI30
1431; in 1831.12901485s; in 1882, 1220140*4; in 1833, 116^0127!;
in 1884 to Feb. 16, 11538®126%.
Lands.—-The report of the Land Commissioner says that the sales by
warranty deeds or contracts to convey by warranty in 1882-3 amounted
to 27,306 acres. The consideration, paid or secured, was $278,513, the
average pric : being, therefore, nearly $10 21 per acre. The bills receiv¬

May 31, 1881, and reorganized




720,000
1,065,000
1,000,000
1,041,000
1,000,000
750,000
41,960,000

■

....

10,000.000
1,600,000
600,000

1,000

74
64
98,120

GENERAL BALANCE AT CLOSE OF EACH FISCAL

1,600,000
15,065,000

1,000

1877
1869

2,580,637

Rate on conimou.
Miscellaneous

2,-105,521
7
6
107,562

Rate on pref

1,000

1871
1876

1881-82.

Dividends

7
7
7
7
7
7
7
7
7
8
7
7
6
6
6

1,528,000

St’ck (for $50,000,000) 1,381

1st mortgage, coup, or reg

Rate per
Cent.

$7,033,000
2,987,500

.

g.
g.

g.
g.

6
6

7
«

13i
6
7

pal,When Due.

When

Where Payable , and
Whom.
Payable

Stocks—Last

by

Dividend.

New York, Co.’s Office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
M.
do
do
M.
do
do
do
do
1 M.
A.
do
do
M.
do
do
M.
do
do
F.
do
do
J.
do
do
M.
do
do
M.
do
do
do
do
F. & A. N. Y., Farm. L. & T. Co.
M. it N.

Feb.

Q.-F.

g.

5 it 6
5
5
7
6

12,500,000
5,000,000
10,000,009
20,000,000

Ronds—Princi¬

INTEREST OR DIVIDENDS.

..

Amount

A.
J.
J.
J.
J.
J.
M.
J.
A.
M.
M.

&
&
&
&
&
&
&
it
&
it
it
it
&
«t
it
&
it
it
&
«t
&

O.
J.
J.
D.
D.
J.
N.
D
O.
S.
S.
N.
N.
S.
O.
N.
8.
A.
J.
S.
N.

Q.-F.
J. & J.
M. & N.

New York, Co.’s Office.
do
do
do
do

1, 1915

April 1, 1911
July 1, 1898
July 1, 1906
June 1, 1911
Deo. 1, 1902
Jan. 1, 1887
Nov. 1, 1907
Deo. 1, 1916
Oct. 1.
June 1,

1900

1917
Sept. 1, 1908
Nov. 1. 1905
1905

Sept. 1, 1905
Oct.

1, 1929

May 1, 1933
Mar. 1, 1909
Feb. 1, 1907
July 1, 1901
Sept. 1, 1907
Nov. 1, 1907
Aug. 1, 1901
Nov. 1
1906
Feb. 1, 1884

July 1, 1917
Nov., 1899F

....
'

able have decreased from $1,590,634 to $1,403,483 during the year
The amount received for interest, itc., has been $99,445. The land office
has remitted during the year-to the Treasurer of the company at New
York the sum of $560,000 from its net receipts. The unsold lands of the

company comprise

only about 34,750 acres.
Operations, Finances, itc.—The company lias been very successful
and well managed, and, incLiding scrip dividends, lias paid its stock¬
holders handsomely. The receipts from lands will soon be out of the
income account. The management is secretive and no monthly reports
or earnings are issued.
For the half-year ending Sept. 30, 1833, gross earnings were $6,058,194; net, $2,618,183. Net profits applicable to dividends, $2,170,000
(including land receipts), against $1,950,000 in 1832.
The annual report for year ending March 31 was in the Chronicle, Y.
36, p. 730.
The mileage, earnings, <tc., have been as follows for five
years past :

1879-80.
Miles

owned&oper..

1880-81.

1,311

1,353

1881-82.

1882-83.

$
2,318,452

2,500.135

1,331
$
2,853,331

8,035,165

8,690,480

9,637,097

703,945

766,292

726,215

1,331
$
3,333,069
7,928,236
928,598

Total grossearn’gs.
Total

11,061,662
5,796,541

11,956,907
6,630,156

13,266,643
7,322,862

12,189,003
7,109,817

Net earnings
P.e of op. ex. to earn.

5,265,121
52*40

5,326,751
55*45

5,943,781
55*20

5,080,086
58*33

if
5,943,731

if
5,080,080

Earnings—
Passenger
Freight
Mail.ex press,r’lits.&c

$'

INCOME ACCOUNT.

Receipts—
Net earnings

ip

Miscellaneous
From land departm’t

Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Rate per cent
Miscellaneous
Add.and imp. aee’t

5,265,121

5,326,751
37,277

13,208

350,000

490,000

650,000

560,000

5,615,121
$
135,037

5,354,028
$
322,137

6,606,939
$
327,593

5,640,086
$
304,363

1,078,110

949,700

950,000

050,000

2,097,983
10

2,727,387

2,937,186

2,937,185

7
125,327

7
147.595

2,215,000

1,300,000

7*4

2,235,000

Total disbursements.
3,311,135
6,284,22 4
6,555,106
5,639,143
Balance, surplus
2,303.986 de.f.430.196
51,833
943
—(V. 35, p. 20; V. 30, p 365, 560, 651, 730: V. 37, p. 479, 667, 687; V.
33, p. 29, 202.)
....

Chicago St, Louis Sc Pittsburg,—The mileage is as follows :
Columbus, ()., to Indianapolis, Iml., 187 miles; branches—Bradford Juno.,
O., to Chicago, Ill., 231 miles; Richmond, Ind.. to Anoka June.,-Ind., 102
miles; Peoria Junction, Ind., to Ill. State Line, 61 miles; total operated,
582 miles.
This is the reorganization (March 20, 1883,) of the Columbus Chicago
it Indiana Central road, sold in foreclosure on Jan. 11, 1883.
The
C. G. it T. C. company was formed Feb. 12, 1868, by consolidation of
the Col. & Ind. Ceil, and Chic. & Gt. East, railroad companies, and was
leased to the Pitts. Oin. it St. Louis Railway Co. Feb. 1, I860, by wliieh
company it has been operated.
The lease stipulated that the lessees should maintain the road and
equipment, operate it. and pay over to the lessors 30 per cent of the

should always be epual to the inter¬
bonds of the C. C. & I. C. Railway
Company, and $821,000 of the second mortgage bonds of the Col. &
Ind. Railroad Company. After default In 1875 and much litigation,
the plan of settlement with the Penn. RR. was approved by a majority
of bondholders in 1882 and carried out. This provided that the consoli¬
dated mortgage of the Col. Cliic. & Indiana Central Railway Company
should be foreclosed subject to the old sectional mortgages. That the
property thus sold be bought in and the purchasers form a new corpora¬
tion to take the property, with a capital of $10,000,090 in common stock
and $20,000,000 in preferred stock, the latter to be entitled to dividends,
if earned, at the rate of 6 per cent per annum, as declared by the board
of directors, and to be cumulative. That the new corporation issue its
first mortgage bonds for $22,000,000. payable at the end of fifty years,
in gold coin, with interest at the rate of live per cent per annum, Ac.
Common stock of the old company was assessed $5 per share cash, and
one share of new stock then given for two of old.
A statement of the
resources of the new company when reorganized was given in the
Chronole, V. 36, p 509. as fol ows: “ Received from assenting holders
of securities of the C. C. & I. C. Railway Co., under plan of reorganiza¬
tion, $1,593,745; received from Pennsylvania RR. Co as agreed under
plan of reorganization and in settlement of past claims, $2,409,' >00; due
from the P. C. it St. L. Railway Co., balance of net earnings to Dec. 31,
1882, $283,668; total, $4,277,414. Paid to retire purchasing commit¬
tee's receipts and C. C. & I. C. Railway Co.’s first mortgage consolidated
bon is not assenting to reorganization agreement, $2 606,589 ; balance
of available cash in hands of company April 5. 1883, $1,670,821. The
total assets of the company are: Balance of the mortgage bonds,
$3,881,000; pref.stock, *2,467.400; cash.$l,' 70,821; total, $8,019,224 ”
The new company started with an interest charge per year of about
$1,290,000; its net earnings for three years previously had average '
gross earnings. Also, that the rental
est on $15,000,000 first mortgage

,

Subscribers will confer

a

BONDS

fvou xxxviii.

great favor by giving Immediate notice of any error

discovered in these Tables.

INTEREST

DESCRIPTION.
For

AND

STOCKS

EAILJROAD

30

Date Size, or
Miles
of
of
par
Road. Bonds Value.

explanation of column headings, <fcc., see notes
on first page of tables.

Amount

Outstanding

Rate per
Cent.

When

Bo uis—n

OR DIVIDENDS.

,uvi

pal,When Due,
Where Payable and by
Stocks—Last
Whom.

Pay’ble

Dividend.
€

rg—(Continued) -

Chicago 8

580
117
208
93

gold ($22,000,000)
G’t East. (Chic, to Logansport). ..
& Ind’polis Cent. (Col. to Ind’s, Iud )..

1st mortgage,
1st M. Chic. <fc
do
rtn

do

Col.

Union <fc Logansp’t (U’ii City to Logausp’t)
Cinn. Sc Chic. Air Line(Richm’d to Logans.)

Col. &

Chic. St. Paul

107

203

Ind’polis Cent, (Cov.to Union City)..

Min’polis d Omaha—Common stock.. 1,150
f.$15.<’09

r'/.na/ii

nor

mile)
177
120
605

Chic. St. Paul & Minn., 1st mort., gold, coup
North Wisconsin, 1st mortgage
fit. P. Sc Sioux City, mort,, gold, for $7,090,000 —
St. Paul Stillwater Sc Taylors’ Falls, 1st mort
Hudson Sc River Falls. 1st mort

•23
12

Minneapolis East RR., 1st mort., guaranteed
Chicago d West. Indiana—1st mortgage

....

....

d/ini.i-oi nmi-to-n,<*•<». mild, sinkinir fund

1st mortgage, New Buff, to St. Jo
Gr. Rap. Newaygo Sc Lake Sh., 1st mort. coup —
do
2d M. on 35 m. ifc 1 st on 11 in., coup

....

35
46

($12,000 per mile)

....

....

....

113,000

....

1864

821.000

....

100
100

....

20,015,800
11.900,000
11,160,000
3,000,000

1880
1878
1880
1879
1878
1878
1879
1879
1882

1.000
500 ike.

1869
1871
-1875
1881

1,000

576,000

....

125,000

....

.

.

75,000
3,300,000
7.200,000

.

1,000
1,000

mortgage
Cincinnati Hamilton d Dag Ion—Stock
Preferred stock for $1 ,< ;00,000
2a mort. (now 1st)
Consol, mort. ($996,000 are 7s), sink, fund 1 p. c

(Junction) RR., 1st mort,,guar

354
354
60
60
98

...

§?•

6,796,800
'

30.500

500 <fcc.

2,001,000

1,000

500.000

....

3.500,000
347,900
465,000
2,450,000
1,800,000

100

....

....

....

1865
1875
1873

1.000

1,000
1,000

Q.-j.

6
6 g.
6
6 g.
7
8
7
6 g.

480,000

1,000

*134

800,000
G,080,000
334,800

1,000

1,000

86

Cincinnati d Eastern— 1st

Ciu. Ham. Si l.

....

410

Michigan—Stock, new

General mortgage

224,000
2,632,000
715,000

....

....

186 4
1865

A. Sc O. New York. 66 Br’dway.
Various N Y., Union Trusr Co.
J. Sc J. N. Y., St. Nicli. Nat. Rk.
A. Sc O. N. Y.f Union Trust Co.
do
do
Various
do
do
M. Sc N.

5 g.
7
7
7
7
7

$1,000 $16,500,000

1,150

Preferred stock

Chicago d West

1883

8
8
7
5
7
3

-

la4
7

G Sc 7
7

New York. Office
N. Y., 52 Will* Street,
(to
do
do
do
do
do

April 1, 1932
1893 & ’95

Nov., 1904
Dec., 1905
1886 to ’90

Nov., 1904

^

Jan. 21, 18c4
June 1. 193o

J. ifc D.
M. Sc N.
May 1, 1918
Jan. 1, 1930
J. ik J.
A. Sc O.
April l, 1919
do
do
Jan. 1, 1908
J. & J.
do
do
J. it J.
July 1, 1908
do
do
Jan. 1, 1909
J. Sc J.
M. ifc N. N. Y., Drexel, M. Sc Co. Nov. i, 1919
do
Dee, 1, 1932
do
Q. - M.
Mch. 15, 1884
Boston.
M. Sc S. Bost.. Treasurer’s office.
Sept. 1889
N. Y. Union Trust Co.
J. & J.
July 1, 1891
do
do
June 1, 1905
J. Sc D.
1921
J. ik D.
J. ik J.
Sardinia, Ohio.
July 1, 1898
Nov. 1, 18S3
A. Sc O.
Cincinnati, O.
do
Jan. 2, 1884
do
Q-J.
J. Sc J. N. Y., Winslow, L. & Co. July 20, 1885
do
do
A. Sc O.
Oct,, 1905
do
do
J. & J.
Jan., 1903

Haven road, 57 miles, Muskegon to Allegan,
winit traHie tde Pcnnsy lvania Sc Lake-Shore, 46 miles, from Grand Rapids andthe Grand Rap. Newaygo
to White Cloud.
western lines. For year end¬
The annual report In V. 36, p. 425, gives a good account of *dic
ing Juno 30, 1883 (see repoit V. 37, p. 421) gross earnings were $5,328,company’s progress : “ Carefully matured efforts are now being m >de to
947; net, $832,981.
secure a share of the lumber shipments from Muskegon and Grand
Operations and earnings for four years past (end. December 31) were : Haven to interior points; and in consequence of ilie measures already
about $665,000 per yi ar. It is not known
RR may divert to this liue from its otner

Passenger
Freight (ton)
Miles.
Mileage.
Mileage.
580
$33,907,484 $102,850,402
1880*
581
441,353,919
41.432,531
43,407,470
542.015,108
1881.'.*.'.'.'... 581
1882
581
—(V. 30, p. 55,139,251,339, 453,509; V. 37, p.
Years.
1879

..

.

.

Net

Gross

Earnings.
Earnings.
$3,911,201 $750,800
4,795,771
720,200
041,053
4,953,722
5,122.943
703,5J4
421, 424; V. 33. p. 177.)

taken, these shipments have been increased from ten million feet in
1877 to over seventy-two million in 1882.
Meanwhile it is proper
further to say that all improvement hereafter to be seen in the value of
the Chicago it West Michigan road must, in the opinion of your directors,
arise from an increase in its earnings; it cannot reasonably be expected
to come from any decrease in the cost of operation, or in the outlay for
renewals. Tne Chicago & West Michigan is not a cheap road to oper¬

Minneapolis Sc Omaha.—The mileage is ate.” * * * “ The prospective Table of the property is, therefore, a
to St. Paul. 198 miles: River simple question of gross earnings.” In 1882 gross earnings were,
Earnings in 1881, $$1,325,052; net
Branch, 4 miles; South Still¬ $1,503,433; net, $455,645.
water Branch,
4 miles; Eati Claire Branch, 3 miles;
Neilsville $270,072.
INCOME ACCOUNT.
Brunch. 14 miles; Chippewa Falls Branch, 14 miles; St. Paul to Minne¬
1881.
18-2.
apolis, 10 miles. Northern Division—North Wisconsin Junction to
$
$
Receipts—
Cable, 120; Superior City Bridge, 02 miles. St. Paul Division—St. Paul
270,072
455,645
to St. James, 122; Lake Crystal to Elmore, 44.
Sioux City Division— Net earnings
St. James to Sioux City, 148; Sioux Falls Branch, 98; Black Hills Other receipts.
2,325
7,068
Branch, 44; Rock River Branch. 28. Nebraska Division—Covington to
Total income..
462,713
272,397
Omaha, 120; Niobrara Branch, 10; Missouri River transfer, 2 lili es;
Chicago St. Paul

follows: Eastern Division—Elroy
Falls Branch, 12 miles; Stillwater

as

Norfolk Branch to Emerson. 40 miles. Total owned. 1,115 miles. Pro¬
prietary roads, 35 miles. Total of all. 1,150 miles. Thu was a consoli¬
dation July, 1830. of the Chicago St, Paul Sc Minneapolis (formerly West
Wisconsin), the North Wisconsin, and the St, Paul Sc Sioux City. The
fit, Paul
Sioux City was a consolidation in August, 1879, of the St.
Paul Si Sioux City and the Sioux City & St. Paul, forming a main line
from St. Paul to Sioux City. 270 miles.
The St. Paul Stillwater A

Taylor’s Falls was

consolidated with this company; also the Worthing¬

9

Disbursements—
Interest on debt...
Dividends

117,756

$
191,123
153.580

Total disbursements.

117,756

345,003

Balance, surplus
(V. 31, p. 86, 522, 547

151,641
425.)

117,710

-

;

V. 35, p. 577; V. 36, p.

Falls Sc Iowa and Covington Sc Black Hills.
Preferred stock lias a prior right to non-cumulative dividend of 7 per
cent from net earnings: hut common is never to receive more than is

Cincinnati Jk'Eastern.—Cincinnati to Ottawa. O., 87 miles, and
branch to Richmond, i*2 miles. Leases Columbus & Maysville road, 20
miles. New arrangement made by a syndicate in 1883, but road went
into receiver’s hands, and in Oct., 1883, the receiver was authorized to

on

issue $250,000 certificates
1881-82 gross earnings were

ton Sioux

paid on preferred. The Chic. St. Paul «fc Minneapolis 1st mort. is a 2d
the lands; the land mort. a 2d on road; hut no foreclosure can lie
had except by default oil 1st mortgage.
In November, 1882, a controlling interest in the stock was purchased
for the Chicago & Northwestern Railway by the acquisition of 93,270

at an average price of 48*40, and 53.-00 shares of
an average of lo4*04—the total cost being $10,503,959,
which stock is held as an asset of the Chic. & Northwestern Company.
shares of

common

follows:

1881.
Miles owned and

1882.

1,003

1,150

$944,329
2,913,521

$1,311,217

operated

Earnings—

-

16 4,111

3,478,62 1
172,361

$4,021,961

$1,902,202

Freight
Mail, express, <kc

main line, $259,5oO, due 1890; a 3d mortgage of $704 000, and
mortgage of $86,009 on branch, due 1908. (3ee V. 36, p. 365 ; V. 37,

gage on
a

22, 445.)

p.

preferred at

Report tor 1882 in Chronicle, V. 37, p. 120. Earnings, «fcc\, as

Cincinnati Hamilton Sc

earnings

,

April, 1882. Mr. Jewett, of the Erie, and associates, obtained
control of the stock by guaranteeing 6 per cent on 20,000 shares which
In

1881.

Receipts—

•

1882.

Net earnings
Net from land grants
Other receipts...

$1,245,499

$1,721,415

504,144
78,585

546,825

Total income
Disbursements—
Rentals paid
Interest ou debt

$1,828,228

$2,268,884

$53,059
893,536
672,737
(0

$27,736
1,014.530
735,397
(7)

$1,619,332
$208,896

$1,777,663
$491,221

Dividends on preferred
Rate of dividend.

stock

Total disbursements
Balance surplus
(V. 36, p. 651; V. 37, p.

644

purchased and deposited in trust and trust certificates issued there¬

deficiency in 6 per cent dividends
application of net income thereto. In August,
1882, the issue of $1,000,000 preferred stock was voted for improve¬
ments.
The annual report for 1882-83, in V. 36, p. 705 and 730, had
the following: In order to meet the extraordinary expenditures involved
in making the needed additions to, and improvements of, the equipment
and property, the ho ml declin'd it wise to issue $5u0,0 >0 of the $1,000,000 of preferred stock authorized by the stockholders.
Of this amount
3, 479 shares have been sold at par, increasing the capital stock of the
company $3 47,900.
In the’Chronicle, V. 37. p. 478 the following earnings are published
for the first six months of tlio fiscal year, to September 30. 1883 :
for; the guarantee is to make up any

on

INCOME ACCOUNT.

Dayton.—Owns from Cincinnati, O.

Dayton, O., 60 miles; leased—Day ton Si Michigan, Dayton to
Toledo, 142 miles; Cincinnati Hamilton Sc Indianapolis, Hamilton to
Indianapolis, 99 miles; Cincinnati Richmond Sc Chicago, Hamilton. 0.»
to Indiana State line (and leased road), 44 miles; McComb Toledo Sc
D., 9 miles: total operated, 354 miles; each lease reported separ¬
ately.
to

were

Total gross

to complete the road to Portsmouth. In
$ >5,850; net.$22,747. There is a 2d mort¬

those shares after the

1883.

Approximate gross receipts
$1,598,513
Operating expenses, interest on b unis, taxes,
and guaranteed dividends
1,360,719

416.)

1882.

$1,549,308

1,422,911

9.», 126, 375,
Leaving as net income
$237,794
$126,317
Chicago Sc ‘Western Indiana.
Owns from Dolton and Ham —nut of the surplus for 1883 a dividend of three per cent has been de¬
mond, III., to Chicago, with a belt railroad and branches, with ware¬ clared, payable Nov. 1. The net earnings for the eighteen months under
houses, elevator. &<\, 49 milea of road and 129 miles of track in all. rhe new management have becu $ >75,423. Out of this, three dividends
including second track and sidings, and about 400 acres of real estate. of 3 per cent each have been declared, amounting in a’l to $315,000,
This company leases its road for right of way into Chicago and terminal
leaving a surplus of $260,1*23, or nearly 7*2 per ei nt on the stock. This
facilities there in to the Wabash, the Gr. Trunk of Canada, the Chicago ik siuvlus lins been
expended in new equipment and on account of doubleEast. Illinois, the Chic. & Atl. and Louisv. New Albany Sc Chic, roads: tracking the road from Lockland to
the bridge 3 miles above Hamilton.
the annual rental" amount to $762,050, exceeding the interest charge bv
Income account in the fiscal years ending March 31 was as follows,
$132,6)0. In 1882 a consolidation with the 8. Chic, & West. Iud. RR. including all the roads operated:
and the Western Iiul. Belt road was made with stock of $5,000,000 aim
1881-82.
1880-81.
1882-83.
bonds limited to $10,000,000; the bonds are liable to be redeemed Gross
$2,882,300 $2,961,446 $3,088,407
receipts
after 1885 at 105 by a sinking fund, which is provided for by increase l
Operating expenses
$1,895,300 $2,031,664 $2,014,907
rentals to be paid for that purpose. (V. 35, p. 450; V. 37, p. 534.)
Taxes, ike
80,022
83,002
85,119
579,315
539.516
512,036
Chicago A: West Michigan.—-Owns from Lacrosse. Midi., to Interest
i>. ifc M. dividends
132,902
132,164
132,015
Pentwater, Mich., 209 mile ; branches—Holland Junction to Allegan,
23 miles; Holland to White Cloud, 70 miles; Fruitport to Muskegon,
Sundries, profit aud loss
3,318
750
3,710,
14.500
10,086
6,880
10 miles; Kirk’s Junction to Pickaud’s Junction, 3 miles: Muskegon Other items
to Port Sherman, 6 mile:; Woodville to Muskegon River, 17 miles:
Total expenses and interest .$2,705,751
Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles:
$2,799,750 $2,751,778
White River Junction
to West Troy,
17 miles;
total
oper¬
Net surplus
ated, 4 It) miles.
Organized as successors of Chicago & Michigan
$176,55 4
$161,696
$336,629
Lake Shore Jau. 1, 1879, and consolidated in Sept., 1881^ with the Grand -(V. 36, p. 705, 739 V. 37, p. 478)
—




,

February,

RAILROAD

1884.|

STOCKS

31

BONDS

AND

Subscribers will confer a great favor by giving immediate notice of any error
DESCRIPTION.
For

Miles
Date
Size, or
of
of
Par
Road. Bonds Value.

explanation of column headings, Ac., see notes
on first page of tables.

Outstanding

$100

$7,000,000

Cincinnati Tndianap. St. Louis £ Chicago—Stock..
Ind. A Cin. of 1858, 1st mort
Indianapolis Cin. & Laf. mortgage
Cin. & Ind., 1st mortgage
do
2d M., guar;, and funded coupons
lstuiort., Cin. Ind. St. L. A Chic, (for $7,500,000)
Cincinnati Lafayette & Chicago, 1st mort., gold ..

332
90
151
20
20
194
56

Cincinnati d: Muskingum Valley—1st mortgage
Cincinnati Arw Orleans £ Texas Pacific—Stock
Cincinnati Northern.—1st, gold, mortgage
Cin. Richmond it Chic.—1st mort., guar. C. II. A D..

336
50
36

148

•

80
48
165
2*1

1,000
1,000
1.000

1,000
1,000
1,000

1,000
1,000
1,000
1.000
50
50

100

m

m

m

....

Louis

Sc

1,000
1,000

1,000
1,000
1,000

1881-82.

$
961,490
$
565,909

$
1,000,609
$

Seneca (one*

which was a

1882-83.

(IJfll*. c.)
6,894

6,732

e.)
2,3 12

752,803

958,058

938,501

208.687

42,551

35,151

Balance, surplus
-(V. 35, p. 346, 515; V. 36, p. 29, 195, 399, 426,500;
479, 509.)

(4>2p.

V. 37, p. 311'

Clnciniiatl Sc Muskingum Valley.—Owns from Morrow, 0.,to
Dresden Junction, O., 148 miles. Chartered as Cinn. Wilm. A Zanes
In 1851 and opened in 1857. Sold under foreclosure Oct. 17, 18(33, and

reorganized as Cincinnati A Zanesville March 11. 18(31.
Sold again
Dec. 10, ls<>9, and reorganized as at present. Leased for 00 years from
Jan. 1, 1873, toP. C. A St. Louis, lessees to pay all expenses and inter
est. any excess of earnings to inure, to the lessors.
Gross earnings m
1881, $305.321; net earnings, $20,275. In 1832 gross $38(5,740; net
$86,864: interest paid, $105,000: deficit advanced by lessee, $18,135.
against $81,725 deficit in 1881. Total amount due lessee Dec. 31, 1882,

Capital stock, $3,907,320.

Cincinnati New Orleans A Texas Pacific.—This is the com¬
pany organized under the laws of Ohio Oct. 8, 1881, to operate the Cin¬
cinnati Southern, and 51 per cent of the stock is held by the English
company, the Alabama New Orleans A. Texas Pacific. Junction Co.,
Limited. The Cincinnati Southern road extends from Cincinnati t<»

Chattanooga, Tenn., 336

miles.

The

rental

due

the

Cincinnati

$812,000 per year till 188(3, then $912,u00 till 1801
$1,012,000 till 1800. $1,102,000 till 1001, and $1,2(32,000 till 1006.
For 1882, gross earnings, $2,570,057; net, $001,131; rental, Ac..
is

: surplus. $105,0 >3; dividend in Feb., 1383, $00,000.
Scott, President, Cincinnati. (V. 3(>, p. 80, 365 ; V. 37, p. 534.)

$886,"Th

John

Cincinnati Nortliern.— Dayton. O., to Cincinnati, 60 miles. Con¬
necting lino, of the Toledo Del pirns A Burlington, and in March, 1883.
consolidation with the Toledo Cincinnati A St. Louis was voted, and
after that company defaulted an attempt was made to get a separate
receiver for Cincmnali Northern. Thore are also $1,000,000 of income,
bonds, and an authorized issue of $1,000,000 mortgage bonds on the
Avondale branch, of which $700,000 are outstanding.
The coupons
of 1st mortgage bonds from Oct., 1882. to Sept., 1884, inclusive, were
to be funded into a 0 per cent scrip. Stook, $1,000,000. (V. 36, p. 108,
365, 390; V. 37, p. 176, 563.)
Cincinnati Richmond A Chicago.—Owns from Hamilton, O.,
to Indiana State Line, 37 miles; leased, Richmond. Ind., to Ohio State
Line, 7 miles; total operated. 44 miles. Reorganized May 3, 18(36,
and leased in perpetuity from February, 1869, to Cincinnati Hamilton
A Dayton Co., this company to receive all surplus after expenses and
bond interest. Gross earnings in 1882-83, $254,003; net. $100,844.

interest liability, $53,900;

surplus, $55,044. Capital stook, $382,600’
Wayne.—Owns from Rich¬
leased, 8 miles of Pittsburg
Fort Wayne A Chicago; total operated. 91 miles. Leased for 09 years
to Grand Rapids & Indiana, the rental being net earnings; in¬
terest is guaranteed by the lessees and by the Pennsylvania Company
Cincinnati Richmond Sc Fort
mond, Ind., to Adams, Ind., 86 miles;

tad Cincinnati Hamilton A Dayton Company,

Gross earnings
in 1882, $435,764; net, $122,002. Loss to guarantors, $4*>,4-l. Capital
stock, $1,709,192. Total advances by guarantors, $732,703.
Cincinnati Sandusky Sc Cleveland.—Owns from Sandusky,
Ohio, to Dayton, Ohio, 154 miles; branch, Carey to Findlay, 16 miles;
leased, Columbus Springfield A Cincinnati. 44 miles; total operated, 214




jointly.

7
7
6
7 g.
7
3
6 g.
7

7
7 g.
2 A 10s.
3
6
7
7
7
7

500,000

3,500,000

4,000.000

Payable, and by Stocks—Last
Dividend.
Whom.

A.
F.
J.
J.
M.
M.
J.

A
A
A
A
A
A
A

New York.
April 16, 1883
O. N. Y., Amer. Ex. Bank.
April, 1888
A.
do
do
Feb., 1897
1>.
do
do
Dec., 1892
do
do
J
Jan., 1387 .’92
N.
do
do
May 1. 1920
S. N. Y., Am. Ex ch. N. Bk.
Mcb.. 1901
J. New York, Moran Bros.
Jan., 1901

A.
J.
J.
J.

A
A
A
A

O. N. Y., Geo. W. Ballou.
J. N. Y., Winslow, L. A Co.
do
do
J.
D. N. Y., Winslow, L. A Co.

Feb.

Boston, Otlice.
do
do
M. A N.
F. A A. Boston, Second Nat, Bk.
M. A S.
Boston, Otlice.
J. A I>. Boston, Second Nat.Bk.
A. A O.
N. Y., U. S. Trust Co.
do
do
J. A J.

J. A .T.
4^g. A. A 0.
3-4
F. A A.
5
5
5 g.

New York, Agency.
do
do
do
do
do
do
do
do
do
do

5, 1883

1920
July, 1895
Jan. 1, 1889
Oct.

1,

June. 1921
Deo. 1, 1882
■Nov. 1, 1883

Aug. 1. 1900
Sept. 1, 1897
Dec.

1,

1890

April 1, 1901
1902

Nov. 1,
Nov. 1,

1931
1931

April 1, 1893
Nov. 1,
Nov.
Nov.

1931

1, 1931
1, 1931

miles. less tin* division 1x4ween Springfield A Dayton. 21 miles, which is
leased to and operated !>y the Cleveland Columbus,Cincinnati A Indian¬

Six coupons on 2d mort. bonds were funded from June, 1877,
and $222.0(34 in coupon bond scrip is outstanding. The preferred stock
has a lien by deposit of old bonds in trust.
The Receiver, after a
three years’ possession of the property, was discharged January 1880.
hi Anril, 1881, a lease was made to the Indiana Bloomington A Western.
By the terms of the lease this company takes 331$ per cent of its gross
earnings as rental; but the amount in any one year shall not bo loss
than $220,000 nor more than $500,000.
In Nov., 1882, a dividend
apolis.

of 2 per cent cash and 10 per cent in tlio st
tield A Cincinnati RR. was declared.
In

ick of the Columbus Spring1882

re

itals receive 1

and

receipts were $36 4,059. Payments—Expenses. $19,132;
interest, $176,565 ; dividend on prefer re t stock, $25,731 ; sinkingf nnd,
$44.211; increase Honing assets. $25,578; decrease floating debt,
$72,370. (V. 3 4, p. 264, 48 5, 601.)
miscellaneous

Cincinnati A: Springfield.—Operates from Cincinnati. Ohio, to
Dayton, Oli:o, 80 miles, of which 33 miles were leased from other
companies. The whole is leased and operated by Cleveland Col. Cin.
A Ind. Co., giving them a line into Cincinnati, and depot accommoda¬
tion.
Lessees apply any excess over rentals to C. A S. stock.
Interest
is guaranteed on the first mortgage, one-half by the lessees and one-half
by L. Shore & Mich. Southern. Stock is $1,100,000. To January, 1883,
the C. C. C. A I.

ha l

a

Ivanced $2, L59.93L.

9
973,652
$
621,159
315,t *00

591.326
360,000
(6 p. <•.)

180,000

7

2,270.000

Chicago.—Owns

Bond8—Princi

pal,When Due.

Q-J.

7

3,040,000

1883
1883
1883
1883

m

m

1,000

1883

4 after).

3^

Where

When

Payable

1.944,500
6,854,036
13,535,903
7," 00.000 4WA 6g M. A N.

1883

1880-81.

Southern

2,000,000
651,000

1,000

INCOME ACCOUNT.

$711,150.

1.072.300

....

1.000

consolidation in 187(3 of the Indianapolis ct Cin. and the Laf. ct Tndianap
olis railroads, the company taking a perpetual lease of the Cincinnati
& Indiana Railroad. On August 1, 187(5, a receiver was appointed
and the. road was sold in foreclosure Feb. 2, 1830, and this company
organized. Of the $7,500,000 new bonds $<3,885,000 was reserved. Into
which all of the old bonds prior to tbe Indiana]*. Cin. <fc Laf. 7s of 18(50
could be exchanged at par. In addition to bonds given above there are
$72,000 of other issues outstanding.
In July, 1881, $2,000,000 new stock was sold to stockholders at 70,
and proceeds used to extinguish floating debt and for other purposes.
In June. 1882, another issue of $1,000,000 new stock was voted. After
paying dividends of 6 per cent in 1881, 6 in 1882, and 3 in 1883, the
dividend of July. 1883, was passed, the money being required for repairs
of damages by flood, Ac. A full explanation of this matter, and recapitulation of improvements in several years past, was in V. 37, p. 5t>9. Annual report in V. 37, p. 341.

Total di.-bursements.

666,000
350,000

Too

Vernon <ire.cn. & Rush., 41 miles (leased); Kankakee ct
half owsic.l), 42 miles; total operated, 382 miles.
This company was formerly the Indianapolis Cin. <fc Laf.,

Receipts—

423.’*97

....

from Ciminnati to Lafayette., Ind., 174 miles; Lawreueelmrg braucli.
2 miles; Harrison branch (partly owned), 7 miles; Fairland F. A M.
Road. 38 miles; and Cincinnati Lafayette & Chicago (leased). 75 miles;

Net earnings
Disbursements—
Interest on bonds
Dividends
Rate of di\ ide.nds
Miscellam ous

1.300,000
4,015,750

....

281

preierred stock
1st m. \ r. gbld, coup, or reg., guar, by B. & O

SI.

....

1866
1852
1867
1871
1872

•

....

2d mortgage..,

Indianapolis

•

Rate per
Cent.

1,600,000
2,790,000
499,000
1,329,000
1,193,000
1,120,000
1,500.000
3.000,000
1,000.000
560,000
(35,000

100

....

mmmm

Cincinnati Wabash £ Michigan— Stock ($3,000,000)
Cincinnati Washington £ Rail.—Common stock

Cincinnati

•

Amount

500 Ac.

....

1880
1866
1869
1871

3(3
90
190
190

and owned by C. H. A D
Richmond if: Ft. IT.—1st mort.. gold, guar
Cincinnati Sandusky £ Cleveland—Stock
Preferred stock
Mortgage Inmds, Sandusky, Dayton A Cincinnati
Mortgage bonds, Sandusky City & Tud
2d m. rig. Cine.. Sandusky A Clove
Cincinnati £ Springfield—1st mortgage, guar
2d mortgage, guar,

Cin.

2d mo!'f gage, gold
Prior lieu, gold
3d mort., gold (3 pr. ct'. for 10 years and
1st income mprt., uon-cumulative, gold
2d income mort., noir-cumulativo

1858
1867
1862
1867
1880
1871
1870

discovered in these Tables.

INTEREST OR DIVIDENDS.

Cincinnati

A

Wabash

Michigan

Railway,—Owns

from

Bent -n Harbor, Midi., to Anderson, Ind., 165 miles. Sold Nov. 5, 1879,
for account of bondholders.
New company organized April, 1880.
Total stoek authorized. $3,000,600.
Earnings for 1881. $-40.(339;
net. $63.*86; gross In 1882, $290,920; net, $79,589.
J. H. Wado,
President, Cleveland, Ohio. (V. 35, p. 182, 291, 404, 487.)

Cincinnati

Belp

e,

Washington A Raltlinore.—Cincinnati, O., to
Marietta to Bclpre, 11 miles; Ports¬

O.. 192 miles; urauclios

mouth to Hamden, 55 miles; Blanoliester to Hillsboro, 22 miles; total,
281 miles
T io Marietta A Cincinua‘i w *h a eo ’solidation in 1851 of the B lpre
A Cincinnati and the Franklin A Ohio River roads, and afterward
ab-orbed the II llsboro A Cincinnati and the Scioto Valiev. T ie Cincin¬
nati A Baltimore (into Cincinnati), aim the Baltimore Short. Line (main
line to B.-lpre) were leas *d.and on the reorganization have been consoli¬
dat'd. The Marietta A Cincinnati Co. made default, and the road was

placed in the hands of Mr. John King, Jr., of tlie Baltimore A Ohio,
receiver. Jams 27, 1877, and a foreclosure, suit was begun. Tlie sals
in foreclosure took place Dec. 9.-1*32, and re-organization was made
Feb. 7, 1883. under name of‘♦Cincinnati Washington A Baltimore.”
Too company had run behind largely in its income, partly owing tothe
fact tTiat large rentals and interest were paid to the Cincinnati A Balti¬
more and tlie Baltimore Shoit Line, in which
companies Baltimore &
Ohio parties were interested. The total yearly charges were about
*1,400,< 00, and by the reorganization are reduced to about $700,000.
The three o d mortgages on di Cerent ro ds given in the last three linos
as

allowed to remain ; then prior lien bonds were
issued for receiver’s certificates. Of the tirst mortgage bonds, $1,250.OuO were issued for the Cincinnati A Baltimore Uadroad stock, and bear
6 per cent : the balance 4hs per cent.
These bonds are guaranteed
of the table above were

by the Baltimore & Ohio Railroad Company. The income bondholders
all nicotians of stockholders for
will be entitled to one \ore at
every one hundred dollars held. The ho Tiers of Marietta A Cincinnati
first preferred stock paid a cash assessment of $2 50 per share ; *Jd pre¬
ferred. $L 50 per share; common, $1 50 p r share. The Baltimore &
Ohio RR Co. received for its claims' £3,100.000 of tin* new preferred
stock and $3,100,000 of the common of the new company.
(See plan
in V. 34, p. 408.)
The Marietta A Cincinnati was an expensive road to operate, even
without including the rentals, and in 1880, the best year of the past six,
the operating expenses were over 78 per cent of the gross earnings.
In 1876, whon rentals were only $9 :,(344, the net income applicable to
interest was $252,684; in 1*77 net income $47,3'2; in 187s, $b ,676;
in 1879, net deficit, $141,422 • in I880.net income, $110,293; in 1881,
net deficit, $88,749; in 1882.net income. $1*6.
A liberal allowano*
should probably be inado for expenditures in putting the toad in better
condition durng the receivership. Unfortunately, no full reports have
been made to the stockholders of late years, so that it is not possible to

analyze very closely the operations and earnings of the company. The
net earnings stated in the table, below are given Without the deduction
f rentals, except in the last year i8'2-"3.

about $705,000 p *r year.
and net receipts for four years, as rej orted to the Commis¬
Railroads in Ohio, for the years cndii g Juno 30, were m

Tiie fixed charges of the. new company are
The gross

sioner of
follows:

1879-80.

earnings
Expenses
Gross

$442,437

Net earnings

—(V. 36,

p.

1880-81.

1881-32.

1882-83.

$2,020,534 $2,120,404 $1,72 >,352 $2,020,956
1,57<?,047 1,917,933 1,441,913 1,763,610

18, 56, 170, 426

;

$202,471

$237,43 4

V. 37, p. 74; V. 33. p 6 >.)

$257,346

Hfi

39

RAILROAD

Subscribers will confer

a

STOCKS AND

BONDS.

[Vol. XXXVIII.

great favor by giving Immediate notice of any error discovered In tbiese Tables.

DESCRIPTION.

Bonds—Princi
pal,When Due
Where Payable, and by Stocks—Last

INTEREST OR DIVIDENDS.

Miles Date Size, or
For explanation of column headings, &c., see notes
of
of
Par
on first page of tables.
Road. Bonds Value.

Amount

Rate per
Cent.

Payable

Wnom.

7
7
7

Outstanding

When

J. A D.
J. A J.
M. & N.

New York, Agency.

Dividend.

&

i-y

Cincinnati Washington <£ Baltimore— (Continued)
Baltimore Short Line mortgage
Cincinnati & Baltimore mortgage
Scioto A Hocking Valley mortgage
Cleveland Akron <C Columbus—Stock
Cleveland Columbus Cincinnati <£ Ind — Stock

-

1869

$1,000

1852

....

$750,000
500,000

1,000

....

300.000

ioo

8018781
144
473
202
390
390
127
67
67
35
99

1st mortgage Bel.. & Ind
do
C. C., C. A I. sinking fund
Cons. M. for $7,500,000 (sink, fund 1 p. c.)

Cleveland

Mahoning Valley—Stock
1st mortgage, extended
3d mortg. (now 2d)
Niles A New Lisbon, 1st mortgage

Cleveland <& Marietta.—Stock
1st mortgage
Cleveland <t Pittsburg—Guaranteed stock

....

100

....

1864
1869

1,000
1,000
1,000

1874

50
500 Ac.
500 Ac.
500 Ac.

....

1873
1876
1870

....

1880

226
199
199

4th mortgage (now 1st)
Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds
Cleve. Tuscans Val. <£ Wheeling— IstM., (L.S.&T.V.)
1st mortgage, new, prior lien
2d mortgage, new
E. A B., 1st mortgage
Cleveland Youngs. &Pitts—1stM.,g.,for$1,600,000
Oolebrookdale—1st mortgage
Colorado Central—1st mortgage, new
Columbia & Greenville—New wort.,g’ld,coup, or reg
2d mortgage
Columbia <£• Port Deposit—1st mortgage

„

.

-

.

1862
1867
1873
1871
1878
1877
1872
1881
1868
1879
1881
1881
1868

„

_

.

50
500

....

•

....

....

13
323
164
164
40

1,000
1,000

1,000

4,000,000
14,991,600
367,000
3,000,000
2,948,000
2,759,200
740,500

....

2
7
7

F.
J.
M.
7 or 6 g. J.
M.
3*3
7 g. F.
7
M.
7
J.

654,600
500,000

.

1,547,000
1,000,000
11,222,550

"l
1%
6
7
7
7
7
7
7
6 g.
6
7 g.
6 g.
6
7

1,096.000
2.351,000

1,764,000
2,000,000

....

700,000

....

1,372,000
180.000

1,000

(?)

100 AC.

1,000
1,000
1,000
1,000

do
do
do

600,000

4,701,000
2,000,000
1,900,000
1,882,000

A
A
A
A
A
A
A
A

N. Y., U. 8. Trust Co.
do
do
do
do
New York or Loudon.

A.
J.
N.
D.
N.
A.
S.
J.

N.

Cleveland

Akron

Sc

Columbus.—Owns from Hudson, O., to
was made July, 1874, by Cleve¬

Default

land Mount Vernon & Delaware; Sold in foreclosure August 20,1881.
In March, 1882, the decree of foreclosure under which sale had been
made was reversed, and road was sold again June 7 to parties represent¬
ing the Holland bondholders and company reorganized without bonds.
Earnings in 1881-82, $469,920 ; net, $77,214. (V. 33, p. 124, 225, 468,
588, 715; V. 34, p. 408, 4s8, 574, 663.)

Cleveland Columbus Cincinnati Sc Indianapolis.—Owns
from Cleveland, O., to Columbus, O., 138 miles; Ualion, O., to Indian¬
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles;
leased, Cincinnati & Springfield HR., 30 miles; Levering Station to
Mount Gilead, 2 miles; total operated, 473 miles. This was a consolida¬
tion in April, 1868, embracing t lie C.C. A C. and the Bellefontaine roads.
The company

paid dividends prior to 1877, but after that the
large decline in rates for through freight and the heavy rentals paid
reduced the company’s income so that no further dividends were paid
until February, 1880. and none after that till February, 1383. In 1882
the company acquired control of the Imlianap lis A St! Louis, and made

i

r

a new lease of the St. Louis Alton A Terre Haute Railroad.
The report
Said: “The principal changes are that your company becomes a jointlessee with the Indianapolis A Sr. Louis Railway Co., and jointly liable
for the rent to be paid.” * * * “Under the new lease the rent guar¬
anteed is $450,000, and that amount is all that is to be paid unless tin*
gross earnings exceed $1,750,000, and then but 20 per cent is to be paid

of the excess of gross earn i.gs over $;,750,000.”
to the Cincinnati A Springfield Railway during

There was advanced
the year the sum of

§159,208 operating during of real estate, Ac., making the to be added the
eficit in for the purchase 1-82, $279,020, to which is t dal sum ad¬
vanced $438,228. The sinking fund provision of consolidated bonds
may be canceled at option of holders, and the bonds so stamped.
The accounts of the company for the nine mouths ending cept. 30,
1883 made the following exhibit:
1882.

Total earnings

Operating

N. Y., Union Trust Co.

A
A
A
A
A
A
A
A
A
A
A
A. A
F. A

J.
M.
J.
A.
A.
J.
M.
J.
J.
J.
J.

$ )87,302

Balance to credit of income
Additions to the property

$473,724
259,460

$494,917
294,124

$220,264

$205,792

Net result

487,385

Annual report for 1882 in V. 36, p. 338, showed the following:
1879.

WkEarnings—

$

1880.

1881.

$
863,448

•$

$

899.918

1.000.270
3,159.117

Passenger
Freight
Mail, express, Ac

739,939
2.790,405

3,328,209

138,711

146,451

3,225,356
165,076

Total gross earn’gs
O per ad ng expensesMamt. of way, Ac...
Maint. of equipment.

3,675,055

4,338.108

4,290.350

8

8

Transport’u exp’uses

1,672,315
96,395

Miscellaneous
Total

Net earnings

$
49 2,223

618.623

43

520.052

T.374

2,692,307
982,748

178,788

4,338,175
$

6)0,422

678.638

513,478
1,097,340

88,967

155,923

513.999
1,6 IS.685
122,456

2,976,625

2,967,169
1,323,181

1,374,697

1881.

18 82.

1,748,983

1,361,483

'

2,963,77s

INCOME: ACCOUNT.

1879.

Receipts—
Net earnings
Rentals and interest.
Miscellaneous
Total income

Disbursements—
Interest on debt
Taxes
Dividends
Miscellaneous

1880.

$
982,748
83,912

$

$

$

1,361,483

1,374,697
103,125

19,750

123,405

1,323,181
86,271
32,240

1,0SG,410

1,587,294

1,441,692

3,572,127

440,492
is,188

475,218
112,688

121,276

425,180

102.406

117.0L4

1

374,770

749,540

47,864

16,437

^

_

,

.

-

94.305

498,615

-

263

12,313

Total disbursem’ts.
964,828
538,174
632,204
1,324,657
Balance, surplus
262.637
939.923
121,582
853,518
—(V. 35, u. 235, 297, 320,658; V. 36, p. 285, 338, 730; V. 37, p. 342,

446, 594.)

4

■

Cleveland «fc dlalioniiig Valley.—Owns from Cleveland. O.
to Sharon. Facsimiles; Niles, O., to New Lisbon. O.. and branches,
46 miles; total operated, 127 miles.
It was leased to Atlantic A Great
Western in perpetuity from October 1, 1861. A new lease was made
to the reorganized company, New York Pennsylvania A Ohio, till Oct.




Y./Farm. L. A T. Co.

J.
do
do
do
do
N.
do
do
J.
O. N. Y., Uuiou Trust Co.
do
do
O.
J.
N.
J. N. Y., Central Trust Co.
D. Pliila., Phil. A R. Office.
J. Boston, Treas.’s Office.
J. N. Y., Nat. Park Bank.
do
do
O.
A.
Pliila., Penn. RR.
„

1,1914
(?)

Aug. 1, 1893
Sept. 15,1896
Jan., 1890
1905

Mch.

1, 1884
Jan., 1892
Nov. 1, 1900
1. 1913

Jan.
Oct.
Oct.

1,
1,
April 1,
May 1,
July 1,

1901
1898
1907
1892
1921

June 1,

1898

July, 1909
1, 1916
April 1, 1923
Feb. 1, 1896
Jail.

,

•

cessorof the Marietta Cleveland A Pitts;, which was foreclosed June 13,
1877. Earnings for 1831-82, $208,585; not. $79,356.
Earnings in

1832-83, $197,466; net, $47,337.

City.

(V. 34,

p.

Cleveland

R. C. Livingston, Pres’t, New York

52; V. 36, p. 560.)
Sc

Pittsburg.—Owns from Cleveland, O., to Roch¬

Pa., 124 miles; branches—Bayard, O., to New Philadelphia,'31
miles; Yellow Creek to Bellaire,43 miles; leased, Rochester to Pittsburg
(P. Ft. W. A C.), 26 miles; total operated, 226 miles. The property was

ester,

leased for 999 years from Dee. 1, 1871, to Penn. RR. Co., and lease trans:
ferred to Penn. Co. May 1, 1872. Rental, 7 per cent on existing capital
and $10,000 per year for company expenses, the lessees assuming all lia¬
bilities. The terms of the lease were 10 per cent, but tire old stock was
subsequently converted into a 7 per cent stock by an increase in amount.
In 1832 surplus income over charges to lessee was $474,951. This

company’s annual report for the

that final settlement had been

year ending November 30, 1882, stated
made with the Pennsylvania Railroad

Company in the matter of surplus assets remaining to this company, as
of tlie date of the lease, after closing its business, which surplus accrued
to the lessee by the terms of the supplementary agree merit of November
30. 187L. “The total amount transferred as authorized by the board
of-directors is $202,291. This sum has been charged against construc¬
tion,

meeting the old balance of net earnings—$390,138—credited to

construction in the year

1880.”
Operations and earnings for live years (ending December 31) were as

follows:

Years.

Miles.
226
226
226
226
226

—(Y. 36, p. 79

;

Passenger
Mileage.
14,853,524
16,624,524
18,083,711

22,265,486
23,234,059

Freight (ton)
Gross
Mileage.
Earnings.
143,114,623 $2,272,167
164,675,804
2,418,516
172,535,850
2,699,290
211,190,606
3,112,021
2 L5,901,749
3,353,363

Net

Div.

Earnings, p.o.
$966,112
7
1,151,780
1,275,488
1,507,131

1,734,467

7
7
7
7

V. 38, p. 87.)

Cleveland. Tuscarawas Valley Sc Wheeling.—Owns from
Black River, O., to West Wheeling, O., 158 miles. Chartered as Lake
Shore A Tuscarawas Valley in 1870 and opened in 1873. Sold under
foreclosure Jan. 26, 1875, and reorganized under present -title.
In

February, 1882, receiver was .appointed in a suit of the Union Trust Co.
of N. Y. under the mortgage or 1878, and in February, 1883, the road
was sold.
Gross earnings in 1880, $596,399 ; net, $214,303. In 1881,
$919,485; net. $349,863. Capital stock, $1,210,500.
231, 343; V 30, p. 705; V 36, p. 29. 169, 312, 358.)

gross,

1882.

May, 1899
June

Cleveland Sc marietta.—Operated from Marietta, O., to Cana.
Dover and branch, 99 miles.
This company was organized as sue

18s2

$950,585
470,871

Feb. 1, 1883
Until 1899

1,1962, at $357,180 per year till January, 1835, aud $412,180 per year
afterward.

1883.

Net earnings.
Total deductions from income

May 1, 1896

Aug. 1,
N.

.

$3,238,137
$3,182,s23
(70*13) 2,232,228 <69-51)2,250,835

expenses

Y., U. S. Trust Co.

F. A A

Q.-M.

Dec. 1, 1904
Jan. 1, 1900

Cleveland, Office.

.

Columbus, O., 144 miles.

do
do
do

(V. (34, p.

Cleveland Youngstown Sc Pittsburg.—Narrow gauge road in
progress front Alliance, O., to Steubenville, O., about 100 miles, and 32
miles branches. E irniugs in 1881-82, $42,082; net, $15,330. Henry
W. Ford, President, 5 Cortlaiidt St., New York.
(V. 35, p. 456.)

Colebrookdale.—Owns

from

Pottstown. Pa., to Barto,

miles.
Leased for 20 years'from Jan. 1,1870, to Philadelphia A
at 30 per cent of gross earnings.
Gross earnings in 1882-83,
m-t earnings (30 per cent rental), $18,381.
Gross in 1881-82,
u

-t, $17,309.

Pa.,

13

Reading,
$61,270;
$57,093 ;

Capital stock, $297,215.

Columbia Sc Greenville (S. C.)—The company owns from
Columbia to Greenville, S. C., 143 miles; branches to Abbeville and
Anderson.21 miles; total, 164 miles. Also owns Laurens RR., 31 miles;
and*leases Blue Ridge RR., 32 miles, and Spartanburg Union A Col. RR.,

69 miles. Total operated, 296 miles. In 1878 a Receiver took possession
of the Greenville A Columbia an l the road was sold in foreclosure April
15, 1880, and reorganization was made under this name; preferred
stock, $1,000,000; common stock, $1,000,000; all in $100 shares.
A majority of the stock is held by the Richmond A West Ft. Terminal
Co. The gross earnings on all
in 1882-83 were $83 1,375; net,
$299,108;" interest. $202,650; rental, $50,000. Six per cent paid on
preferred stock. December, 1882. (V. 35, p. 251. 560; V. 38, p. 202.)

lines

Colorado Central.—Owns from Wyoming boundary line to Denver,
132 miles, and Julesburg to La Salle, 151 miles; and leases 9 miles,
in Wyoming to Hazard Station;
total standard gauge owned and

operated, 292 miles; Golden to Georgetown (narrow gauge) 28 miles,
and Forks of Creek to Central, 11 miles; total narrow-gauge, 39
miles; total operated, 330 miles. Chartered in 1865, and main line
opened in 1870. It is owned by the Union Pacific. The new mortgage
bond was issued to take up the old 8 per cent bonds, of which $87,000
are yet out. Stock, $6,230,300. A dividend of 7 per cent paid in Decern*ber, 1S-2.
Gross earnings in 1882. $1,720,039 ; net, $680,165. Pay¬
ments—Rental, $4,336; interest, $336,039; divideud, $435,121 total,
*776.486. Sidney Dillon, President, New York.
Columbia Sc Port Deposit.—Owns from Columbia, Pa., to
Port.Deposit, Md., 40 miles. Leased to and operated by Pennsylvania
RR. Co. Rental, net earnings.
Net earnings in 1881. paid to lessors,
$39,777.
Capital stock, $497,100; funded debt, $1,882,000, and float¬
ing debt (coupons), $594,195.

KAILROAD

1864. J

February,

STOOLS

AND

BONDS

33

Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables
DESCRIPTION.
For

explanation of column headings, Ac., see notos
on

first page of tables.

Bonds—Princi¬

INTEREST OR DIVIDENDS.

Mile-e
Date Size, or
of
Of Pu
Road. Bonds Value.

Amount

Outstanding

Rate per
Cent.

When

Payable

pal, When Due-

Wliere Payable ana by
Whom.

Slocks —Last

Dividend.
•

Talley d Toledo—Stock
mortgage, gold (for $14,500,000)

Columbus Hocking

''Consol,
1st

mortgage, sinking fund bonds

2d mortgage

bonds

Columbus A Toledo, 1st mortgage coupon, s. f
do
2d mortgage coupon, s. f—
Ohio A W. Va., IstM. (s. f. $15,000 begins in ’86)

Columbus Sprinalictd d Cincinnati—1st mort
Columbus d- Western—1st mort. (end. by Cent. Ga.)

folumbus d Xenia—Stock
"

1st mortgage

Concord—St ock
Concord d Claremont—Bonds
Concord & Portsmouth—titook, guaranteed
Connecticut Central— 1st mortgage, ep. or reg
Connecticut d Passumpsic—Stock
Mortgage bonds

Massawippi st’k, guar, same div. as Conn. A Pass.
do
bonds, guar, by Conn. A Pass
Newport A Richford bonds, guar, by C. A P
Connecticut River—Stock
Connecting tPhila<)—1st mortgage
Connotton Valley- New consolidated mortgage
Consolidated RR. of Vermont— 1st mortgage
Mortgage bond (Vt. A Canada)
—

324
324
121
121
118
118
83
45
60
55
55
142
71
41
29
147
110
37
37
22
SO
7
161
185
73

Missisquoi Railroad bonds

....

1875
....

1873

400.000

400.000
350,000

100

.

2,370,000

1,000
1,000
100 Ac.

4
6
5 A 6
5

991,000
6,359,000
7,000.000
50,000
500.000
1,250,000
803,500
445,000

500 Ac,

1,000
1,000
1,000

1868

'

3
7
3
6 g.
5

1,500,000

1,000

1864
1882
1883
1879
1871
1883
1866

78
38
38

3*2

325,000
2,244,400

1,000

1870
1881
-

350,000

1.500,000

100

...

-

5 g.
7
7
7
7
7
7
7
2
7
5
7

302.000

50
500 Ac,
100
500 Ac.
100
100 Ac,

1874

.

500,000

1,000

....

-

2*2

1,000

1860

....

Corning Cowanesque d .1 ntrim—Dcben;ure bonds..
Cumberland d Pennsylvania—1st mortgage
2d mortgage, sinking fund, (guaranteed)

$100 $10,316,500
8,000,000
500 Ac.
1,401,000
1.000
777,000
1,000
2,474,000
422,000
1,000
1.000
1,584,000
1,000
1,000,000
1,000
677,000
50
1,786,200

1881
1867
1872
1875
1880
1879
1871
1881

5
7

6
6
6

Jan. 10, 1883
8. N. Y., Winslow, L. A Co. Sept. 1, 1931
0.
do
do
Oct. 1, 1897
J.
do
do
Jan. 1, 1892
A.
do
do
Aug. 1, 1905
S.
do
do
Sept. 1, 1900
N.
do
do
May 1, 1910
S. Best.,3 Merchants’ Row Sept. 1, 1901
J.
N. Y., Nat. City B’k.
Jan. 1, 1911
Columbus Treasury. ‘
Doc. 10,1883
Q.-M.
M. A 8. N. Y., Am. Exch. N. B’k Sept. 1, 1890
M. A N. Bost.AMancliester.N.H. Nov. 1, 1883
J. A J. Best., Treasurer’s office
1894
J. A J. B os t. A M an cheater, N. II.
Jan. 2, 1884
A. A O.
New York City.
Oct. 1, 1895
F. A A.
Feb. 1, 18S4
Boston, Olfiee.
A. A O.
do
April 1, 1893
F. A A.
do
Feb. 1. 1884
J. A J.
do
Jan. 1, 1890
J. A J.
do
Jan. 1, 1911
J. A J. Boston, Springfield, Ac. Jan. 1, 1884
M. A S. Pliila.. Penn. RR. Office. 1900-’l-’2-’3-’4
M. A N.
Boston, Co.’s Office.
May 1, 192j2
J. A J.
Boston Office.
July 1, 1913
A. A O.
Oct., 1909
J. A J. St. Albans. W. 0. Smith. Jan. 1. 1891
M. A N. Pliila. F. I.T. A S. I). Co. May 1. 1"08
M. A S. N.Y., Consol.Coal Otlice March 1,1891
do
M. A N.
do
May 1. 1888
M.
A.
J.
F.
M.
M.
M.
J.

A
A
A
A
A
A
A
A

.

•

■

Columbus
from Toledo

to

lfocklng Valley A Toledo.—Owns main line
Pomeroy, 257 miles; branches—Logan to Athens, 26;

Logan to Straitsville, 13

;' Straitsville to Nelsonville, 17; others, 11; total,

324 miles.
This was

a consolidation in Julj\
1881, of the Columbus & Hock¬
ing Valley, Columbus A Toledo, and Ohio A West Virginia. The stocks

companies

of those

were

purchased aud new consolidated stock for

$20,000,000 made, of which the above was issued. Or' the consolidated
mortgage $6,500,000 is reserved to meet the prior bens. The Central
Trust Co. of New York is trustee.
Prior to the consolidation the Columbus A Hocking Valley had 112
miles of road, $2,500,000 debt and $2,400,000 stock.
It had paid regu¬
lar dividends of 8 per cent for a number of years, with a small surplus
balance. The first dividend on the consolidated stock was that of 21s
per cent paid in January. 1883:
Annual leportinVol. 37. p. 150, giving a statement
income, Ac., for two years as follows:
1881.
Miles of railroad
322-50

Gross earnings
Operating expenses

Connecticut Central.—Owns from East Hartford, Ct., to Massa¬
chusetts State JLiue, 20 miles; branch from Melrose to West Street, Ct., 7
miles; total operated, 28miles. Leased to NewYorkA New England HR.
for 15 years from June 1, 1880, the rental to be net earnings, but never
to exceed 6 per cent per year on stock. Capital stock, $148,500. Funded
debt, $325,000, all owned by New York A New England Railroad. In
year ending Sept. 30, 1833, gross
fixed charges. $19,494. (V. 35, p.

2,602,232
35,371,201
$2,886,437

Years.
1879-80

1,752,734

were as

follows:

Miles.

$1,133,703
$866,060

$1,190,657
$620,887
12,650
23,337
533,783
3,691 96

Bidance—credit
Net earnings per mile

Expenses to earnings
Average rate per passenger per mile
Average rate per ton per- mile
GENERAL BALANCE

SHEET

27,597
22,787
216,465
3,500 63

52*75 p. c.
2-57 e.
0-81 c.

60-72 p. c.
2-60 e.
0-89 c.

DKCKMIiKK

31, 1882

Cost of road

$10,316,500
14,658,000

$14,413,799 I Capital stock
Equipment
3.187.S10 ! Funded debt
Real estate and build*g
315,055 j Bills payable
Stocks and bonds
Materials and fuel
Docks
and teiuiinal

property, Toledo

...

Car A lo< emotive tf'sts
Bills and accounts
Cash on hand

493,324
314,288

8,009,920 i Current accounts
213.557 I Other liabilities

11,631

j I a* isc warrants

502,941 I Bond interest accrued
1,102,617 j Coupons not presented
1S9.465-1 Piotit and loss
32.260

1,102,617
133,333
8,147
929,614

i

Total liabilities.
Total assets
$27,967,454
$27,967,454 |
—(V. 35. jl 102, 131. 213. 478, 486 ; V 36, p. 251: V. 3' p. 150. 234,
421 ; V. 3?. p. 114.)
Columbus Springfield A Cincinnati.—Owns from Columbus,
Ohio, to Springfield, Ofdo. 44 miles. Leased with Cincinnati Sandusky
A Clew land to Indiana Bloomington A Western, May 1. 1381, for 33*3
per cent of gross earnings, with guarantee of $80,000 as minimum.
Of the excess over minimum, if any, on 3313 basis, this company takes
one-fifth and Cincinnati Sandusky A Cleveland iour-fift-hs.
Capital
stock. $1,000,000, and bonds, $1,000,000.
.

Columbus A: Western.—Owns from Opelika to Goodwater, Ala.,
60 miles; operates Columbus Branch of Western Railroad of Alabama,
29 miles—total 89 miles. The Savannah A Memphis HR. wan foreclosed

June 5, 1830, and this Company organized. Extension was in progress
from Goodwater to Birmingham, Ala. The bonds are endorsed by Cen.
RR. of Georgia. Earnings in 1881-82, $144,744; net. $20,609.
Stock,
$1,750,000. W. ct. Raoul, President, Savannah.
Columbus A: Xenia,—Owns from Columbus, Ohio, to Xenia, Ohio,
55 miles. Is operated as a division of the Little Miami, aud is leased
for 99 years in connection with that road to the Pittsburg Cincinnati A
St. Louis, which pays 8 per cent on stock and provides tor the bonds.
Tiie lease is guaranteed by the Pennsylvania Railroad Company. The
Columbus A Xenia pays 8-5 per cent dividend per annum.

Concord.—Owns from Concord, N. H., to Nashua,N. II., 35 miles;
Manchester A North Weare, 19 miles; Hookset Branch, 7 miles; li a>ed—
Concord A Portsmouth, 41 miles; Suneook Valley, 20 miles; Nashua
Acton A Boston, 20 miles; total operated, 112 miles. The company hail
joint operating contracts with the Boston A Lowell part of the year.
See report V. 30, p. 650. Fiscal year ends March 31. Operations, earn¬
ings, and income over rentals, Ac., for four yeas past were :
Gross
Net
Div.
Passenger Freight (ton)
Years.
Miles.
Mileage
Mileage.
Earnings. Earnings. p. 0.
i 1,081,309
1879-80.
142
10
29,006,834
$870,088
$346,732
1880-81
13.118.217
142
955.000
10
362,608
30.295,384
1881-82.
21 499,671
142
1,258,419
10
471.208
31,976,137
1882-83
142
10
1.317,879
430,317
—(V. 35, p. 160; V. 36, p. 560, 650, 675.)
Concord A: Claremont.—Owns from
Concord to Claremont.
N. H., 56 xu'les; branch.; Coutoocookville to Hillsborough, N. H..
15 miles; total operated. 71 miles. Consolidation of several small roads
..

..

.

..

.

in 1873.

..

Fiscal year

ends March 31. Gross earnings in 1882-83, $152.Capital stock, $410,900. Floating debt.

25!>; net earnings, $44,103.
$251,245. (V. 36, p. 675.1




Passenger
Mileage.
6,174,878

Gross
' Earnings.

Freight (ton)

Mileage.

13,670,452

$657,547

6,117,700
19,726,662
1881-82
7,198,586
22,589,950
1882-83.
8,365,277
22.792,090
—(V. 35, p. 297, 34 7; V. 37, p. 266.)

Net

Div.

Earnings.

p.e.
3
5
6
6

774.146

1880-81.

...

..

.

.

...

Net earnings
Interest on bonds...
Iiterest on debt
Rentals

earnings, $98,409; deficit, $6,666:
574; V. 37, p. 563.

17,495,682

1882.
324*00

1,514,221
$2,519,794
1,329,137

,

Portsmouth.—Owns from Portsmouth, N. II.,
to
II., 40^ miles.
The road was sold to tirst mort¬
gage bondholders in 1857, and leased to Concord HR. iu 1858. Lease
rental is $25,000 a-year, which gives 7 per cent a year to present stock¬
holders. There is no debt.

N.

Connecticut «Jt Passumpslc.—Owns from White River Junction
Vt., to Canada Line, 110 miles; leased, Massawippi Valley and branch
(Canada), 37 miles; total operated, 147 miles. The lease of Massawippi
Railroad is at 6 per cent on bonds and same dividends as are paid on
the stock of the lessee. Fiscal year ends June 30. Abstract of last
report in V. 37, p. 266. Operations and earnings for four years past

of operations,

16,134,712
2,309,123

Passenger milt s
Freight (tons) moved
Coal, included in freight

Concord

Manchester,

..

147
147
147
147

$226,139
311,165

851,749

303 845

884,851

270,969

Connecticut River.—Owns from Springfield, Mass., to South Ver
Vt.. 50 miles; branches, 6 miles; letised Asliuelot RR., South
Vernon, Vt., to Keene. N. H., 24 miles; total operated. 80 miles. Fiscal
year ends September 30.
Net income 1880-81, $236,051; 1881-82,
non,

52,418; 1832-83, $261.266. Pays 80 * y cent dividends
as no funded debt.
(V. 35, p. 103, 5 77.)

ou

{stock and

Connecting (Philadelphia).—Owns from Mantua Junction to
A connecting link iu Philadel¬
Pa., 7 miles.
phia to the West and South.
Operated by Pennsylvania Railroad.
Rental, 6 per cent on capital stock, $1/273,300; and interest on funded
debt, $991,000. The bonds are issued iu scries A B C and D, maturing
respectively in 1900-’l, ’2, ’3 and ’4.
Connotton Valley.—Owns from Cleveland to Sherrodsville, 103
miles; Canton to Coshocton. 55; Oneida to Minerva, 3; total, 161
This includes the Connotton Valley A Straitsville.
Tu February, 1832,
the company became embarrassed and new arrangements were made.
The consolidated mortgage was issued ($7,000,000 authorized) in two
series, of 5 and 6 per cent bonds, only different in that the first take 5
per cent until May, 1885, and then 6 per cent. All the old 7 per cents,
except $69,000, and all the Con. A Straitsville bonds, except $78,000,
were retired.
Interest on $27o,000 terminal trust and $54'*.000 car
trust bonds^has been paid. Preferred stock issued is $885,850; com¬
mon stock, $5,009,000.
Default was made May, 1832. on old bonds and
Nov., 1882, on consol, mortgage, and receiver was appointed January,
1884.
Francis Bartlett, President. Boston.
(V. 36, p. 195, 312,674;
V. 37, p. 74, 99 ; V. 38. p. 87, 114, 202.)
Consolidated Railroad of Vermont.—Road owned—Windsor,
Frank ford Junction,

Vt., to Burlington. Vt.. 120 miles; Essex Junction to Rouse’s Point. 47 ;
Essex to Burlington, 8; Swanton to 8tate line, lo; total, 185 miles.
Leased—Addison RR., 16 miles; Montpelier A White River RR., 8;
Montreal A Vt. Junction RR., 26; Rutland RR., 120; Stan. S. A Ch.
RR.. 43 ; Vermont A Mass., 21 ; New London No., 100; Brat. A White¬
hall RR.. 56.
Total owned, leased and operated. 555 miles.
This is the title of the new corporation formed on the reorganization of
the Central Vermont ami Vermont A Canada companies in 1883. The
holders of the first and second mortgage bonds tiled articlesof association
with the Secretary of State of Vermont on April 24, 1883, for organizing
the now company. Preferred stock is $750,000.
(See scheme of reor¬
ganization in V. 35. p. 1-5.) A11 injunction was issued, and consolidation

impeded. The Central Vermont, which operated all this mileage in 1882,
reported earnings on 419 miles as $2,760,"34 gross and $541,435 net.
Rent of leased lines $347,500. Net earnings in 1881, $645,6-8; in 1880,
$796,026. (V. 36, p. 479, 560, 623, 674; V. 37, p. 234, 293,311,695,
718; V. 38, p. 114.)
Corning Cowancsqoe A: Antrim.—Owns from Corning. N. Y.,
to Antrim, Pa., 53 miles; branch, Lawroucevillc to Harri.-ou Valley,
Pa., 32; total operated, 85 miles.
Consolidation (January, 1873)

of the Blossburg A Corning RR. and tlie Wei Inborn RR. Jinn* 1, 1874,
the Cowanesifue Valley RR. was absorbed. These lines are leased to aud

operated by the Fall Brook Coal Co.

Rental paid—6 per cent on bonds,
6 per cent on common stock and 7 per cent on preferred stock; divi¬
dends paid quarterly, March 31, Ac. Stock—common, $1,500,090. aud

preferred, $500,000.

The coal line of Pbila. A Reading and N. Y. Cen¬
which jointly guarantees the
bonds of the Jersey Shore Pine Creek A Buffalo road. Earnings in
1882, $571,537; net, $139,261. George J. Magee, Prest., Watkins, N.Y.
—(V. 35, p. 235, 546.)
Cumberland A: Pennsylvania. - Owns from Cumberland. Md.,
to Piedmont, Md., and several branches, 55 miles,
it is owned aud
operated by Consolidation Coal Company, which guarantees second
tral

is

over

mortgage

the road of this company,

/

RAILROAD

34
Subscribers will confer

a

;

explanation of column headings, Ac.,
on

see

first page of tables.

| Miles 1

notes !

of

Size,

ot

1

125
52

...

•

36%

1st and 2d mortgages
Consolidated mortgage

33

36%

Danv.Qlncyit
—1st-(for$1,000,000) ep.or reg.
Dayton d: Michujun—Com. stock (3% guar.C.U. AD.)
Preferred stock, (8 percent, guar. C. II. A D.)

•

3d mortgage
Consol, mortgage, guar, bv C. IT. AD
Dayton J.; Union—1st mortgage

100
1 11
141
112
142
152
32

Income mortgage

guar.

L. M. andC. A X.

"44

DcUncarc—Stock

85
85
31
27

Mortgage bonds, convertible, guar. P. W. A B
Delaware
Bound Broolc—Stock, guaranteed

mortgage debenture bonds,

-

-

....

’70-’72
1880
1883
1880
....

•

..

..

1882-83
F. 8.

36%
36%

2%
7
6

i r»<> non

2,402,573
1,211,250

1,197,215
650.000

1,000

1,692,000

O

1 500 000

....

192J)Q0
26,200,000
3.067,000
600,000

7
6
2
7
7

370,900

7

....

1875
50
1877
1872
1859

....

1,000
100 Ac.

(?)
35,000,000
6,382,500
18,740,500
5,000,000
3,613,000

....

Too

1870 i 500 <fcc.|
1880 | 500 Ac. I
1883 i
1,000 |

j

1

•

Pliila. and Carlisle. Pa.
Phila., T.A. Biddle A Co.
do
do
do
do
New York and Danbury
N. ,Y„ Nat. City Bank.
do
do

Jan.

Jan.

New York,
do
do
do

Q.-J.

S.j

i%

Q'.-j.

N.

M. A N. |
J. A J.!
A. A O.

7 g.
7
5

1920

I905
1, 1910
3, 1883
2, 18S4
Sept., 1881
Oct., 1888
Jan. 1, 1911
Dee. 1, 1909

Jan.
Oct.
Jan.

Alter 1910
Jan. 1, 1905
Jan. 2, 1894

July 1, 1895
Afnv-

do
do
do

....

1 OOA

March, 1885

Y., Company’s Office.
do
do
do

Jan.
Nov.
Jan.
Oct.

i

7 A 6

1884

Jail. 21, 1884
Sept. 1. 1907
June, 1892

Otlice.

do
do
do

1,

April 20, 1883
1920, ’90, '92

F A A Phila Guar T A S D Co
M. A N.
Philadelphia.

M. A S.|
J. A D.
M. A

2, 1884

April 1, 1904
April 1, 1909

Feb. 14. 1881

Philadelphia.

Q.-F.

t
1

Company.

Dividend.

N. Y., Farm. L. A Tr. Co.
1’CG
Cincinnati. C. H.A I;.Co.
2
Q.-J. N. Y., Winslow, L. A Co.
7
do
M. A S.
do
do
7
A. A O.
do
5
J. A J.
do
do
7
J. A D. N.Y., Am.Excli.Nat.Bk.
6
J. A D.
J. A J. N. Y., Am. Excli. N. B’k
6 A 7
3
J. A J.
Dover, Co.’s Office.
6
J. A J. Phil., Fid. I.T.A.8.D. Co.
7

801,000

25

.

Whom.

Q.-J.

6

400,000
100,000

Where

A. A O.
A. A O.
A. A O.
Various
J. A J.
J. A J.
A A O
J. A J.
A. A O.

8
8

225,000
173,000
495,000

Valley.—Owns from Harrisburg, Pa., to Potomac

14,1882
1, 1900
1, 1910
1, 1913

Yearly.

1

t

Tho Lackawanna A Bloomsburg was consolidated with this

company June 19, 1873.

Th6-Delaware Lackawanna A Western management has furnished little
information concerning its earnings or finances, no annual reports
in

pamphlet

or

monthly statements of earnings having been issued.

The

road was operated mainly as a coal carrier and distributer till 1882,
when tho line from Binghamton toBuffalo was built ah 1 leased to tho
Delaware Lackawanna A Western, au l the company entered the field as

competitor of the trunk lines between New York and Buffalo. The
minority stockholders complained much of the lease, and the guarantee
a

of the New York Lackawanna A Western stock and bonds, which entail*
a charge of $1,470,000 per year on the Delaware Lackawanna A Western,
and made tho securities of the leased road valuable, thus bringing largo
profits to the construction company which had built it. The Delaware
Lackawanna A Western stockholders claimed that the
opportunity
should have been offered them to subscribe for the’stock and bonds of
the new line, which were to be guaranteed.
The Delaware Lackawanna A Western formerly paid lo per cent on its
stock, but its numerous railroad leases became onerous, and in the dull
times, 1876 to 1880, no dividends were paid; in 1380 3 per et lit was

3,698,860

Net

Div.

paid

Earnings.
$195,163

Earnings.
$88,341

200,993

72,990

P- c.
5
5

211,731

Passenger
Mileage.
3.608,823

61,681

2%

1871, 102® 111%; 1872,
1875, 108% ® 123 ; 1876,
641-2® 120%; 1377, 307s®77; 1878, ll®0l"s; 1879.43091; 1830 68%,
® 110>4; 1881, 107&13I ; 1882, 1164®150li; 1883, 111%®131%; 1881

Gross

Freight (ton)

Mileage.
1,223,828
1,330,115

Lockwood, President, Norwalk,

(V. 35, p. 237.)

Danville Olney Sc Ohio River.—Tins road is projected from Dan¬
ville, Ill., to Olney, and to lhe Ohio River. 213 miles, of which 110 miles,
Danville to Olney are. in operation; also 20 miles of Chicago A Eastern
Ponds sold in 1881 at par, with $500 stock given with
Illinois leased.

each$1,000 bond.

2%

600,000

1,000
1,000
1,000

:

Miles.
34

! Payable

426,000
351,000
1,898.000

branch roads. Operations and earnings on the main line for three years
past were as foil >ws:
Passenger Freight (ton) Gross
Net
Div.p.c.—>
Years.
Miles.
Mileage. Mileage. Earnings. Earn’gs. Pref. Com.
1880
125 7,386,350 11,043,062 $536,9-15 $230,199 10
10
1881
125 8,907,357 18,364,654 022,538 220,429 10
10
1882
125 9,708,700 231210,720 089,305 229,452 10
10
—(V'. 30, p. 304, 364.;
Danbury Sc Norwalk.—Owns from Danbury, Conn., to Wilson,
Pt., South Norwalk, Conn., 26% miles; branches to Ridgefield and
Hawleyville,together 10 miles; total operated, 30*3 miles. Dividends
have been irregular. Operations and earnings for three years past were

Years.
1880-81
1881-82.

Cent.

109,500
81,800

1.000

1875

When

161,000

'

Bonds—Princi
pal,When Duo
Payable, and by Stocks—Last

INTEREST OR DIVIDENDS.

'

1,000

River, Mel., 82 miles; leased—Martinsburg A Potomac RR., 12 miles;
Dillsburg A Mechanics burg KH., 8 miles; Southern Pennsylvania RR.,
21 miles; controlled, Mont Alto RR., 18 miles; total controlled and
operated, 141 miles. Owns or leases several factory roads, in all about
43 miles. The stock is owned in largo part by Pennsylvania RR. Co.
Last annual report V. 30, p. 304.
Large advances have been made to

follows

[Vol. XXXVIII.

Rato per

$1,777,850

100
500 Ac.
50
50
1,000

1871
1867
1869
18.81
1879
1879
1865

....

as

Outstanding !

reg

731
Consol, mort., on roads A equipm’t, ($10,000,060)
288
Plain bonds
Lackawanna A Bloomsb., 1st mort. (extension)..
60
Denver dt Nero Orleans— 1st mortgage
Denver dltio (Jrandc—Stock
1,281
1st mort., gold, sinking fund
337
1st consol, mortgage ($15,000 per mile)
All.
General inoitg., convertible (for $50,000,000)
Car trusts (mature 10 per cent yearly

r

Amount

oOO Ac.
500 Ac.
100 Ac.
50
100 Ac.

Delate are Lackawanna d Western—Stock

Cumberland

BONDS.

|

or

Par
Value

$50
.

52

Danbury 4) Norwalk’—Stock

2d

i

Date

j Road. j Ronds.

Cumberland Valley—Stock ($484,900 is preferred).
1st mortgage
2d mortgage, sinking fund guaranteed
Common bonds

bonds
Dayton & Western—1st M.,

AND

reat favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.
For

STOCKS

Stock issued, $1,000,000.
appointed.

In Nov., 1882, company
For plans of reorganiza¬
tion, Ac.. Ac., sec references below to the CiiuoN'ici.E. P. C. Chandler,
President, Boston; Charles Howard, Receiver. Danville, III. (V. 30, p.
29, 80, 510; V. 37, p. 179, 509, 503, 591, 095 ; V. 38, p. 00, 177.)
Dayton Sc .11 ieliigait.—Owns from Dayton, O., to Toledo, O., 141
miles. Leased May 1, 1*03, in perpetuity to the Cincinnati Hamilton &
Dayton. Lease amended Jantiaiy 23, 1.870. The. rental is the interest
and sinking fund of debt, and 8 per cent on preferred stock and 3% per
cent on $1,010,000 common. Of t he common stock $1,010,000 only is
guaranteed 3% by C. II. A I>. Profit, to lessee in 1881-82, $27,1*2;
1882-83, $-01,138. The'lessees hold $1,398,100 of the common stock.

;

1881, 6-4; 1832, S-; 1883, 8.

Prices of stock yearly since 1870 have been:
9? ® 112%; 1873, 7943 £106; 1 374. 99 ® 112*8;

to Feb. 1(5, 1 U11®1284.
The following is a synopsis from
four years;
1879.

the company's income account for
1880.

1881.

1S82.

$
Earn’gs, receipts, coal, Ae.20.226,708 21,656,601 27,396,526 27,006,267
Operating expenses
16,416,256 15,753,131 19,032,662 20,163,078

became embarrassed and receiver

Dayton A; Union.—Owns from Dodson,

Ohio, to- Union City, Iiul.,

32 miles; leased Dayton to Doilson, 15 miles; total operated, 47 miles.
The Greenville, Sc Miami 11R. was sold out Oct. 30, 1802. nul re-organ¬
ized as nowin Feb, 1803. Operated by trustees since December, 1871.

Capital stock. $80,300. In year ending Oct. 31,1882, gross earnings,
$154,701; net earnings, $20,251.
Dayton A Western.—Owns from Dayton, O., to State Line, Tml.,
37 nines. Leased in perpetuity from Jan. 1
1805, to Little Miami;
and carried with that road in the general lease to the P. C. A St. L. The
lessees are virtual owners and are answerable for all obligations.
Delaware.—Owns from Delaware. Junction (P. W. A B.), Del., to
,

Dolmar (Md. Line), 84 miles; branches, 10 miles; total

miles, less two branches (15

operated,

100

miles) operated by the

Dorchester A
Queen Anne A K. railroads. The, Delaware. Railroad was
opened 1855-60, and Is leased for 21 years from 1870 to the P. W. A B.
Co.; rental 30 per cent of gross earnings, but stock must have 0 per
cent. Gross earnings 1881-82. $595,078; net,, $178,523; 1882-83, gross,
$614,GOG; net;, $484,382; interest an l dividends, $130,306; surplus,
Delaware and

$54,015.
Delaware A Round Brook.—Owns from Bound Brook (Cant,
of New Jersey) to Delaware River, 27 miles; branch, main line to

Trenton, 4 miles; total operated, 31 miles.

In connection with Central

of New Jersey and North Pennsylvania forms a line between New
iork and Philadelphia.
In May, 1879, the property was leased for
990 years to the Philadelphia A Reading Railroad Company—the lessee

paying
in

interest and 8

1881,

per cent on stock after May, 1.883.
$668,489; net. $334,162. In 1882*, gross,

Gross earnings
$693,525; net,

$326,331.

Surplus profit to lessee, $85,374.
Delaware Lackawanna A Western.—'This comp.oiy owns and
operates under lease «n extended system of roads in Ni*w York, Penn¬

sylvania. and New Jersey, which requires

1

to show the strength of

its location clearly. Owns from Delaware River (N. J. line) to New
York State line. 115 miles; branches—Scranton to Northumberland,
80 miles; Greenville to Winton, Pa., 8 miles; to Storrs, 3 miles; Junction
to Keyaer Valley, Pa., 5 miles; leased lines in New York—N. Y. Lack. A
Western RR., 214 miles; Cayuga. A Susquehanna
RR., 34 miles;
Green RR. 8 miles; Oswego A Syracuse Railroad, 35 miles; Utica

2

i'

a map

Chenango A Susquehanna Valley RR., 97 miles; Valley RR., 12 miles;
controlled and operated—Syracuse Binghamton A New York, 81 miles;
lea; od lines in New Jersey—Chester RR., 10 miles; Morris A Essex, 118
miles; Newar’ & Bloomfield, 4 miles; Warren RR., 18 miles; Sussex,
30 miles; Passaic A Del., 14; total operated, 886 miles; tlie Rome A
Clinton, 13 miles, and the Utica Clinton A Binghampton, 31 miles, were
surrendered April, 1883.
Iu 1832 the important connection to Buffalo, the New York Lack¬
awanna A Western was} opened, and tho
road was leased by this

i.




Net receipts

3,810.-152

.

IN Co UK

5,903.170

7,763,861

6,813,189

AC< fOll-NT.
O

*P

Net receipts
Interest and rentals
Balance, surplus
Dividends-

.

.

3.810.152
3,624,131

5,903,470
3,627.381

7,763,86 1

6.813,189

3,558.191

3,620,708

186,02 L

2,276,089
786,000

4,205,370

3,222,181
2,096,000

1,769,500

Balance, after dividends.

186,021
1.190,08.) 2,136,870 1,126,431
cent; in 1881, f.3i per cent; in 1.832, 8.
637; V. 38, p. 29.)
Denver A New Orleans.—Projected from Denver, via Pueblo to
the Canadian River, 350 miles, and iu 1882, Denver to Pueblo. 120 miles,
and 13 mdes branches, had been .completed.
Built by'a Construction
Company. See circular in V. 35. p. 601. In 1883 the Construction Co.
became embarrased and $2,286,000 bonds and $2,540,000 stack pledged
were sold by tho Mercantile Trust Co. on Sept. 20.
Jno. Evans, Presi¬
dent, Denver. (V. 35, p. .131, 3 t7, 601, 677; V. 36, p. 536, 590, 623;
V. 37, p. 68, 99, 321.)
Denver A Rio Graiulc (3 feet.)— (Sec Map). — Owns from
Denver City, Col., to Alamosa, Col., 251
nilcs; branches—Puchlo,
Col., to Canon City and Coal Mines, 41 miles; Cuchara, Col., to
El Mon>, Col.. 45 miles; also line s to Leadville, Durango, Gunnison
City, Crested Butte, Redcliffo, Kokomo, Silver Cliff, arid others, the
total operated Jan. 1, 1883, aggregating 1,281 miles.
On March 30,
1883, connection to Salt Lake was finished by the Denver A R 6 Grande
Western, and that road leased, this company paying 40 per cent of gross
-

In 1880 3 per
—(V. 36, p. 2 1 8.

earnings

as rental.
The t rust deed of tho consolidated mortgage is to Louis II. Meyer and
John A. Stewart, of New York, as trustees. Of the $30,000,000 bonds
$7,422,200 were to be used in retiring-prior issues, and the bonds were
issued at $15,000 per mile.
Of tho consol, morf. $1,040,000 were

exchanged for Arkansas Division bonds held by trustees of the Colorado
Coal A Iron Co.
The general mortgage

of 1SS3 is issued for an authorized amount of
$50,000,000, and enough reserved to retire all prior bonds. The bonds
are convertible, on 60 days’ notice, into stock of the company. The mort¬
gage covers all road and equipment and the leasehold rights in the Denver
A Rio Grande Western.
The annual report for 1S82 in the Cintoxrcia;, V. 36, p.
ticulars of the financial condition, Ao. The report of Mr.
"

-477, gives par¬
Palmer, Presi¬

dent, had thi1. following remarks :
“Since the date of last report, your company has leased tlis road
the Denver A Rio Grande Western Railroad Company for a term

of
of
thirty years. The terms of tho lease are, that your company pay the
lessor company 40 per cent of the gross receipts of the leassd line, if
that sum is sufficient to pay tho interest on its bonds.
If not sufficient
to pay tho interest, then your company guarantees payment of a sum
equal to six per cent 011 $16,000 per mile of finished road which has been
transferred to and accepted by your company for operation. Tno maxi¬
mum amount of bonds guaranteed by tho lease is $7,509,000 at 6 per
cent.” * * *
“The* amount of interest for which your company will bo responsible
under tho lease when tho line reaches Ogden will be about $400,000
per annum, which would require
unreasonable to expect from tho

$1,000,000

gross earnings.
It is not
business done during the past five

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RAILROAD

36
Subscribers will confer

a

AND

BONDS.

[Vol. XXXVIII.

great favor by giving Immediate notice of any error discovered in ti&ese Tables.

DESCRIPTION.
For

STOCKS

explanation of column headings, Ac.,
on first page of tables.

see

Miles
Date
of
of
Road. Bonds

notes

Dtnv.d R.Gr. West.—1st, g. ($16,000p.m.),cp.or reg.
Denver South Park d Pacific—stock
1st mortgage, gold, sinking fund
Consol, rnort. gold ($17,000 per mile)
Denver West, d Pac. — 1st M., gold ($30,000 per
Des Moines d Ft. Dodge—1st rnort., coup....
1st mortgage, income
:
Mortgage on extension
i
Des Moines Osceola d Southern — 1st M.($6,000p.m.)
Detroit Grand. Haven d Milwaukee—Stock
1st mortgage, guar., (for $2,000,000)
Consolidated mortgage, guar
3d mortgage (Detroit A Pontiac RR.), Feb. 1854.
Detroit Hillsdale d S. If.—Stock
Detroit Lansing d North.—Stock, common
Preferred stock
1st mortgage
Ionia A Lansing, 1st rnort., coup., may be reg
Detroit Mackinac d Marquette—1st mortgage
Land grant bonds (income)
Income bonds

380
274
150

Saginaw A West, mortgage, guaranteed
Dubuque d Dal:.—1st M., gold. gu. (payable at 105)

36
63
143
43

m.).j
j

Size,

Par
Value.

1881

Duluth d Winnipeg — 1st mortgage, gold,land grant
2d mortgage, income
Dunkirk Alleyh. Valley d Pittsburg—1st mort., gold!
2d mortgage
3d mortgage
!

j

Bonds— Princi¬
pal,^When Due.
Rate per When iWhere Payable, and by! Stocks—Last
Outstanding
Cent.
Dividend.
PayableWhom.
INTEREST OR DIVIDENDS.

Amount

$1,000

1876

5,292,800
1,800,000
2,698,000

1,000
1,000
1,000

1880
1881
87
87
56
300
189
189
189

$6,157,000

100

1874
1874
1881
1880

1.000

1,200,000
1,200,000

1,000

672.000

•

•

•

670,009

•

100

1878
1878

1854

1,000

1,000

i

!

100
100
500 Ac.
1.000

1,000

1870
1870

.

1,000
1,000
1,000

3*2
•

2,280,009
1.500,000

432,009
630,000
5,000,000

100
500 Ac.

i
1870

4,560,000

770.000

1,000
1,000

1881
90
90 j
90 1

2,503,300
2,487,000

1,000
1,000
1,000

1864

G
8
2
3

1,350.000
1,825,600

....

i

4
6

1,500,000
1.750,000
3,200,000
250,000

200 Ac.

1877
1869
1882
1881
1881
1883
1879

6 ir.
7 g.
6
6
G
7

586.000

18,000 p.111.
7,000 p.111.
2,000.000
1,000,000

200,000

7
8
(5
7
7
6
6 g.
3
7.
6 g.

S.i

M. A

6 g.
4
7

1,000.000

1,000

'

Dubuque d Sioux City—Stock...
1st mortgage, 2d division

or

|

.

7
7

J.
J.
J.
J.
J.
J.
A.
A.
F.
J.
F.
F.
J.
J.
A.
A.

N.Y., London A Frankf’t
A J.
N. Y.. Co.’s Agency.
A J.!
New York.
A J. N. Y., Morton, B. ACo.
A J.j
do
do
A J. i
do
do
A J.j

I>

■

Jan. 1, 1921
Jan. 1, 1911
June 1, 1905
June 1, 1905
1905
1896

.

A
A
A
A
A
A
A
A
A
A

.

|
1881
O.' New York A London.
1918
O.;
do
do
1918
A.IN.Y.,Caiiad’n B. of Com. Feb. 15, 1888
J.;N. Y., Winslow, L. A Co. 1 Jan. 5, 1834
Feb. 15, 1881
A.j
Boston.
do
A.!
Fob. 15, 1884
J.i Boston, 2d Nat. Bank, j Jan
1, 1907
J.
do ■
do
July 1, 1889
O. N. Y\, Metrop. Nat, Bk. Oct. 1, 1921
do
O.
do
Oct. 1, 1911
i
Oct, 1, 1921
J.
July 1, 1913
J. N. Y.,M.K. Jesup.P.A Co.
July 1. 1919
O. iN. Y.,M.K.Jesup,P.A Co. Oct. 15, 1883
J.! N.Y., Jesup.Paton A Co.
1894
N.iN. Y., Central Trust Co. May 1, 1911
.

T

U.
J.

A
A

A. A
.T. A
M. A

j

J. A B.
A. A O.i
A. A O.i
1

..

N.Y., N.Y. Cent. A
do
do

i
months on 155 miles of detached line that the gross
whole line when put in operation will reach at least

Sept. 1, 191,1
Aug. 15,1880
May 1, 1905

Agency.

New York.

M. A N.

,...

7 g.

N. Y., Co.’s

do
do

Hud.j

|

June. 1390
Oct.
Oct,

1, 1890
1.

1890

!

-

earnings of the
$1,500,000 per

but this we have reason to expect will be bett t during the next year.
The increased rate of the operating exp *nses is due in a degree to the
annum.
1 work on the evtension and tho hauling of const uctinn materials, wliich
The following is a summary of the lloating liabilities and assets on will be omitted the coming year.” Gross
earnings in lssi, $101,532;
Dec. 31, 1882:
net, $172,543.
In 188 2 grass, $ M" 168 ; net, $120,286.
For ten
Liabilities of all descriptions (as per general account)
$3,007,931 months of 1883 gross earnings were $276,102, net, $75,89 4; against
Against which there are assets as follows :
$286,756 gross and $89,539 net in 1-88(V. 35, p. 313,574. 603; V.
Cash, bills and current accounts
$1,389,862
36, p. 622.)
Advanced on Utah lines.
135,095
Des Moines Osceola A Southern.— Projected from Des Moines,
Adv;*iccdto Rio Grande West. Const. Co. (almost
la to Kansas City, Mo., 300 miles, of wuieh a portion is built, and in

entirely repaid since Jan. 1, 1883)

,

1,143,000
384,750— 3,352,707

March, 1883, 100 miles opened. Stock issued, $>09,090, $7,000 per
Securities ou hand (market value)
mile; bonds, $6,000 per mile. B. L. Harding. President, Dos Moines.
Detroit Grand Haven A Milwaukee.-Owns from Detroit,
Surplus assets
$ '44,776
“The company has, therefore, no floating debt, and in addition to Mich., to Grand Haven, Mich., 189 mdes. This is a reorganization of
the Detroit A Milwaukee which was sold in foreclosure Sept., 1878.
above surplus assets has materials, fuel, Ac., on hand, amounting by
A
actual valuation to $1,024,251, making total available assets Dec, 31,, 'sufficient amount of first mortgage bonds is reserved to retire Detroit
Sc P. bonds on maturity.
The bonds are guaranteed by the Gt. Western
1882, $1,369,026.”
The gross earnings for 1883 were $7,361,545; net, $2,618,434; against of Canada. Gross •‘earnings in 1881, $1,20),928; net, $317,247; in
1882 gross, $1,348,505; net, $339,453.
$6,404,980 gross and $2,583,857 net for 1832.
Income account for throe years Is as follows:
Detroit Hillsdale A Southwestern.— Owns from Ypsilanti;
1880.
1881.
1882.
Mich., to Bankers, Mich., 65 miles. The Det. H. & Ind. road was sold
Tot. miles oper’d at close of yr.
686
1.067
1,282 in foreclosure Dee. 28, 1874. and this company organized by the bond¬
$
$
'Earning*—
holders. In Aug., 1881, leased in perpetuity to the Lake Shore & Mich.
$
945.030
1,563.662
Passenger
1,539,558 Southern Co. for $10,500 per year (3 per cent) on stock for two years,
2,411,457
Freight
4,332,150
4,412.185 and $54,000 per year ( 4 p. ct.) afterward.
Mail, express, Ac
121,579
348,998
403,237
Detroit Lansing A Northern.—Owns from
Grand Trunk
Junction, Midi., to Howard City, Midi., 157 miles; brandies—Stauton
Total gross earnings
3,478,066
0,244.780
6,404.980 Junction to
Big Rapids, Mich., 63 miles;
O pe rat i ng ex p en ses...
3,6-0,030
1,767,605
3,821,123 leased, Grand Trunk Junction „to Detroit,fielding Brandi, IL> miles;
3 miles; Lansing to No.
Lansing, 1 mile; total operated. 225 miles. A consolidation, April 11,
Net earnings
2,624,750
1,710,461
2,583,857 1871, of the Detroit Howell A Lansing, the Ionia Sc Lansing and tile
INCOME ACCOUNT
Tonla Stanton A Northern railroads, under the name of Detroit Lansing
$
A Lake Michigan RR,, which was sold in foreclosure December 1 1. 1876,
*
$
Receipts
1,730.763
Total net income
2,624,764
.2,620,628 and new stock issued as above. I11 July, 1883, leased the Saginaw &
Western and endorsed the bonds. (See V* 36, p. 674.)
Disbursements—
Interest on debt
1,150,453
1,199.541
1,602.443
The. annual report for 1882. in V. 36, p. 364, had the following:
Taxes
140,850
224,430 “The income account for 1882 shows the following; Balance of account
Dividends
Jan. 1, 1882, $51,512: net earnings of 18s2, $46!,0-2 : total income,
(6) 914,100
Miscellaneous...*
246,512
19,607
$512,591. Annual interest, $223, >49; 7 percent dividend on preferred
stock paid Aug 15, 18^2, and Feb. 15, 18'3. $175,231 ; 3 per cent
Total disbursements
1,396,965
2,283,078
1,900,749 dividend on comm n stock paid Feb. 15.18*3, $5 4,765; balance to
333,803
Balance, surplus
719.879 credit of in oine account, after paying dividends of Feb. 15, 1883,
341,686
$59,0 48. During the your the bonded debt was increased by the sale
—(V. 35, p. 78, 103. 182. 211, 213,313, 339, 347, 430, 431, 456, 47^, of
$44,000 Detroit Landing A Northern RR Co. 7 percent bonds, due
515, 545, 602, 625, 705, 737 ; V. 36, p. 110, 139, 169, 399, 477 ; V. 37, Jan. 1,1907, to
provide for the $50,000 dep >t ground bonds paid in
p. 151. 188, 234, 266, 342, 375, 399, 424, 610; V. 38, p. 29.)
1881.”
'

,

Denver &. Rio Gra;idc Western (narrow "ainjcJ.-Tho mort¬
gage covers lines in Utah Territory of about 469 miles in all. Com
pleted 366 miles, as follows: From Salt Lake City to the border of

Total gross

Colorado, 274 miles; fr,»m Suit Lake City to Ogden, 36 miles; branch
Bingham Canyon, 16 miles; branch up Little Cottonwood, 18 miles;

l;

Disbursements, including 7 per cent div.

to

branch to Pleasant Valley Coal Mines, 21 miles; total com pie ed, 366
miles.
The stock by charter is $48,000,000; issued on 409 miles.
$7,500,000.
The road is leased for' 30 years to the Denver Sc Rio
Grande, at 40 per cent of gross earnings, with a guaranty of interest

i,

1881.

earnings

Total net income

1882

$1,377,693
$446,912
410,757

$1,597,142
$171,507
4 )9,205

Balance, surplus
$36,155
$32,302
—(V'. 36, p. 364, 674.)
Detroit Mackinac A Marquette.—Owns from Straits of Mack¬
inac to Marquette, 152 miles; oraneli projected to Sault St. Marie,

by. the lessee on $7,500,000 1st mortgage bonds so far as issued. (V.
48 miles, and extension west t> Ishpeiiing. 17 miles. Tais rovi is in¬
35, p. 431; V. 36, p. 169, 560, 674. 675.)
tended to to 111, in connection with ot n*rs already built, a line along tho
Denver South Park A: Pacific (3 ft.)—Owns from Denver, Col.,
south shore of Lake Superior.
Tue stock was increased in 1383 1#
to Buena Visra, Col.. 135 miles; Nathrap to Gunnison, 65 miles; Gunnisonto Mount Carbon, 17 miles; Caros to London Junction, 15 miles; Como $10,009,000, in $100 shares. The land bonds receive 25 per cent of
net proceeds of land sales as their yearly income.
Gross earnings in
to Keystone, 32 miles; Bear Creek Junction to Morrison, 10 miles; total,
1832, $243,514; net. $42,715.
Jus. McMillan, President; George* I.
274 miles. First mortgage bonds issued at the rate of. $12,000 per mile
(V. 37, p. 63.)
of finished road. In October, 1880, the consol, mortgage was made for Scuey, director in New York.
Dubuque A Dakota.—Owns from Waverly to Hampton, 41 miles,
$15,000,000, to be at $17,000 per mile on whole road, old and now, less
the amount of first mortgage on the old. Stock controlled by Union and from Sumner, fa., to Waverly, la, 23 miles.
Built, on the old grading
Paeitie.
In 1881 gross earnings were $1,464,228; net. $309,75 '; in of the Iowa Pacific. The Dubuque A Sioux City Co. guarantees the bonds
issued for construction to the extent of $10,0 jo per mile.
1882 gross, $1,558,723 ; net, $377,449. Sidney Dillon, President, N. Y.
Bonds may be
Pref. stock $110,000 and ordinary stock
paid otf at any time at 105.
City. (V. 35, p. 102, 103.)
$156,600. Gross earnings in 1382. $31,958 ; net, $34,174.
Denver "Western A Pacific.—Denver to Longmont, Col.
For
Dubuque A Sioux City,—Owns from Dubuque, Iowa, to Iowa
$3,060 in easii the company gave $3,000 in 1st mortgage bonds and
$1,500 in stock. Stock is $1,000,000, of which Union Pacific owns Falls, 143 miles. Chartered as Dubuque A Pacific in 1856, foreclosed in
1860, and present comp my org mized. Leased to Illinois Central from
$762,500.
Oct. 1. 18(57. for 20 years, the Lessees agreeing to pay 35 per cent of
Des Moines A Fort Dodge.—Owns from Des Moines to Fort
Dodge. Iowa, 87 miles, with an extension 56 miles to Ruthveu, con¬ gross earnings for ten years and 36 per cent .for next ten years, with
privilege to make the lease perpetual at the latter rate. Gross earnings
necting with Chicago Mil. A St. Paul. First 87 miles originally a div¬ in !8s l,
$L,110.041; rental. $ <99,61 4: gross in 18SJ, $1,093.866; net,
ision of the Des Moines Valley RR., built in 1870 and sold out in
$393,791. M. K. Josup. President, N. Y. City. (V. 35, p. 737.)
1873.
Common stock, $4,283,090;
Annual
preferred, $758,280.
Duluth A Winnipeg.—Pojeeted from
Duluth to Manitob
report in V. 36, p. 62 2, ha l the following remarks: “During tao
year the road lias received e.tensive improvements, greatly increas¬ boundary line. 280 mies. t’ne lan t grant amounts to 1.300.000 acres,
which is subject to the first- mortgage. The stock is $5,000,000.
Win
ing its value. Tue extension has been completed from Tara, near
Fort Dodge, rmini ig in a northwesterly direction across the Chicago V. W. Spalding, President, Duluth.
Norfc iwestern Railroad at Rolf, and i >t ‘rsoeting the C deago Milwau ee
Dunkirk Allegheny Valley A Pittsburg.—Owns from Dun¬
A St. Paul It dlro id at Ruthveu, a dist me© of 56*3 miles, together with
kirk, N. Y., to Titusville. Pa., 91 miles. A consolidation of the Dunkirk
tho access iry bridges, depots, grain houses and catt’e yards. This wo k
Warren A Pittsbu'g and Warren A Venango in 1872.
Is leased to N. Y.
has b -en doite slowly during tue list two years, but it has bee i done Central A Hudson River Co., but accounts are kept separate. Tlio»*o is
well and economically.” * * * “Tnegro-s earnings of t.ie road fad sin an 111 il deficit in 11 “t earnings below the interest elm go. but the N Y
short by $5-1.000 what they were during tho previous year, caused by Central A H idson River Co. bold $2,92 >,000 of the securities. Gross
the competition of two new roads crossing the line and the general re¬ earnings. 1830 8 l. $29 1,208 ; net, $5,302. Ill 1331-32 gross earnings,
duction of rates. The corn crop is of greatly diminished amount also, $335,237rnet, $41,009. Capital stock, $1,300,000.




February,

RAILROAD

1884. j

AND

STOCKS

BONDS

37

Subscribers will confer a great favor by giving immediate notice of any error discovered In these
DESCRIPTION.
For

explanation of column headings, Ac., see
on first page of tables.

Miles
of
Road.

note8

Tables.

INTEREST OR DIVIDENDS.

Date
Size, or
of
Par
Bonds Value.

Amount

Outstanding

Rate pot

Cent.

j When

| Payable

Where Payable, and by
Whom.

Bonds—Princi¬

pal,'When Duo,
Stocks—Last
Dividend.

.

j
East Broad Top— 1st

East

30
36

let mortgage
East Tennessee Virginia

1873

36

mortgage, registered

’Pennsylmnia—Stock

1858

d Georgia —Common stock. 1,123
1,123
Preferred stock (6 per cent)
1,123
Consol, mart., gold (for $22,000,000)-.
Consol, mart, “Divisional” bonds
Income bonds, gold
242
Old 1st mortgage sinking fund bonds
112
East Tenn. A Georgia ($02,000 are endorsed)1 —
130
East Tennessee and Virginia (endorsed)
2d mortgage to U. S. Government
95
Alabama Central. 1st mortgage, gold, coupon
Cinn. A Georgia HI!., 1st mortgage
Car trust bonds
283
Eastern (Maw.)— Stock
Essex Kit. 1st inert, (extended for 10 years)
Mortgage funding certificates
16
Eastern (X. II.)—Stock
38
Eastern Shore (Md.)—1st mortgage

....

1880

....

....

....

....

1881
1870
’50-’5 6
1856
1872
1879
1883

:■

Elizabeth. Ler.dBig S<tndg—1st mortg., ep, or reg..

'

Elmira Jett', d CUtnandttigua.—Stock
Elmira d 'Ini/iamsporl—Stock, common

1876

18*? 2

1872

1,000
1.000

1,000
100
50
50

.

1860
1863

1.000

1865

I-

100 Ac

■

100

Erie d Pittsburg—Stock
2d mortgage, convertible

1,000
1,000
1,000

81^

500
50
■

East Broad Top (Pa.)—Owns from Mount Union, Pa., to Roberts
dale. Pa., 00 miles. A coal road, opened in 1871. The stock is $540,218
fn 1880-81 gross earnings were $127,940; net, $42,350;
1881-82*

$130,200; net, $30,185.

gross,

East Pennsylvania.—Owns from Reading,
30 miles.
It is leased for 000 years from May 10,

phia A Reading RR., at a
and interest on the bonds.

Pa., to Allentown. Pa.,
1800, to the Philadel¬

rental of 0 per cent per annum on the stock
G. A. Nicolls, President, Reading.

East Tennessee Virginia & Georgia.—(See ' Map.)—'The East
Tennessee Virginia A Georgia Railroad is composed of the following
lines, which were consolidated July 20, 1881, under the above title:
The East Tennessee Virginia A Georgia Railroad, the Macon & Bruns¬
wick RR., the Gin. A Ga. RR., t>;c Knox. & Ohio RR., and the Alabama
Cent. RR., making a total of 1,123 miles, made upas follows: Bristol to

Chattanooga, Tenn., 242 miles; Morristown to Paint Rock, Tenn., 45

miles; Knoxville, Tenn., to Kentucky State line;
Tenn,, via Dalton Rome A Selma, to Meridian, Miss.,
to Red

th> miles; Cleveland,
380 miles; Ooltewah

Clay, Tenn., 12 miles; Rome, Ga., via Atlanta and Macon, to

Brunswick, Ga. 378 miles.
The company ow ns 1,123 miles of railroad. It also operates under a
lease for twenty years from July 1, 1879, the lines of the Memphis A
Charleston Railroad Company, from Chattanooga to Memphis. Tenn.,
310 miles, and the Florence and Somerville branches, 20 miles, in all
330 milt's, making a total of 1,453 miles of ownc l and leased lines now
it!

operation. On June 4, 1883. the through line between Knoxville, Ky.,

find Louisville, Ky.. was opened, and since that time daily through trains
kave. been running, thus making much the shortest route to all points
south and southeast of Knoxville. The new branches ;*i l extensions
having been opened so recently, it is difficult to say exactly on what mile¬
age the earnings of 1882 were made; lmt most of the time it was on
900 miles of road and now, as they are all completed and the line capa¬
ble of

being operated as a whole, instead of as livr-toforc in disjointed

divisions, it is predicted by the managers that in the corningyear a much
better showing will be made.

The lease of the Memphis A Charleston Ill!, is an operating lease
simpljr, and creates no moneyed obligation against the East Tenn.
Va. A <#a. RR., all net earnings bei ig paid over to the lessor com
pauy. There were various negotiations in progress about this lease,
but all complications have bea n settled by the acquisition of a majority
interest in the'Capital stock of the Memphis A Charleston Co. by parties
controlling the E T. Va. A Ga.
Of the first mortg. consol, bonds, there arc held in tiuist by the Cent.’
Trust Co. $7,403,000, to retire the same amount of the oRLst.iidingdi vis¬
.

ional and sectional bonds.
The fiscal year ends June 30.
g oss earnings were $2,303,985,
'

180-2.3

For six input hs from Juno 30, 1883,
against £1,941,401 in 188:; net,

J. A
J. A
M. A

J.
J.
S.

Philadelp’a, Co.’s Office.
Phila., by P. A R. RR.
Phila., P. A R. office.

July 1. 1903
Jan 15,1884
Mar. 1, 1S88

Y.,Metropolitan N.IJk.

July 1, 1930
July 1, 1930
Aug. 1, 1931

....

i
5

A J. N.
A J.
Get.
J. A J.
J. A J.
;m. a n.
J. A J.
iJ. A J.
J. A J.

6

7
6
6
4

6
6

1,000.000

2,000.005
1,000.600
4,997,600
194,400
13,425.274

3
6
6

J.
!.M.
•M.
,1.

g.

1>4

492,500
450,000

1

7
6
5

A ,J.
A s.
A S.
A I).

3,500,000
500,000

’

•

j!F. A
Q—M.

M.
M. A. S.

I

500.000

2g>

AT. A N.

500,000

3^
6
5

jJ. A J.

1,000,000

570,000
1,998,400
91,800
,

Supply

Cent. Trust

IT. A
I

134
,7

J.
A. A 0.

Q.-M.
A. A 0.

Philadelphia.
by Treasurer.

Boston,

N. Y„ Fisk A Hatch.
|Baltimore,N. Cent. RR,
Phila.. Penn. R. R. Co.
do
do
do
do
do
do
N. Y., Union Trust Co.
do
do
3

July 1,

1900

1882 to 1886

May 1, 1886
Jan.

1, 1S87

July 1, 1913
July, 1923
July 15. 1873

Sept. 15,1886
Sept,. 1906
Dee, 15, 1883
Dee,

5, 1883

Mar. 1,

1902

Sept., 1886
Nov.
Jan.
Jan.

1, 1883
1, 1881
1, 1910
Oct, 1. 2862
Dee, 10, 1883
Anri I 1. 1890

j

Selma,

store,

Ala.,stork

do
do
do
do
do
do
do
do

do
do
do
do
do
do
do
do

Boston.
do
Boston and London.
Boston, bv Treasurer.

5

2,792.800

....

J.
J.

g.

5

140.000

.

91
ft
110
47
77
77
77

Preferred stock
1st mortgage bonds
Income bonds, 000 years to run

1,000
1,000

495,900
27,500,000
16,500,000
14,592.000
2,650,« 00
1G,500,000
3,123,000
388,000
147,000
95,000

100
100 Ac.
500 Ac.
100
100 Ac.
100

1851

....

Eel Nicer-Stock
1st mortgage

50
100 Ac.
100
100
1.000

7
3
7

$500,000
1,709,550

$1,000

.

hand..
Co
N. Y„
on

$1,092

,

5 p *r cent bds.
to t ike up prior

held
liens

7,408,000
$95,391,289 i

Pay-roll balances
Pay-rolls for June and
unpaid voucher.%
Samuel Thomas, Fresh
Due indi vs,ag’ntsAc(>s.

$23,231
174.220
250.507

78,075

$95,391,289

-(V. 30, p. 427, 510. 500, 731; V. 37, p. 234, 321, 397, 424, 534, 503,
719; V. 38, p. 147.)
Eastern (Mass.) -Owns from Boston, Mass., to New Hampshire
State Line, 41 miles; branches—Salem to Marblehead, 4miles; Bever
ley to Gloucester, 17 miles; Salisbury to Amesbury, 4 miles ; Revere
to East Boston, 3Lj miles; Peabody to Wakefield* 8
miles; Salem
to Lawrence, 20miles; others. 22 miles; leased—Eastern RR. of N. II., 16
miles; Newburyport City RR., 3 miles; Portland Saco A Portsmouth, 51
miles; Portsmouth A Dover, II miles; Portsm. Gt. Falls A Conway, 73
miles; Wolfeboro Railroad, 12 miles; total operated, 285 miles.
In March, 1883, a lease of this road to the Boston A Maine was voted
for ttfty-live years (subject to legislation in Newr Hampshire), under which
the B. A M., after paying all yearly Obligations of both companies out of
the joint earnings, w ill take $630,OOJ per year, and the next $140,000
is divided equally between the two companies, after which $366,000, if
earned, goes to the Eastern. The B. A M. were also to nay 6 per cent on

$5,000,000 new prof, stock1 if issued by the Eastern tot* retirement of
debt, hut a trustee of the mortgage brought suit to prevent the lease
going into effect. Mortgage notes are $68 L300, secured by real estate.
The last annual report for tin* year ending Se|>t. 30, 1883, was pub¬
lished in V. 37. p. 638.
Operations and earnings for throe years past
((aiding Sept. 30) were as follows:
Gross
Net
Passenger
Freight (ton)
Miles.
Years.
Mileage.
Mileage.
Receipts.
Receipts.
$4,09 1,273 $1,124,000
282
83,411,100
-63,099,873
3,403,077 1.110,109
282
93,871,712
68,479,129
3,584,500 1.273,076
285
100,003,605
75,611.226
-(V. 36, p. 311, 365, 510, 536, 675 ; V. 37, p. 234 , 509, 63 8.)
Eastern (\. If.)—Owns from Portsmouth, N. IT., to Seabrook
(Massachusetts State Line), 16 miles. It was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made from
Get. 1, 1.878, for 60 years and two-months at $22,500 per year, equal to
4'e per cent per annum. Moody Currier, President, Manchester, N. II.
Eastern Shore (Uld.)— Owned from Delimit* to Crisfield, Mil., 38
miles. The road was sold in foreclosure Fob. 19*1879, and In 1882 a
new mortgage was issu aU at 5 p u* cent, and prior mortgage bonds ex¬
changed. Stock, $130,0 0 common, an l $330,000 preferred. In Jan.,
1884. control of the road was purchased by Potm. RR. for $150,000.
In
....

earnings $SL,0i0; net. $24,229. 8. M. Felton, President,
(V. 35, p. 160, 404; V. 33, p. 60.)
Eel River.—Owns from Logansport., ItuL, to Butler, lud., 94
The annual report for 1882-S3 was published in tin* Chronicle, V.
miles.
This was formerly the Detroit Eel River A Illinois Railroad,
37, p. ;*97, and had the. following:
sold under foreclosure July 6, 1877, and reorganized under present
KAKMNOS ANI) HXlMiSSKS.
name Dee. 10, 1877.
In August, 1879, it: was leased to the Wabash St.
Total.
Passenger.
Freight.
Louis A Pacific. Railroad for 99 years, at a rental of 3 per cent per
receipts from $905,478 annum on the stock for two years, 4 per cent for three years, and Ha
$•
Passage.
$905,478
2,003,225
2,003,225 per cent thereafter.
Freight
57.877
Ev press
57,877
•.
Elizabethtown Lexington A Big Sandy.—Road owned, 1833.
95.452
Mails
95,452
54,719 Big Sandy River (C. A O. Junction) to Ashland, 8 miles; Straits Creek
Miscellaneous...
20,089
28,030
Junction to Lexington, 102 miles; leased—Ashland to Straits Creek
Junction. 22 miles; total
permits exten¬
Total receipts
$2,031.255
$3,770,754 sion to Elizabethtown. Itoperated, 132 miles. Charter Chesapeake A
$1,145,498
is the connecting line of tlm
2,383,701
1,581,207
Total expenses
802,434
Ohio ami controlled by the same parties. Authorized capital of the
com pan v is $5,000,009," with a provision in the charter to increase it to
Net earnings..
$1,393,052
$343,001
$1,049,987
$10,000,000.
Amount issued. $3,508,776.
The sinking fund holds
The income account gave net earnings $1,393,052 ; interest and taxes,
$210,000, and each year
net earnings must, be invested for
Construction expenses were $1,188,8 it; that fund ; but bonds can $25,000 from
$1,383,307; balance $9,745.
not be drawn for payment.
In 1882, gross
and receipts from sale of $2,000,00 j Cin. A Ga. RR. bonds $1,200,000.
earnings, $529,318; net. $151,470.
For 1883 gross earnings were
CONDKNSIU) r.KDUER BALANOK ON JUNK 30, 1883.
$713,102 ; net. $216,503. (V. 37, p. 265, 610 ; V. 33, p. 202.)
$27,500,000
12,500,000 Capital stock (com.)
Elmira Jcfl'crMon A; Canandaigua.—Owns from Canandaigua
Do
Condructii an l equip
(pi at.)... 16,500,000 X. V., to Watkins, N. Y., 47 miles.
The road was forceh sod and
16.500,000 reorganized under present name Feb. 18. 1859. ft was leased to New
1,199,917 Income bonds...
147,000
183.517 147 tis, dm* Mav 1. ’86.
Profit and loss
York A Erie for 20 years from Jan. 1, 1859, and The lease transferred
92,( '00 to N. Ceil. RR. in 1866 at a rental of $25,000 per year. Lease termi¬
89.967 it2 6s due .Tidy 1 '86
Cash on hand A in bks.
217.000
2.6.»0 21 7 6s, due Jan. 1 *8L
Bills receivable
nated Jan.,1379, and road now operated at cost by Northern Central,
79,000 which
24,313 79 6s, dm* July 1 '86
U. S. P. O Department
company owns the whole stock. Gross earnings in 1881, $354,1,000
23,989 1 6s, due May 1, 1882.
Suspended accounts...
186; net, $90,157 ; gross in 1832, $368,103; net, $25,000.
1.000
11,442 1 6s, due .1 illy 1, 1880
Two sleeping ears
Elmira <Jt
Williamsport.—Owns from Williamsport, Pa., to
95.000
2,597 1 4s, due Jan. 1, 1887.
Car-lifter, Lynchburg
Elmira, N. Y., 77'miles.
Tnis company was reorganized under the
1.750 3,123 7s. July 1, 1900.
3,123.000
Telegraph Co. stoe/c
2,650,000 present name Fell. 29, 1860, and leased to the Northern Central Rail¬
2,650 5s, July 1, 1930.
5,000
Express Co, stock
way
Soutlfn Car WksstYk.
10,000 1.000 6s July 1, 1918.
1,000,000 sincefor 999 years from May l, 1863, at a rental of $151,500 per annum
Jan. 1,1330. The dividends on the common stock are 5 percent
2.Q00 1st mortgage 5s, (only
Bonds,'State of Tenn
and on the preferred 7 per cent.
Operations are included in the North¬
1.000
$1 1.592.000 is sued). 22.000 000
$1 ,072,003, against $755,515

1882

gross

Philadelphia.

..

..

.

,

,

.

.

...

.

Bonds, Memphis City..

Coal Cr’k A N. Riv.RR
Coal lands ...:
Mem. A Chari. RR. st’k.
Do
coup, aec’t
Car Trust, series “A”..

Rogers’ Loco. Trust

6.01 1
32.549

195.375

1,116,455
1,475,215
115.000

Bonds & st’k.s unissued

767,431

tmliv’ls, agents A Cos

214,502

Jitylots




370

Car trust bonds
Rogers Loro. Tr. bond.
Cin. A Georgia bonds
Bills payable
Dividends unpan 1
Alempli. A Char cash
account
Int’st due July 1 1S83
State of Georgia
.

1,000,000
115.000

2,000.000
28 500

11,845

.

491.126

582,3 5
731,380

ern

Central returns.

Erie A: Pittsburg.—Owns from New Castle, Pa., to Girard, Pa.,
82 miles; branch, Dock Junction to Erie Docks, 3 miles; leased—
Girard to Erie.-15 miles; tot al operated, 100 miles. Road opened in 1865It was leased to the Pennsylvania 1!R. for 990 years from March 1,
1870, at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease hje
been quite unprofitable to the. lessees; the deficiency paid by them in
1880 was $242,819, iti 1831, $23.3,522, and in 1832, $207,651. NIKE
—.


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••*

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r«

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,

.

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>

^

*y^ |.

t

•

».

-

-

-

•

.

{

.

,.

.,

,

-

RAILOD
//

STOCKS
AND
^
/

i'(l*al«?stlnc

(4
I

RONDS.

*7'

MAP OF TIIE

A'/'?

EAST

‘"'a

PENSACOLA

*^i

Alexandria
.1

*>(

✓\s

Holmesville

:.Fr»m-U v .
^

*
«

H7Vv'
T„[!
me

TENNESSEE,

VIRGINIA & GEORGIA
RAILROAD & CONNECTIONS.

[Vol.

Ganeev

£aflroads projected, or In progress l*

xyi.

^

February,

RAILROAD

i894.

STOCKS, AND

39

BONDS.

Subscribers will confer a great favor by giving immediate notice of any error discovered in these
DESCRIPTION.
For

Date

Miles

of
explanation of column headings, Ac., spe notes
Road.
on first page of tables.

of

Bonds

Size,

Tables.
Bonds—Princi¬

INTEREST OR DIVIDENDS.
or

Amount

Par
Value.

Outstanding

Where

pal,When Due.
Stocks—Last
Dividend.

Payable, and by

Rate per

When

Cent.

Payable

Whom.

J. A J.
A. A O.

N. Ya Union Trust Co.
do
do

-

Erie 4-

Pittsburg—(Continued)—

-

81 Ej

Consolidated mortgage free of State tax

1363
1870-

81*s

Equipment bonds

114
56

European<£ Xo.American—Stock, guar. 5 per ct
1st mort., Bangor to Winn., Bangor loan
Evansville & T. Haute—Stock
1st mortgage, Evansv. A 111., sink, fund
1st mort.Evans.A Cr.,sink.fund,(Evansv. toT.II.)
1st consol, mort., gold (for $3,040,000)
1st mort., Mt Vernon Branch, gold (for $ 175,000)
Evansville Terre Ilautc ct Chic.—1st mort., gold
2d mortgage, gold
Fitchburg—Stock
Bonds, coupons, ($1,950,000 authorized)
Flint A Holly RR. (sink’g fund $25,000 per
Bay County. Issued in aid, guar, by lessees

....

51

1852
1854
1881
1SS3
1S69
1872

*25

i>5
55

190

1S80
1868
....

65
234

1871
1882
1870
1880
1880

10
26
100
97

Consol, mortgage
Fort Madison if- Xort/nrestcrn—lsl mort., gold
Fort Wayne ct Jackson—Pref. stock, (8 percent) —
Common stock
Fort Waipie Cincinnati Ct Louisville—Stock
Fort Worth it Dcnv. City—1st M.,gold ($25,600 p.m.)
Frederick ct Pennsylvania Line— 1st mortgage

6

3,000,000 •20 stuck.
7
J.
23(5,000
.

2.108,000
200,()(M)
775,004
325,000
4,950,000

6
6 g.
0 g*
6 g.

1,000

3,500,000

5, 6 A 7

1,000

6,500,000
3,650,000

3
6 g.
10
10

500 Ac.
500

1,000

3

300,000

75,000

....

1.000,000
2,803,000
300,000
200,000
150,000

8

2,287,832

1,000
100 Ac.
100 Ac.
500 Ac.

....

97.
128'

7

606.000

....

....

Holly Wayne A Monroe, 1st mort., sinking fund.
Florida Central ct Western—1st. mort.. gold
Fonda Johnsloum ct Gloversville—1st mortgage

1.000,000

1,000
50
1,0.00
1,000
1.000
1,000
1,000
1,000

.

A. A O.
Bangor.
J. A J. Host., Mcrch. Nat.

100

290
17

year).

685,000
2,500,000

....

’71-’S!

3 17

Marquette—Preferred stock
Reorganization mortgage bonds, gold

1.000

7
7
2bj

100

1869

109
1 1 1

Flint ct Pcre

$2,485,000

....

1 16

....

$1,000

A

M.
J.
A.
M.
J.
J.

A
A
A
A
A
A
A. A
J. A
A. A
M.
M.
.1.
J.
J.
A.
A.

A
A

1, 1900
2, 1883
1. 1894
1, 1884
Jan. 1, 1887
Nov. 1, 1887
July 1, 1921

>.

do
do
do

do
do
do

().

Oct,
Oct,
Jan.
Jan.

Bk.

Company’s Ollice.
N.Y.jFariu. L'anA T.C

J.
N.
J.

July 1, 1893

April 1, 1923

t

1903

1884
1920
1888

Sept. 1, 1887
1901
1, 1922

Jan.

1,

April
July
May
April

1, 1900
1, 1920
1, 1905

2*4

5 g7
6
7 g.

A
A
A
A
A

1899
1902
1884

Nov. 1,
Jan. 1,
Jnh. 1,
1894 to
Jan. 15,
Oct, 1,
Mav 1,

N. N.Y.,Farm.L’an A T.Co.
do
do
J.
D.
Boston, Ollice.
do
O.
J. N. Y., Mer. Ex. Nat. Bk.
do
do
O.
N. N. Y., Meehan. Nat. B’k.
S.
New York.
J. N.Y., Mcrch. Nat. Bank.
J. N. York or Amsterdam.
J. N. Y., St. Nieli. Nat. B’k.
do
do
O.
O. New York or London.

Sept., 1883

43 1,747
...

110
23

1881
1870

1.000
500 Ac.

4,000,000
2,390,000
250,000

6 &•
6

Dee. 1,
Oct. 1,

J. A D. N. Y., Mercantile Tr. Co.
A. A O. Pennsylvania RR. Co.

*1921
1900

1
-

<

European

A;

American.

North

—

Owns

from

Bangor, Me.,

Road was worked in
tp Vauceboro. (State Line), Me... 114 miles.
connection with the St. John A Maine, making an unbroken line from
Bangor, Me., to St. John, N. B., 205 miles. In 1875 default was made,

and a new company was organized October, 1S30, which issued new
stock ($2,500,000) for the land grant mortgage.
The company had
a hind grant of 750,000 acres in the State of Maine.
On Aug. 31. 1882,
a lease was made to the Maine Central for 99 years to date from April 1,
1882, for $125;000 per annum, equal to 5 per cent per annum outlie

stock, and assuming the bonded debt. Earnings in 1881-82, $510,022;
net, 221,091. (V. 35. p. 100, 211.)
Evansville A: Terre Haute.—Owns from Evansville, Tnd., to
Terre Haute, Ind., 109 miles; Owensville branch and extension, 37
tniles; total operated, 140 miles. The Rockville Extension, 23 miles
additional, is leased to the Terre Haute A Logansport for 99 years from
Nov. 1, 1879.
Formerly the Evansville
Crawfordsville RR. Co.
The 20 per cent stock dividend of 1884 was the distribution of $500,0( 0
which had been held for some time in the treasury. Gross earnings year

ending Aug. 31. 1833, were $751,090; net, $301,402; in 1881-82,
$820,427 ; net, $371,781. (W 35, p. 48-1; V. 30, p. 731; V. 37, p. 1*75,
478, 719.)
Evansville Terre Ilautc A: Chicago.—Owns from Terre Haute
1ml., to Danville, 111., 49 miles; leased, 0 miles: total
operated, 55 miles. It uses 0 miles of the track of the Rockville Exten¬
sion into Terre Haute; also leases tin1, Indiana Block Coal road, 15
miles. On April, 30, 1880, a lease to the Chicago A Eastern Illinois
was made for 999 years; terms, $75,000 per annum and the assumption

Junction,

by the C. A E. I. of all rentals and taxes paid by E. T. II. A C. The
bonded interest was reduced to 6 per cent an l preferred stock for $100,000 issued for overdue coupons; common stock, $000,000.
Josephus
Collett, President, Terre Haute, Ind.
Fitchburg.—Owns from Boston, Mass., to Fitchburg, Mass, (double
track), 50 miles; branches—Charlestown, l mile; North Cambridge
to
Waltham, 7
miles;
South Acton -to Marlborough, 12 miles;
Peterborough A Shirley', Ayer, Mass., to Greenville, 24 miles; leased
and operated—Vermont A Mass.
UR., Fitchburg to Greculield, 5(5
miles; Turners Falls Branch, 3 miles; Troy A Greculield RR., Green11 id d to North Adams, 37 miles; total, 190 miles. The Troy A Greenfield
RR. and the Hoosac Tunnel, owned by the State of Massachusetts, have
been operated by this company, and are now contracted to ir tor seven
years irom Sept. 30, 1880.
In January. 1881, the issue, of $500,00b
bonds or note,s was authorized, bearing 40> per cent interest, to fund
floating debt, Ac. The annual report for 1682-33 in Chkonkle of
December 29, 1 "S3, said: “ There has been an increase in gross trallie
■earnings of $10(5,592, or 10:bo P‘*r cent, on passenger, and 2p*q0 per
cent on ft eight business, as compared with previous year. Tin? operat¬
ing expenses have been 721 <> per cent of gross transportation earnings,
against 708.0 last year.”
Operations and earnings for live years pa.-t (ending Sept. 30) were:
Net
Div.
Gross
Passenger 1 reight (ton)
Revenue. p.et.
Miles.
Earnings.
Years.
Mileage.
Mucage.
152 35,094,145 92,832.040 $2,079,973 *$379,202
6
1878-79
1879-80
190 39,752,302 109,323,290
2,375,098
498,849
190 42.834,017 i 14,507,910
1880-81
2,5(51,595
289,581
..

..

3(5(5.27 L
2,452,729
47,028.311 112,948,822
5u, (507,019 153,805,420
2,858,<57G
547,572
-(V. 3(5, P* 55, 139 ; V. 37, p. 7 18 ; V. 38, p. 147.)
Flint A: Pore Uliirquette.—Owns from Monroe, Mich., to Luding-

1881-82
1882-83

..

..

190
190

ton, Mich., 253 miles; branches—Bay City to East Saginaw, 3 2
miles; Flint Junction to Otter Lake, 20 miles ; South Saginaw bratich,
5 miles; Harrison branch,
15 miles; Manistee branch, 27 miles;
Saginaw A Mount Pleasant Railroad, 15 miles; total operated,
347 miles.
A Receiver took the old company in June, 1879;
the
road was sold August 18, 1830, under the consolidated mortgage, and
t

was made andpreferred stock ($(5,500,000) issued for tne
consolidated mortgage bonds, and common stock ($3,500,000) is to be
issued for the old stock. The common stock has no present right to vote
or to receive dividends, and will
lie issued only after the preferred
stockholders have received 7 per cent yearly dividends for live con¬
secutive years. The preferred stock is not cumulative, and after 7 per
cent per annum is paid on both classes of stock, the balance of income,
if any, is to bo divided ratably.
On Jan. 1, 1883, the land notes on hand for lands sold were $747,532,
and lands yet unsold 109,815 acres. Annual report for 1882, in V. 36,
p. 478, said: “The prospects
for the current year are very en¬

reorganization

couraging for trallie.

The gross earnings of the first three months of

$586,736, against $525,146 tor the same period of 1882—a
gain of $61,590. From the severity .of the winter the expenses were
1883

were

largely in

excess of
years past were as

those of the same period of 1882.

follows:

Earnings—
Passenger
Freight

Mail, express, Ac....
Total gross

earnings
Op’g expen’s A taxes

Net earnings




1879.

1880.

$
452,007
653,636

$

$570,091
$322,118

309,024
422,500

357,500

3,935

Total disbursements

Balance, deficit

$763,852

$731,524
$16,490

$683,553

dcf.$l 13,462

"

OEN15RA.L BALANCE AT CLOSE OF

sur.

EACH FISCAL YE Alt.

1880.
$

Assets—

Railroad, buildings, equipment, Ac.

Steamers owned"
Stocks and bonds owned, cost
Accounts receivable

1881.
$

1832.

9,671,959

11,361,815

11,754,789

$

47,204
21,291

130,300
558,000
131,603
229,382
115,027
19,291

14,711

28,2*09

12.281,353

12,966,601
$
6,500,000

"

2,000

52*0,0 ii

Materials, fuel, Ac

70,418
179,410

217,777

Cash on hand
In trustee’s hands
Assistant Treasurer's account

22,791
131,147

Income account

233,438

Miscellaneous items.
Tot il.
10,311,193
Li tbilihes—
$
Stock
6,301,800
Funded debt
I'
All other dues and accounts
117,120
Premium on bonds
Land receipts applied to reduction
of bon Is

Unpaid div’ds, voueli’rs A pay-rolls

162,315

Income account

Total liabilities
10,311,193
—(V. 35, p. 2ll; V. 36, p. 55, 103, 473.)

92,354

•$

6,509,000
4,821,560

5,028,000

I Oo,818

65.8 1 5

107,757

142,160

339,000
333,595
19,123

713,000
451,712
35,614

12,281,353

12,966,601

Florida Central A: Western.—Jacksonville t,<> Chattahoochee,
203 miles, and branches from Tallahassee to St. Marks,.21 miles; and
from Drifton to Monticello, 4 m.; total, 234 miles. This was a consoli¬
dation in January, 1S32,.of the Florida Central, 1 he Jacksonville Pen¬
sacola A Mobile, Ac.
Of tile above bonds $1.000,000 are a prof. lieu
‘series A,” the balance of the issue1, being known as “series B.” The

capital stock is $3,000,000; par $100. In 1882 earnings for 11 months
were $367,022; net, $106,616.
B. S. Henning, President, New York
City. (V. 34, p. 60, 315.)
Fonda

A: flloversville. Owns from Fonda to
The stock is $300,000. In 1332-83 9*2 pm’cent

Johnstown

Northvillc, 26 miles.

dividend was paid.
Net surplus after deducting interest, rentals and
dividends in 1882 and 1833 was $18,518. W. J. Heacoek, President,

Gloversville, >\ Y.
Fort. Itladltton A: Northwestern.—Owns from Fort Madison
I i., to Birmingham, la., about 45 miles.
Proji oted line, Fort Madison
to Osealoosa, la., 100 miles.
Stock, $125,600.
Earnings in 1881-82,
$47,402; net, $20,727. E»rnings in 1882-8 ?, $56,316; net, $23,826.
J. C. Atlee, President, Fort Madison, la.
(V. 34, p. 604.)

Fort Wayne A; Jackson.-Owns from Jackson, Mich., to Fort
Wayne, Ind, 97 miles.
This road is successor to the Fort Wayne
Jackson A Saginaw, which made default on its bonds and was sold in
foreclosure Dec. 3,1879. On Sept. 1,1882, leased perpetually to L. Shot ©
A Midi. South, at a rental of $126,027, equal to 5 *2 per cent on the pref.
stock, and sifter ls87 any net earnings over 8 per cent on pref. stock to
bo paid as dividend on common stock, but not exceeding 2 percent a
year.
Gross earnings in 1881, $295,502; net, $117,602. (V. 35, p. 131,

293.)
Fort

Wayne Cincinnati A:

Louisville.—From Fort Wayne,

Ind., to Coiiuorsvillc, Ind., 101 miles; branch to Rushvillo, Ind., 24
miles; total operated, 128 miles.
The Fort Wayne Muncio A Cincin¬
nati Co. defaulted and a receiver was appointed Now, 1874. The road
was sold in foreclosure. July 27, 1881, to Elijah Smith, for the bond
holders, for $1,000,000. The bondholders reorganized under this name.
Gross earnings in 1882, $274,320.
Elijah Smith, President, Boston,
Mass. (V. 35, p. 131.)

1882.
$

795,839

Gross

565,288
994.369
39,967

655,478
1,157,367
72,568

1,317,042
67,342

1,151,201
745,912

1,599,621
1,145,929

1,885,413
1,315,322

2,180,223
1,4 >2,209

405,239

453,695

570,091

743,014

45,558.

1882.

1881.

Net earnings
Disbursements—
Interest on debt...
Dividends
Loss on cargo “St. Albans”.

Fort Worth Ac Denver City.—Road in progress from Fort
Worth, Texas, northwest to the Oauadian River; and in operation to
Wichita Falls, 110 miles.
It is lmilt by Texas A Colorado Improve¬
ment Co.. G. M. Dodge, President, a corporation identified
with the
Gould interests. Stock $20,000 per mile; par value of shares, $100.

Earnings lor four

1881.
$

INCOME ACCOUNT.

Receipts —

earnings year ending Sept. 30, 1883, $377,093; net, $158,003.
Mirgan Jones, President, Fort Worth. (V. 36, p. 80; V. 37, p. 640.)
Frederick A: Pennsylvania Line.—Owns from Kingsdale to
Frederick City, Md.. 28 miles.
It is leased to Pennsylvania RR., which
pays interest on first mortgage. Preferred stock held by Pennsylvania
RR., $461,000; common stock, $318,100; floating debt, .’coupons, Ac.),

$135,914.

Charles E. Trail, President, Frederick City, Md.

BfliCEJtt

40

RAILROAD

Subscribers will confer

a

AND

BONDS.

[Vol. XXXVIII.

great favor by giving immediate notice of any error discovered in tbese Tables.

DESCRIPTION.
For

STOCKS

Miles

explanation of column headings, Ac.,
on first page of tables.

see notes

Date

of
Road.

of

Par

Bonds

Value.

Size,

Bonds— Princi
pill,When Due*
Where Payable, and by
Hocks— Last

INTEREST OR DIVIDENDS.

or

Amount

Outstanding 1

Rate per

When

Cent.

Payable

Whom.

Dividend.

'

Fremont Elk ho n\ d£ Mo. Valley— 1st mortgage
1st mortgage
Income bonds
1st mortgage
1st mortgage (new)
Galveston LIurrisbM S. Antonio—1st mort, gold, 1. gr.
2d mortgage
Mexican A Pacific Extension, 1st mortgage, gold
do
do
2d mortgage
Galveston Houston & Haul, of 18s2— 1st mort.,guar
Geneva Ithaca <£• Sayre— 1st mort., s. f., gold
Georgia Pacific— 1st mort., $10,000 per mile

39
51
106
107
256
226

675
675
50
35

1871 $500Ac.
1879
1,000
1876
1880
1,000
1881
1.000
’71-’80
1,000
1880
1,000
1881
1,600
1881
1,000
1832
1,000
1870
100 Ac.
1682
100
500
77A80
1.000
1867
1,000
100
1869
1.000
1869
1,000
1875
1.000
1881
1,000
1881
1,000
1879
1,000

9128781
Qew'gia Railroad t£- Banking Co.—Stock
Bonds, not mortgage

197

307

;

income

mortgage bonds, for $10,000,900
Green Bay Winona & St. Paul— 1st mort. coup
2d mort. income bonds, reg.. non-cun.illative
Santa Fe—Is* M.t g. ($12,000 p.m.;
Gulf Colorado
2d mortgage ($13,000 per mile)
Hannibal
St. Joseph—Common stock
Preferred stock (7 p. c. yearly, not cumulative).
Bouds 1879, convertible
Land grant bonds, secured by land notes
Consolidated mort. (for $8.000,000)

77

332
332
332
332
219
21-9
570
83

317,082

2,152.000
1,199,000
4,800,000
1.000,000
13,500,000
6,750.000
2,000,000

....

‘JjP'J

292
292

292

4

1,000
100
100

1870
1878
1881

S' ,708

3,664

Donations on account of extensions
Town lot sales

17.000
2,800

Total receipts
jExpenses—

$199,949

Salaries and general expenses
Interest on bonds

Q.-J.

Augusta,Ga.,

A J. N. Y., Third Nat.

8
7
6

do
da
do

J.
J.

J.

s.

F. A A.
M. A N.

Bank.!

1899
1899
do
do
1906
N.Y., Nat. C’itv Bank.
Feb. 1, 1911
do
do
May 1, 1911
N. Y. Nat. City Bk.AGalv., July 1, 1909
New York.
Oet, 1, 1923

A. A O. N.

Y., Winslow, L. A C0.1

A.

A J.
A O.

F.
M.
J.
M.

A A. N. Y.,
A 8. N. Y.,
A J. N. Y.,
A S. N. Y.,

'

,

June l, 1905
May 1, 1031
July 1, 1931
April 1, 191
July 1, 189
Jan. 1, 192
RR. Bank. Jan 15, 1884
do •
Yearly to 1890
do
189? & 1910
da
1887

J.

J.

1886
1900
1899

N.Y.,D.,M.ACo.,ALond. Feb. 1, 1910

A
A
A

m:a

1901

1899

D. N. Y., Drexel, M. A Co.
N.
New York.
J.
do
O.
New York.
J. N. Y., Metrop. Nat. B’k.
J. N. Y.. Central Trust Co.

T.
J.
J.

”3*

3.000,000

$94,776

A.

7 g.
7 g.
7
6
8
7 g.
6

•-

4,000,000

1,000

O. N. Y., Nat. Park Bank.
O.
do
do
O.
do
do
O, Boston, Everett Nat.Bk.
O.
do
do

7
6
7

296.000

4,985.081
4,000,000
2,903,000
1,097,000
1,609,000
3,781,000
6.840,000
1,072,000
9,168.700
5,083,024

A
A
A
A
A. A
F. A
J. A
M. A
J. A
A. A
J. A
J. A
A.
A.
A.
A.

2*2

237,500
2.100,000

90,000

Valley.—Fremont to Thaekler,

Connecting roads
Interest and profit and loss account

3,130,060
4,200.000

1.000

Neb., and Non oik Junction to Creighton, Neb., 365 miles. Leased to
Sioux City A Pacific KR. The rental is 33*3 per cent of gross earnings.
Stock, $1,924,500.
See report and balance sheet in V. 36, p. 32®;
balance of income over interest, Ac., $7,240. Receipts an*l expenses
for the year ending Dee. 31, 1882, were as follows :
lit eeipts—
Rental of road

600,000

.

....

1883

7
7
7
7
7
6 g.
7
5 g.
6
5
7 g.
6

270,000

....

Bonds, not mortgage
Macon A Augusta, 1st mortgage
Grand Rapids <£• Indiana—Stock
1st mort., land grant, gold (guar, by Pa. RR)
let mort., gold. ($1,895,000 are land grant)

Fremont Klkhorn Sc IflifcKOuri

$690,000

j
Compauv’s Office! Feb. 15, 1883
B’k. No. America.
Mar., 18S5
Farm. L. A T. Co.
Jan. 1, 1888
B’k. No. America.' Mar. 1, 1911
.

!

by outsiders. Stock of the new eompanv is $1,000,000. W. II. Harding,
President, Galveston, Texas. (V. 35, p. 160, 211, 637, 762; V. 36, p. 30,
671, 675.)

Geneva Ithaca Sc Sayre.—Owns from Geneva, N. Y., to
Sayre,
Pa., 75 miles; branch, Ithaca, N. Y., to Cayuga, N. Y., 38 miles; total
operated, 113 miles. Organized Oet. 2, 1876, as successor of the Geneva
Itliaea A Athens RR. (sold in foreclosure. Sept. 2, 1876). which had
been formed bv consolidation of the Geneva A Ithaca and Ithaca
&
Athens railroads. May 25. 1874.
In 1880 absorbed the Cayuga A South.
RR., 37 miles. The common -stock is $1,275,000; preferred, $400,000.
Gross earnings year ending s.-pt. 30, 1883. $519,246; net.
$72,354;
interest. $60,465. In 1881-82, cross, $505,468; deficit, $26,955; inter¬
est payments. $59,697; total deficit, $86,652.
R. A. Packer is Presi¬
dent, Sayre, Pa.

Georgia Pacific.—Atlanta, Ga., to Columbus. Miss., of which 278
completed to Nov., 1883, including the Greenville (N. G.), 52
miles, purchased. Built by Richmond A Danville Extension Co.., which
has S5.000.0o'> siib«M*»bed
Balance to income account
See re >ort at length in V. 36, p. 195.
$7,240
—(V. 35, p. 235; V. 26, p. 220, 623.)
—(V.36, p. 195 ; V. 37, if. 151, 342, 563 ; V. 38, p. .12.)
Galveston Harrisburg Sc San Antonio.—Owns from IIoiisGeorgia Railroad Sc Banking Co.—Augusta, Ga., to Atlanta ,
tou, Texas, to San Antonio, Texas, 217 miles; Lagrange Extension, 3L Ga., 171 miles; branches to Washington and Athens,60 miles; Warrenton, Ga.,to Macon, Ga., 76 miles; total operated, 307 miles.
miles; Harrisburg to Pierce Junction, 8 miles; leased, Harwood to
The West¬
Gonzales, 13 miles; total, 269 miles. Western Extension. San Antonio ern RR. of Alabama, purchased in May, 1875, at foreclosure, is owned
to Rio Grande River, connecting with Southern Pacific, 636 miles;
Eagle jointly with the Central RR. of Georgia. The Macon A Augusta RR.,
Pass Branch, 35 miles; total Western Extension, 661 miles. Grand total, 76 miles, is owned by this company. The Port Royal A Augusta RR.
939 miles. The extensions to the Rio Grande at Eagle Pass and to El is owned one tilth part by this company; the Atlanta A West Point
Paso were completed late in 1882.
thirty-five one hundredths by this company.
This company was successor to the Buffalo Bayou
In April, 1881. a lease for 99 years was made to W. M.
Brazos A Col. Rail¬
Wadley an i
way iu 1870.
The capital stock outstanding on the whole road is associates (for the Central of Georgia and the Louisville A Nashville
$27,053,600. The 1st mort. covers 256 miles of old road and 1,800,000 railroads) at $600,000 per year, p yable semi-annually, and dividends
acres of land.
The proceeds of land sales are used to retire the
bonds, are 2*2 percent quarterly; In IS *2-S3 net income from all sources,
and also a sinking fund of 1 per cent, but it is
optional with bond¬ including bank, was $642,814, leavingbulanee of $28,181 over all pay¬
holders to surrender their bonds, if drawn.
In June, 1881, a largo ments, including dividends. (V. 35, p. 430; V, 36,p. 453, 559.)
interest in the stock was bought by Southern Pacific parties.- The
Grand Rapids Sc Indiana.—Owns from Fort We- ne Ina., to
Bay
mortgages on the Mexican Pacific extension cover 636 miles of road, View, Mich., 332 miles; branches to
Carey’s, Mich., 15 miles, and Mit¬
from San Antonio to El Paso, and the Eagle Pass branch, 35 miles—
chell, Mich., S miles; total owned, 355 milies ; leased and operated: Cm.
671 in all. T. W. Pierce. President, Boston." The land
grant is sixteen Richmond A Fort Wayne RR.. 80 miles; Traverse City Railroad, 26
sections-(10.240 acres) per mile.
*
miles; Bay View Little Traverse & Mackinaw Railroad, 6* miles; Grand
The annual repott, iu Chronicle. V. 37, p. 2C0, had the
Rapids A Mack., 34 miles; total, 508 miles.
following:
The Grand Rapids A Indiana Railroad is operated in the interest
STATEMENT OF EARNINGS, AC., BY DIVISIONS, FOR THE YEAR 1882.
of the Pennsylvania Railroad Co., and $1,000,000 of the first
mortgage
Houston Div.
San Ant. Div
bonds are guaranteed by that
company, which buys the coupons each
Average miles
260-00
156-80 year-if any remain unpaid ly the earnings, and on
January 1, 1883,
Total earnings.. .$1,628,026
$354,825 $1,862,170 unpaid coupons were hell by Pennsylvania RR. and Penn¬
Total operating expenses
First mortgage bonds redeemed by the sinking
1,024.986
231.196 sylvania Company.'
filial are replaced by income bonds issued. In Apfil, 1883. payment of
Net earnings
$603,039
$120,628 coupons was suspended in consequence of the. Pennsylvania Railroad
suit, and coupons were purchased by Penn. RR. Co. (See V. 36. p.
340,
Expenses to earnings
62-98 p. e.
66 p. c.
399, and advertisement on page 3*of Ciikoniclk. June 30, 1883. The
Average pet p.tsseiigi r
3-06 cts.
3-01 ets.
company had land grants amounting to 852,960 acres, and sold in 1882
2 83 ets.
Average per ton
1-99 ets.
51,609 acres, for $129,422, an average of $8 32 per acre. The lands

$1,013

191,665—192,708

INCOME ACCOUNT YEAR 1882.

Houston Div.

Balance fiora 1881
Net earnings. 1882
Other receipts

$617,028
603,039

Mex.vfe P. Ext.

$27/»53

417.3S7

100.003

miles

unsold on Jan. 1, 1883, were 479.747 acres. The assets were $1,625,988
cash in hands of trustees; $687,495 bills receivable, and cash with

cashier, $15,859.
line

were as

Total receipts

$1,350,071
$335,233
36.987
19.055
34,513
924.281

$145,340
$347,280
2,151
95,909

on

main

:

Gross
Passenger
Net
Freight (ton)
Mileage.
Mileage.
Earnings. Earnings.
17,823,880
51.267,197
$1,345,134 $432,645
21.309,396
69,801,159
1,692,754
476,745
332
24,661,483
79,316,473
1,940,570
562*890
332
28.382,854
93,283,242
2,200.291
582,054
-(V. 34. p. 315. 602, 663; V. 35, p. 23. 51, 317 ; V. 36. p. 340, 399

Years.

Interest on bonds.
Interest on debt
Interest on State school fund
Other expenses
Balance, snip us
...:

Operations and earnings for four years past

follows

Miles.
332
332

55 8, 707.)

Green Bay Winona A St. Paul.—Owns from Green Bay. Wis.,
Total disbursements
$1,350,071
$445,340 to Marshland, Wis., 209 miles; branches, 10 miles; leased—Plover
The El Paso Division was leased during the past year, and the net to Steven’s
Ft., 6 miles; total. 225 miles. This was a reorganization in
income from the same was $296,759. The'average mileage on tin: ex¬
1881 of the Green Bay A Minnesota, which company made default and
tension west from Sun Antonio was 156*80 miles. The facilities and the road was sold March
12, 1381.
See plan of reorganization in
track wete devoted chictly to construction uses, no efl'o:t
being made to CtiKONici.E, V. 31,’p.453. Preferred stock is $2,000,000, and entitled
secure commercial business.
From and after the opening-of the whole to 7 per cent when earned, and common stock
$8,000,000, both stocks
line, Feb. 1, 1883, the leases were canceled, and the road throughout in $100 shares. In 1881 net earnings were $70.77i; in 1882, gross earn
operated independently. Net revenue, old line. $703,013; San Antonio fugs $100,676; net, $93,327; rentals, $19,713. Year
ending June 30,
Division, $120,638; El Paso Division, $296,759.
Total, $1,120,140. 1883. net receipts, $99,805; interest and rentals. $111.323. Samuel
Interest- requirements on securities
outstanding at close of year, Sloan, President, New York. (V. 37, p. 201, 479 ; V. 38, p. 30.)
$902,335.” During the year 1882 there were expended on construction
Gulf Colorado A Santa
aud improvement of old road, $323,959 ; for
was as follows August 1*
equipment, $160,212: on 1883: Galveston to Lampasas. Fe_.-MileageFort Worth
274 miles;
Division, Tern
reftl estate. $33,431.
Total, $517,623.
(V. 35. p. 78,103, 213,266,
pie to Fort Worth, 128; Northeastern Division, Cleburne to Dallas, 54 ;
347, 405, 431, 456, 578; V. 30, p. 110; V. 37, p. 200 )
Eastern Division, Somerville to Montgomery. 56 miles; Houston Divi¬
Galveston Houston Sc Henderson of 1882.—Owns from Gal¬ sion, Alvin to Houston, 24 miles; total 536 miles. Road
opened late in
veston. Texas, to Houston. Texas, 50 miles.
The road was opened in
1878 (63 miles), and sold and reorganized April 15, 1879.
Formally
1853-4 and sold in foreclosure I)cc. 1, 1871, and reorganized as the G.
opened under new ret/line August, 1880, and has been rapidly extended.
H. A II. of 1871.
In July, 1^80, the company defaulted on its interest See
report in V. 37. p. 398. Stock July 31. 1883, $1,569,000. In July,
and the road was sold in foreclosure Aug. 1, iss2, for
$460,000. and 1883, the 2d mortgage-was authorized. Gross earnings in 1331-82, on
purchased in the interest of Jay Gould and Russell Sage. The bond¬ 361 miles. $1,2'>1,973 ; net $440,117; gross in 138*2-83, on an
average
holders, by agreement with the purchasers, received new 5 per cent of 193 miles, $2,068,958 ; net.
$779,066. George Sealy, President. Gal bonds for their old bonds, and the road is leased lor 99
years, to the vestm*. Tex.
<V.35.p 339, 3 47, 429. 763 ; V. 36, p. 561, 675 ; V. 37, p.
International A Great Northern Railroad Company and bonds
guaran¬ 127. 398; V. 33. p. 60.)
teed by that company. The old capital stock was $1,000,600, aud no
Hannibal A St. Joseph.—Owns from Hannibal, Mo to St. Jo¬
venresentatiou was allowed in the reorganization to the old stock held
seph, Me., 2u6 t: iles; brauehOL—Cameron to K-ausas City, 53 miles ; St.
“




t

FiirBUAnY,

41

STOCKS AND BONDS

RAILROAD

1884.]

Subscribers will confer a great favor by giving immediate notice of any error discovered in
DESCRIPTION.
For

Miles
Date
Size, or
of
of
Par
Road. Bonds Value.

explanation of column headings, Ae., see notes
on first page of tables.

these Tables.
Bo tats—Princi*

INTEREST OR DIVIDENDS.

OutdundiYi^ Rate l>cr When
uniting Cent
out

Where

pal.When Due£ toc.ks—Last

Payable, and by

Dividend.

Whom.

payahic

.

..

\
1

Hannibal & St. Joseph—(Coniinuedj—
Bonds Quincy A Palmyra,, RR
Bonds Kansas City A Cam. RR
Hcirrisb. Portsm'tk Sit. Joy d Bone.—Stock

15

!

53

registered (extended 30 years in 1883)
Harrisburg d Potomac—1st mortgage, coupon
Hartford & Connecticut Western—Stock
'

54
28
110

mortgage

Preferred stock.

’
142
142
345
119

gold

Houston d Texas Cent.—1st M.. (main) gold, l.gr.,s.t.
1st mort., 1. gr.. West div. (Hempstead to Austin)
1st 31.', gold.Waco A N’west (Bremond t o Ross)
Cousol. limit.. land grant, 3Iain and Western Div.
Conso). morr., land grant, Waco it Northwest
Ceil. mort.. gold (for $18,500,000)

Huntingdon d Broad Top— 1st mort., gold
2d mortgage, gold.
3d mortgage consolidated
Scrip for interest 1st and 2d mortgages
Illinois Central—StocK

58

>

;

1

464
58
522
58
58

58

1853
1874

1865
1869
1880
1878
1883
1866
1870
1873
1872
1875
1881
1854
1857
1865

706
706
706

84,000
3.300,000
367,500

1,000

1.497.000

INCOME ACCOUNT.

$

1881.
$

1882.

$
Total gross earn’gs...

Receipts—
Net earnings
Premium on bonds...
Miscellaneous
Lands A 1. gr. bonds.
Total Income
Disbursements—

1,997,405

2,501.390

2.257,231

2,419,000

f73,983

1,250,800

819,939

1.043,824

288,978
1,514

297,107
1,072.601
$

057,320

Miscellaneous

139,902

6,3.^
63.610
1,326.761
$
654.640

(6^2)330,395

147,598

1,132,633
275,382
194,131
-(V. 35, p. 103. 189. 297. 308, 320, 575, 700;
284, 312,340, 399.453, ?60.)
Tot. disbursem’ts.

$

797,222

41,795
37,559

4,746

2,500,000
4,100,000
1,000,000

Pliila., Co.’s Office.
do

-

July

do

A

1, 1913

Jan.

1, 1904
1, 1882

J.

Pliila., Third Nat. Bk.

J.

Hartford.

July 1, 1903

Bridgeport A Boston.
Bridgeport. Office.

Jam 15, 1884

Dee.

....

J.

Jan., 1892
Jam. 1892
Jan. 10, 1884

!

2
7
6
5

Q.—J.

jF. A A.
J.

A

J.

|A. A O.

7 g.
6
7 g.

jM. A N.
|J.

A J.

7
7
8
8
6
7
7
5
7
6
2
6
5

hr.

&

J.

A

J.
j.

|J. A J.

g.

I A. A O.

|M. AN.
(A. A O.

g.

g.

|A. A O.

g.

jF. A A.
.

A. A O.

)J. A D.
M. A
J. A

g. »A.
g. lA.
5 g.

ij.

S.
J.

Aug. 1.

1885

do
do
do
do
N. Y.. Union Trust Co.
do
do
N. Y., J. J. Ci»eo A Son.
do
do
do
do
do
do
do
do
do
d*»

J ul v

1889

Philadelphia, Othee.

Oct.
Feb,

do
do
do
do
do
do
N. A".. 214 Broadway.
do
do
London.

A O.
A O. Ixmdon,Morton R.A Co.
do *
do
A I).

1,

April 1, 1910
1898
Jan. 1,
J ul v 1.
Jill V 1,
Jul v 1.
Oct. 1,
Mav 1.

1913
1893
1891
1901

1913
1912

April 1, 1925
1. 1891
1. 1890

April 1. 1895
1, 1985

Dee.

Meh. 1, 1889
July 2, 18S4
April 1. 1895
April 1. 1903
Dee. 1, 1905

earnings, $266,332; net, $168,214. Paul Brom nil, President, Houston,
Tex.
(V. 35, p. 189, 339 ; V. 36, p. 540, 731; V. ,37, p. 75.)
Houston A* Texas Central.—Owns from Houston, Tex., to
Red River City, Tex., 345 miles; 1 (ranches—Hempstead, Tex., to
Austin, Tex.. 118 miles; Bremond. Tex., to Rosa, Tex., 58 miles; total

operated. 522 miles. Texas Central RR completed from Ross to Al¬
The company has a land grant from the State of
bany, 177 miles.
Texas of 10.240 acres per mile, amounting to about 5.130,720 acres;
but the lands, as in the ease of other Texas “roads, are not. on the line
of the road.
Mr. Morgan, of the Louisiana Steamship Line, bought a
controlling-interest in the stock, and in February, 1883, the Southern
Pacific syndicate purchased this interest ($4,400,000 of tl»e stock)
with their purchase of the Morgan property.
Total stock is $7,726,900.
(See V. 36, p. 212.) The general mortgage* of 1881 for $18,500,000 Is
made, to the Farmers’ Loan A Trust Co. as trustee. Last report of earn¬
ings on the 522 miles gave the figures below. The payments out of net
earnings in 1882 were: Interest on funded <lobt., $1,193,255; on
floating debt, $53,858 ; other payments, $160,499 ; total, $1,407,613.
Gross Earn’gs.
Net Eara’gs.
1880 (522 miles)
$3,741,000
$1,733,677
1881 (522 miles).
3,748.655
1,606,782
1882 (522 miles)
3.156,517
1,407,613
-(V. 35, p. 17, 161. 237. 658; V. 36, p. 80, 212; V. 37, p. 200.)
Huntingdon A* Broad Top.—Owns from Huntingdon, Pa., to
Mt. Dallas, Pa., 45 miles; branches—Slump's Run, 9 miles; Six Mile
Run, 5 miles; and Sandy Run, 3 miles; total operated. 62 miles.
Tins road was opened in July, 1856. The capital stock is $1,368,050 com¬
mon and $1,983,500 7 per cent pref. stock.
No dividends eVor paid on
stock, and

none on

preferred'from 1865 until Feb., 1884, when
in 1883, $424,494; net, $196,$159,036.: (V. 38, p. 201 );

75 cents per shore was paid.
Earnings
651.
In 1882, earnings, $320,431; net,

Illinois. Central.—Link of Road—The Illinois

Central Co. operate

system embracing 1.909 miles of road and c iveringn wide territory,
which requires a map to show at all forcibly the strength of its location.
1,188,271
1,018.570 ! The
company has no line of its own connecting the Northern and Iowa
$
$
Divisions with Chicago.
Main line—Chicago to Cairo, 365 miles; Dun654,610
653,620 leith to
Ccntralia. 341 miles. Branches—Otto to Colfax, III., 60 miles;
(7) 355,810 (6^2)330.395
124.007
24,745 Buckingham to Tracy, Ill., 10 miles; Kemnton Junction to KankaReo
Junction, Ill., 42 miles; Gilman to Springfield, 111 miles. Total owned,
929 miles.
Falls, 143 mill**: Iowa Falls t#
1,134,167
1,008,760) Sioux City, Leased—Dubuque to Iowa Minnesota State Line. 76 miles.
183 miles; Waterloo to
53.814
39,810 Total leased, 402 miles. Total operated Dee. 31, 1882. 1,33 > miles. On
V. 36, p. 195, 221, 251, Jan. 1,1883, took formal possession of the Chic. St. L. A N. O. RR., te

Harrisburg Portsmouth Mount Joy A Lancaster.—Owns
Dillerville, Pa., to Harrisburg, Pa., 36 miles; branch, Mid¬
dletown, Pa., to Columbia, Pa., 18 miles; total operated. 54 miles.
The property was leased to the Pennsylvania' Railroad Co. for 999
years from Jan. 1, 1861, the rental being 7 per cent on the stock and
inTerest on the bonds. Operated as a part of main line of Penn. RR.
—(V. 36, p. 5*;0.)
Harrisburg A: Potomac,—Owns from Bowmansdalc toShippcns
burg, Pal. 32 miles; branch to mines. 5*2 miles; total operated, 37L>
Extensions projected from Bowmansdalc to Harrisburg. B aids
miles.
authorized, $1,800,000. Stock $379,165. C. W. Alii, President, Boiling
bpiiugs, Pa.
from

29,000,000
10,000,000

common

Interest on debt.
Dividends on pr. st’k.

Balance, surplus...

118,895

100
100
£200
£200
£200

prior right to a non-cumulative dividend of 7 per
both share. Fiscal year ends Dee. 31.
Annual report in V. 3d, p. 284.
1880.

416,000

....

cent; thencommon to 7; then
Annual election occurs in May.

1879.

4,117,000

500
500

1875
1874
1875

5

6,262,000
2,270,000
1,140,000

1,000

:

...

994.000
750,000

1.000

j J. A

1%

300,000

1.000

Joseph to Atchison. Knns., 10 miles; Palmyra to Quincy, Ill., 13. miles^
total operated, 202 miles.
The company was chartered Feb. 10, 18 47, and road completed to St.
Joseph in Feb.', 1850. The branches were built under different organiza¬
tions. Toe Bridge across the Missouri River at Kansas City is owned.*
The company had a Congressional land grant and received $3,000,000
in-bonds from the State of Missouri, which loan was repaid in cash in June,
1881, but litigation followed as to the interest payable on the State
bonds, the State claiming interest should be paid to it at 6 per cent till
maturity. The Y. S. Circuit (aunt decided the further sum of $170,010
to be due the State, and the case is yet pending on appeal.
The land
sales for two years past were as follows:
1881. 20,830 acres for
$204,107, average $0 81 per acre; 1882. 15,784 acres for $87,030,
average $5 51 per acre. The lands unsold arc 35,005 acres, and amount
yet due for lands sold, $707,003.
In September, 1882, a syndicate, including Jay Gould, Russell Sage,
and others, bought about 00,000 shares of common stock from John
R. Duff, of Boston, and in May, 1883, this common stock and a large
amount of preferred were sold to the C. B. A
Q. RR. Co. at 45 for the
common and par for the preferred, payable in C. B. A Q. 5 per cent bonds
at par.
Preferred stock has

820,000
1,180,000
100,000
300,000

1,000
1,000
1,000
i ,000
1.000

....

Sterling bonds, /sinking fund £20,000 yearly)..
Mortgage, sterling
:

4
7

300,000

100
100
500 Ac.
500 Ac.
500 Ac.

jJ. A J.
jJ. A J.

3%

700,000
507,200
2,491,000

1.000

....

iF. A A. N. Y., B k. o f N o. A m o rie a.
do
do
J. A J.

8
10

1,182,550

50
500 Ac.
100 Ac.
100

....

Leased line 4 per cent stock, guar
Mortgage bonds, sterling

$433,000
1.200,000

1883
127
127
74

Housafonie—Stock
1st mort gage, coupon
2d meet, bonds of 1800
Consolidated mort.. reg
Houst. Hast d West Texas.—1st mortga ge,
2d morr., land grant ($5,000 per mile)

$....
1867

54

1st mor.,

isi

-

a

known as “.Southern Division.” and making 1,909 miles operated
in all. The Chicago St. Louis A New Orleans extends from New Orleansbe

La., to Cairo, 111., 549 miles; branches: Kosciusko Junction, Miss,
Miss., .18 miles; Durant to Lexington, Miss., 12 miles;
total, 578 tniles. Organization. Leases, Ac.—This company was chartered in Decem¬
to Kosciusko,

in March, 1851', and the whole mad, 707
1856. The Illinois Central was one of the
first, and has been one of the most successful, of the land grant roads.
The first lands granted were upon the condition that the company
should pay to the St ate 7 per cent of gross earnings yearly in lieu of
taxes. The Springfield Division was acquired by a lease of the Chicago
A Springfield (Gilman Clinton A. Hpriugtiel 1 foreclosed) for 50 years,
lmt road is practically owned. The leases of Dubuque & Sioux City RR.
and Iowa Falls A Sioux City are on different, Terms.
(See the names of
Hartford A* Cojnnectieut Western.—Hartford, Conn., to Rhinothose companies.) The company acquired a controlling interest, in the
cliff. N. Y., 108 miles; Miilrrton to Conn. State lime 2 miles; total, 110
Foreclosure suit was begun in 1880 against the former Connect-, Chicago St. Louis A* New Orleans Railroad, to which it made, large
miles.
advances
From July 1. 1882, liaised the Chicago St-. Louis A New
ieut West., and the State Treasurer took possession. On May 25, 18*1,
bondholders re-organized, and stock in new company is issued for Orleans for 400 years, at 4 per cent per annum on stock, and issued the
above 4 per cent leased line stock, exchangeable for the Chic. St. L. A
In March, 1882. the purchase of the Rhinehock A Connecticut
bonds.
N. O. stock.
The Ill. Central owned all but- $7,3( 0 of the total stock
Railroad was made for $800,000 in the stock of this company. Gross
of $10,000,000.
Fiscal year ends Dee. 31. Annual election held in May.
earnings 1882-^3, $391,411 ; net earnings, $78,820. (V. 37, p. 610.)
Stock and Bonds.—''fhe Illinois Central stock lias been held largely
IIousatonic.-Fiom Bridgeport. Conn., to State Line, Mass., 74 in England. The bonds of the company proper are very limited. On
tniles; Brookfield June, to Danbury, 6 miles; leased— Berkshire Railroad, I t.lie Chicago St. Louis A New Orleans the lessee guarantees the
22 miles; West Stockbridge Railroad. 3 miles; Stockbridge A Pitts¬ principal and inteiost of all the outstanding bonds prior to the 5
field RR., 22 miles; total, 127 miles.. The preferred 8 percent stock was j per cent bonds, and. bv an indorsement on the latter bonds, guar¬
Issued in 1815 to pay for laying the road with heavy iron. Then1 are. antees th<i payment of the interest on the same until the principal
also $150,000 6 percent equipment bonds due Feb. 1,1888, and $06,0uo | is paid.
Of the first mortgage bonds, $541,000 arc a prior lien on
5 percent Danbury branch bauds due O-tuber 1, 1912.
Operations] that poition of the road in Tennessee. The consolidated 5 per cent
and earnings for four years past-as follows:
mortgage bonds of 1951 are to be issued only for redemption of prior
bonds, and their issue does not increase t.lie debt, which is-limited t»
Gross
Net
1
Passenger
Freight (ton)
$18,000,900.
Mileage.
Miles.
Years.
Mileage. Earnings. Earnings.
Dividends on Illinois Central stock since 1870 have been : in 1871, 10
127
1379-80
17,^90,190
$740,997
$247,283
7,325,680
percent; in 1872, 10; in 1873, lOj in 1874. 8: in 1875,8; in 1876,
127
754.513
1880-81
273,981
17,277.336
7,84 6.-94
S; inl877, 4; in 1878, 6; in 1879. 6; inl8s0, 6; in 1881, 7; in 1882,
127
17.510.670
253,203
1881-82
746,328
8,546,740
7 ; m 188;{, 8, and 17 percent in Chic. St. L. A N. O. stock, exchangeable
15.795.565
252.251
127
1882-83
735,492
8,794,731
for scrip.
Brices of the stock vearlv since 1870 have been: in 1871,
132</> 139L>: in 1872, 119/H40;*in 1.873. 9(ia l2(>L>; in 1874, 90® 108^;
West Texas.—Owns from Houston, Tex.’
Houston Last A
in 1875, 88*2 ®106*2: in 1876, ii()7H®103%; in 1877, 4012®79; in 1878,
to Nacogdoches. Tex., 1 40 miles. (Narrow guage, 3 feet.) If is intended
to
to Marshall, The company has a Texas land grant of 10,240 72%*® 87; in 1879, 79
100%; in 1-80, 99%® 127«$; in 1881,124®
icresror eaeli mile constructed and equipped. Bonds issued to the extent
140% ; in 1882, 127%® 150%; in 1883, 1244148; 1*81 to Feb. 16,
132% h 14 0,
$7,000 per mile first mortgage and $5,000 per mile second mort¬
Oi’f.RATioNS and Finances.—The Illinois Central for many years paid
gage.
Stock authorized, $10,000,000; issued, $1,500,000.
Gross
earnings 1881-2, $251,079; net, $143.197; interest on bonds. $56,795. 10 per cent dividends, as the road drained a iicli territoiy, of which it
The surplus of $S6,4ol, and cash from land sales, $50,659, were was the only outlet to Chicago.
But the building of mime oils east and
applied to construction.
From Jan. 1.J 1883, to Nov. 1. 1883, gross west lines crossing its road cut intuits business severely. The company,




ber. 1850, and organized
miles, opened September,

42

RAILROAD

Subscribers will confer

a

STOCKS

AND

BONDS.

great favor by giving immediate notice ot any error discovered in
these Tables.

DESCRIPTION.
For

explanation of column headings, Ac.,
on lirst page of tables.

Miles

Date
of
of
Road. Bonds

Ill
101
200
224
185
185
501
507
All.
147
090
202
202

..

Outstanding

1877

\

$1,000

1878
1850
1800
1854
1805
1877
1877
1881
1875

$1,000,000

1,000
1,000

910,000

202

342
202

1st mortgage,

gold, Eastern Division
Indianapolis Decatur it Springfield—l&t mort., gold
2d mortgage, gold
Ind. £ Evansv.—1st M., gold (for
$3,380,000), $ A £

140
152

1879
1879
1879
1881
1879
1881
1870
loo 1

Indiana Illinois it- low t—Stock

110
72
72
117
117
184
184
38

Indianapolis <t- SI Louis—1st mort., in 3 series
New mortgage for $2,0JO.000
Indianapolis d; Vincennes— 1st mortgage, guar
2d mortgage, guaranteed
Iowa f alls it- Sioux dig—Stock
1st mortgage. April 1, ’GO
-

if: West.—1st

mort.(for $500.000)
2d mortgage, (income for 3 years)..;

38*2

...

1809
1870
1877

following

1,000

Total gross

1880.

earn’gs..

JitCeip '.8—
Net earnings

7,249,183
$

4,207,763
102,321

Interest

Miscellaneous

113,461

c

Total net income

4,423,545

1881.

$
8,322,127
$
4,031,840
112,000
105,551

100
100 Ac.
500 Ac.
100 Ac.

4,909,391
$

Interest on debt
Taxes
Dividends
Construction in Illi¬
nois during year...

395,011

703,702
072,000
444.125

1,740,00J

1,740,000

4,875,500
$
735,090
008,000
405,352
2,030,000

38G,04G

8 42,323

925,330

Total disbursem’ts

3,800,341

4,407,750

4,824,428

..

Disbursements-y
Rent’ls pd.on la.lines

Balance, surplus

$

015,830
609,484

Illinois

appointed Sept.
11, 1875. In April, 1883, lloating debt $000,000. and receiver's certif¬
icates $700,000.
In 1880-81, gross receipts,

$385,015;

$395,391; in 1881-82, gross, $290,229; net. $12,519.
D.

151.)
•

II.

Conklin, Receiver.

%

(V. 35, p. 21;

expenses,
Stock. $2,000,-

V. 30, p. 471; V, 37, p.

Indiana Bloomington Sc Western.—Owns from Indianapolis,
Ind., to Pekin, III., 201 miles, and Indianapolis to Springfield,
Ohio, 142 miles. Leased, Indianapolis to Decatur, 153 miles; Pekin
to Peoria. 9 miles; Springfield to Sandusky, O.. 130
miles; Cary, O., to
Findlay, O., 10 miles; Springfield to Columbus, 45 miles. Total operated
090 miles. This was a consolidation in March,.1881, of the
Did. B. &
W. and the Ohio Did. A Pacific. The Cincinnati
Sandusky & Cleveland
and branch was leased in April, 1881; but of this, 24 miles
(Springfield,
O., to Dayton) is leased to Cincinnati it Springfield.
In Decem¬
ber, 1881, leased the Indianapolis Decatur it Springfield road,
guar¬
anteeing $200,000 per year. The former Indianapolis Bloomington «fe
Western Company defaulted Oct. 1, 1874, and a Receiver was
appointed
Dec. 1, 1874. The road was sold in foreclosure Oct.
30, 1878, and the
„

company reorganized.
Interest is on the lirst mort. bonds 3 per cent
per annum for the first
three years, 4 per cent fertile
succeeding two years, 5 percent for the sue
ceeding three years, amt then 0 per cent until maturity. The second'
mortgage bonds bear 3 per cent per annum interest for tlie first: three
years, 4 per cent for the succeeding two years, 5 per cent for the suc¬
ceeding three years, and 6 per cent then*,alter until maturity.' The
income bonds take such interest from July 1, 1879, not
exceeding 0 per
cent per annum, as the net earnings
may suffice to pay. $830,000 stock
scrip was issued entitle,d to a dividend of 7 per cent per annum, after a
dividend of 8 per cent on the common stock. After
the payment of a 7
percent dividend, the stock scrip is convertible into common stock.
The annual report for 1882 was in V.
30, p. 073.
The repoit said
the 'completion of its new line fivm
Indianapolis to Springfield, <_>.,
connecting the lines west of Indian ipolis with the leased lines in
Ohio,
wjis prevented until ne irly the close, of the
year. “While, the business
on
all other divisions shows a
satisfactory increase, the earnings
of the Imli in ip ilis Decatur A
Springiield‘division fell off coasiderably from the. earnings reported by that company for the previous year.
During the first half of the year this lease proved a consi lovable
loss,
but in the last six months the earnings 1
irgely increased, so that at the
end of the year the net deficit from the lease
amounted to $52,102.”
*
*
“
*
In addit ion to ordinary operating
expenses there are included
in tlic subjoin mI statements of
operating expenses very large extraor¬
dinary expenditures ($257,000) in mired in completing' the
-plans
adopted ami carried forward in 1881 l’or the general
improvement, of
the road and eipiipaionf.”
Income account in 1881 and 1S82 was as
follows:

Miles operated Dec.

Receipts —
Gross earnings

Net

earnings.




3l.

1SS1.
401
$

1,820.01m
001.102

1882.
090

$
2,-40,227
888.053

J

iv

.

N.
I).
I).
J.

Dividend.

Broadway.
do
do
do
do
do
do
do
do

Jan.

1.

1898
1921
1886
1890
1884
Feb. 3, 1886
Nov. 1, 1897
Dec. 1, 1907

Aug.

1,
July 1,
Oct. 1,
Nov. 1,

June

15,1951

Jan.

1, 1905

J. N. Y\, Corbin Bank’s Co Jan. 1,
1900
0.
do
do
April 1, 1909
J.
do
‘
do
April 1, 1919
J.
do
do
July 1, 1921
J.
do
do
April 1, 1909
D.
do
do
June 1, 1921
O. N. Y., First Nat. Bank. April 1, 1906
•

J

•

|

O

4

If

A. A O. London and

<^11 Ul PPtM*

July

New York.

April 1, 1911

l,

1911

7

Various N. Y., Union Trust Co.

July 1, 1919

6

F. A A. N.
M. A N.

Fel*. l,

1*4
7
7

498,090

7

-

Y.,Farm. L. AT. Co.
do

do

Boston.
Q.-M.
A. A O. N. Y/, Nat. Park Bank.
J. A I). ^.Y., Hanover Nat. Bk.
J. A J.
do
do

—(V. 30,

Oct.

;

1.

1917

Dec.. 1906
Jan.

479,701
211,491

..sur.

139, 623, 673

p.

1, 1900
Dec. 1; 1883

1882.

Total disbursements
Balance

1908

May

V. 37, p. 534.)

1.

1907

1883.*

-

$253,270
190,119
30,300

Miscellaneous

$575,770
3

27,738
28,456

931,904
def 43,311

Indianapolis Decatur Sc Springfield.— Owns from Decatur,
Ill., to

Indianapolis, Ind.. 153 miles. This company is successor to the
Indiana & III. Cent. RR, sold iu foreclo-aire
April'20, 1875.. In Dec.,
1881, was leased to Ind. Bloom, it W. for 50 years, at 30 per cent of
gross
earnings, but with a guarantee of $200,000 per year. A new adjustment
proposed iu April, 1881 (see V. 32, p. 501, V. 33, p. 303), was partly
carried out, and the above 2d mortg. bonds issued, and
$2,850,000 of 7
per cent pref. stock.
But, owing to some disagreement, in Nov., 1882
the trustees of the old 2d mortgage took
possession of the road, subject
to the lease to I. B. A W.
In Feb,. 1884, the holders of the pref. stock
and 2d mortg. received notice that
they could re-convert their holdings
into the old 2d mortg. bonds, which were
$2,009,000 7 per cents, due
19 nO. Common stock is $500,000.
In 1880-81 gross earnings, $491,487;
net, $159,178. (V. 38, p. 590; V. 38, p. 177.)

Indianapolis Sc Evansville.—In

progress Indianapolis to Evans¬
Bonds issued in London May, 1881.
It. G. Hervoy, President,
Evansville. Ind. In February, 1882, an attachment for rails sold was
issued, and in 1883 foreclosure was sought
(V. 36, p. 427.)
ville.

464,750

which 148 miles are owned and 28 miles leased
This was a consolidation Nov. 4, 1874. of the Peoria
Atlanta A Decatur,
Paris A Decatur and Paris it Terre Haute. Receiver

A
A. A
J. A
I. A
J. A
J. A
A. A

O.
N.
A.

N. Y., 214
do
do
do
do
do
do
do
do

Disbursements—

2,030.000

Midland,—Operates from Terre Haute, Ind., to Peoria*

J.

J.
A.
J.

Rentals pai l
Interest on debt...

5,234,303
■$
*761,227
531,000

5,078,429

•

A
A
A
A
A
A
A
A
A
A

Whom.

4,023,500
2,947,500
315,000

100
500 Ac.
100 Ac.
100 Ac.

.

,UUU,IM HI

J.
F.
J.
A.
M.
F.
M.
J.
I.
J.

Where

2,000,000
(?)
1,700.000
1,450,000

1,000

Til., 173 miles, of

000.

I

1.100,000
1,360,000

500 Ac.

017,204
501,011
51.132
155,874
-(V. 35, p. 374. 487, 575, 037; V. 30, p. 195, 298, 311>, 500; V. 37.
p.
479; V. 38. p. 87.)
....

1,800,000

1,000

1,271,452

0
6
1 to 0
0 g.
7 g.
>
g.
o g.

1,500.000
3.000.000

500

$

101,105

72,300

ODD ivC.

4,900,746
181,825
145,732

280,224

7
4 to 0

4,505.o00

1,000
1,000

$
8,905,312

8,580.397
$
4,428,231

1,000,000
3.500,000

1.000
500 Ac.

1882.

$

0
5
8
8
7
8
7
6
5 g.
7 S.

11,275,000
4,175,000
10,000,800

years:

$

Pay’ole

80,000

....

INCOME ACCOUNT.

1879.

Cent.

1,400,000

....

1809
1883
1807
1870

When

200,000
747,000

1,000
1,000

....

Rate per

2,815,000
1,483,000

1,000

to extend its business, got possession of the line
from Cairo to New
Orleans, ami invested largely in improving the
property.. No report of
•lie Southern line has been made, and the Illinois" Central
has.always
declined to publish any report of its net
income; but in 1883 its opera¬
tions are included in the 111. Cent. The III. Central owned
$ ).m>2,700
of the $10,u0o,000 stock, of which $4, 422,700 were
pledged against the
leased line 4 per cent stock, and the balance of
$ >,57oj'0 • was owned
absolutely by the Illinois Central, and in June.-1883, a distribution of
17 per cent in this stock was made to Illinois Central
stockholders.
The protits of the whole line, its against the increased
liabilities, will be
seen in

1883 and

Amount

500 Ac.
100 Ac.

1881

Bonds—Princi¬
pal,'When Due.
Payable, and by Stocks—Last

INTEREST OR DIVIDENDS.

Size or
par
Value.

'

see notes!

Illinois Central—( Continued) —
Bonds, coup. ($2,000,000) M. onCh. A Sp. RR
Bonds, reg., mortgage on Middle Div
Chic. St. Louis A N. 0.» 1st M. (N. O..T.A G. N.)....
do
do
2d M.
(lo
do
do
1st mort., (Miss.Cent.)
do
do
2d mort.,
do
do
do
1st mort
do
do
2d mort
do
do cons.M., gld. (for $18,000,000)
Illinois Midland— 1st mortgage, gold
Indiana Bloomington <£• West— Stock
1st mort., pref., coup, or reg
1st mortgage, coup., may be reg
Income bonds, reg., convertible
Consol, income bonds for $6,o00,000
2d mortgage, coupon or reg

Ithaca Auburn

[7oj.. XXXV.II.

Indiana Illinois A: Iowa.—In progress, and in
April, 1883, in
operation from Monicu.cc III., to N. Judsoii, Ind.., 110 miles. It is owned
by a syndicate, and neither stock nor bonds have been marketed. For
03 miles, Streator to Momouce,
$1,380,009 bonds were to be given. J.
I). Harvey, President, Chicago, Ill.
(V. 35, p. 373, 5 40, 575.)
Indianapolis
St. Louis.—Owns from Indianapolis to Terre
Haute, Iml., 72 miles; leased lint*. St. L. Al. & T. H. 189 miles, and
branches,- 0 miles; total operated. 207 miles. The old lease of the St. L.
A. A T. II. was guaranteed by three other
companies, and suit has been
pending as to the rental. The company was formmly controlled by
the Pennsylvania Company, which owned the stick of
$000,000, in
connection with the Cleveland Col. Cin. A Ind.
Interest- had not been
paid on the second mortgage and equipment bonds since April, 1878.
and on July 28, 1882, the road was sold in foreclosure for
$1,390,000
(subject to 1st mort.) and bought for Clev. Col. Cin. A Ind. Co. and a
new company organized September, 1862, with ,1.
H. Devereux as
President. A new lease was made of tin* St Louis Alton A Terre Haute
by which this company and the Cleveland Columbus Cincinnati A In¬
dianapolis are jointly liable for the rent of $450,000 per year as a mini¬
mum.
Of the first mortgage bonds series “A” are J. & J.; series
“B,”
M. A S.; series “C,” M. A N.
There has been a large deficit on this
company’s operations after dedueling the rentals paid, and in addition to the actual deficit of
$111,000 on operations in 1882 there were rentals of $401,814; inter
est, $227,500. The road is only incidentally of advantage to its own
ers as a

route to St. Louis.

Operations and earnings for four years past were:
Freight (ton)
Passengci
Gross
Years.
Miles.
Mileage.
Mileage.
Earnings.

1879
1SS0
1881
1882.

.

.

.

.

260
200

200
200

12.209,092
15,235,443
19.479,273

102,030,114
148,947,237
190,029,30 4

21.008,318

202,985,772

$1,493,870
-

Net

Earnings.
$491,149

2,009,922
2,0 48,051

008.413

187,070

2,080.770 df-111.008

(V..35, p. 103, 100, 211, 205, 297, 347. 373; V. 30, p. 80, 427.)
Indianapolis
Vincennes.—Owns from Indianapolis, Tnd.,
to
—

Vincennes, Dul.,

117

miles.

The

Pennsylvania Company

owns

a

eontrollinginterest in the stock and operates the road, advancing the
deficiency to pay interest on the bonds. The capital stock is $1,402,000;
tiie debt clue to

ings

Pennsylvania Co. is $07-4,092. In 1880 the net earn
$00,500; in 1881, $10,200; in 1882, $19,650.
Annual inter¬
debt amounts to $200,000.

were

est on

Iowa Falls A: Sioux City.—Owns from Iowa
Falls. Ta., to
Sioux City,
la., 184 miles.
This road was opened in 1870 and is
leased to the Illinois Central for 20 years from Oct.
1, 1807, at a rental
of 30 per cent of the gross earnings. The Illinois Central has an
option
of continuing thelease after 1887 at same rental.
This company also
receives a drawback of 10 per ct. on business to and from their line
over the Dub. A 8. City RR., and receives rental for 20
miles of its road
used by the Sioux City A St. Paul Co. In the
year ending March 31,
lS83,tho total rental was $307,243; receipts from sales of lands.
$530,000; the total income was $901,270, and :ill expenses,
-

dividends,

including

$52 1,824.' The contingent fund invested is $1,150,000.*
Lands
remaining unsold, 00,302 acres.
Horace Williams is Presi¬
dent. Clinton, la. (V. 34, p. 114, 662 ; V. 35. p. 347, V. 30.
p. 589.)
Itliaca Auburn A: Western.—Owns from Frecvillc to
Auburn,
N. Y.. 381e miles;'track to Corrinml, 11
miles, used. The New York
A Oswego Midland RR., Western Extension, was sold in
foreclosure,
and tins company organized Sept. 20, 1870.
The stock is $975,800.
On April 1, 1883,‘ was leased to Southern Central of New York for the
term of its charter, at a rental of
331.* per cent of gross car lings, with
guarantee that rental shall equal 4 per cent on lir.-t lhor gage
bonds.
Foree’o-ure is proposed by cons: nt. in order to change the form of bonds
according to lease. (V 30, p. 479.)

February,

RAILROAD

1884.

great favor by giving immediate

Subscribers will confer a

Miles

explanation of column headings, Ac., see
on tirst page of tables.

notes

Jacksonville Southeast— 1st mortgage

(Ilawlcy Branch)..
Carbondale)
Jeffersonville Madison d Indianapolis—Stock
Jefferson (l'a.)—1st A 2d molts.
1st mortgage (Susquehanna to

"

Jeff., Mad. A Ind., 1st M. (s. f. $i5,000 per year).
do
do
2d mort. ($100,000 iu 1882)..
Jersey City & Bergen—1st mortgage
Jersey Share Pine Creek d Huff'—1st mort., guar
Joliet it Northern Indiana—1st mort., guar by M. G.
Junction (Rhiladclphia).—1st mortgage
2d mortgage

Junction d Breakwater— Funded

notice of any .error discovered in tliese
INTEREST OR DIVIDENDS.

DESCRIPTION.
For

43

BOKDS.

AKD

STOCKS

debt (Del. St. loan)

2d mortgage
Kansas Central—1st mortgage (for $3,200,000) ....
Kansas City Fort Scott d Gulf— Stock,- common.....
Stock, preferred
1st mortgage, land, grant, sjnic fund
Mortgage on branches
do
do
Kansas City Spring field d Memphis—1st mort

Kentucky Central—Stock

of

Road. Bonds

Size,

or

Amount

Par
Value.

Outstanding

$300,000

1880

$1,000

1867
1869

1,000

300 600

1.000
100

159

1866
1870

1,000
1,000

2,000,600
2.000,600
2,66o,000

....

....

159
6
....

44
30

3\6
45
....

1 68
3-9
389
1 59
196
26

281
150

....

1883
1877
1862
1865

....

1,000
1,000
1,000

1 8(50

187(5
1881

....

....

1.000

....

....

....

....

1879
1880
1882
1883

1,000
1.000
1,000

....

....

1855*

1.000
1.000

'

375,000
3.500.000
800.000
425.000

4
4
6
3

400,000
250,000
1,3 i 8,000

4,618,000
2,750,000
2,500,400
2.374,000
212,000
7,000,000
5,584,800

4
/
r*

4

5

6
1

7
7

220.000

General mortgage
Keokuk dDes Moines—1st M., mt.guar.

C. R. I. A P.

150
162

1881
1878

1,000
100 Ac.

N.

A. A 0.
J. A J.
J. A J.

J.

4 fg
6

300.000

Whom.

.

J.
J.
A
J.
F.
A.
F.
F.
J.
M.
F.
M.
M.
J.

Y., Farm. L. A T. Co.
no

do

-

do

do

A D. Pliila. P. A R. RR. Co.
A J. N. Y.. Farm. L. A T. Co
A J. Pliila., 233 So. 4th St
do
do
A O.
A J. Lewes. Del., Treasurer.
do
do
A A.
A O. Office, 195 Broadway.
Boston.
A A.
do
A A.
A J. Bost., Nat. Webster Bk.
do
do
A S.
do
do
A A.
Boston. Office.
A N.
Cincinnati.
A N.
A D. N. Y., Bank of America
.

A

Co
Y.,Farm. L. A T. Co

J. N. Y., Morton. B. A

J.

5

A. A O. N.

’

Jacksonville Southeastern.—Owns from Jacksonville to Litch¬
field, Ill., 54 miles. This was the Jacksonville Northwest. & Southeast.
RE., projected from Jacksonville to Mt. Vernon, 125 miles,
were issued at $20,000 per mile, amounting to $000,009.
In 1879 the

Bonds
company was reorganized by the bondholders under this name. In 1880
.■the road was extended 23 miles and bonds issued. Stock $1,000,000. In
year ending June 30, 1882,’ gross earnings. $117,117; net, $23,924.
W. S. Hook,

President, Jaeksom il!e, Ill.

(V. 35, p. 625.)

Jefferson.—Owns from Susquehanna Depot, Pa., to Carbomlale, Pa.
#7 miles; branch, Hawley, Pa., to Ilonesdale, Pa., 8 miles; total, 45
miles. Leased in perpetuity to the Erie Railway for $140,000 per
annum, and now operated by the N. Y. Lake Erie A West.
Capita!
•tock, $2,096,050. Samuel Hines, President, Scranton, Pa.
Jeffersonville U|adison A Indianapolis.—Owns from Louis¬
ville, Ky., to Indianapolis, Ind., 110 miles; branches—Madison, Ind., to
Columbus, Ind., 40 miles; Columbus. Ind., to Sheibyville, Ind., 24 miles;

Jeffersonville, Ind., to New Albany, Ind., 0 miles; Shelby A Rush RR.,
18 miles; Cambridge Extension, 20 miles; total operated, 224 miles.
The road was leased to Pennsylvania Company from 1873, with a guar¬
antee of Interest on bonds and 7 per cent on stock. Lease was modified
from January 1, 1880, the lessees to pay over all the net earnings to
the.T. M. Sc I. Co. In 1881 the Penn. Company purchased $1,939,000 of
the stock. Dividends were at the rate of 7 per cent per annum till
May, 1880, and reduced afterward. In 1882 interest on bonds was

leaving a deficit for the year of
largely since 1880. Earn¬

$329,000 and sinking fund $160,000,

$7^,018. Operating

expenses have increased
ings for four years past were as follows:
Miles
•
Years.
Gross Earn.
186
1879
$1,246,333
1880.*.
186
1,388,565
1881
186
1,462,802
1882..
201
1,545,198

Net Earn. Div. p. c.
$192,863
7
* 6^
541,538
365,043
3
356,807
nil.

Jersey City Sc Bergen.—Owns from Jersey City to Bergen Point.,
6 miles. I li 1884 ’ gross earnings, $52 1,511; netf $104,678; in
1882, gross. $283,884; net, $86,105. Stock. $250,000. Dividends 10

N. J.,

per

eeiit in 1883. C. B. Thurston, President, Jersey City.

Jersey Shore Pine Creek & Buffalo.—From Catawissa Junc¬
tion to Stokesdab* on the Corning C. A A. Road, 75 miles.
It is a con¬

nection between Philadelphia Sc Reading lines and N. Y. Central, and
bonds are. guaranteed by those companies and the Corning C. A A.,
on the condition that guarantors shall advance money for interest if
needed and take 2d moitga'.e bombs for such advances. Stock and
bonds mostlv-la id by Mr. W. II. Vanderbilt and no intormation. See V.
36, p. 54, 560, 675.
Joliet Sc Northern Indiana.—Owns from Joliet, Til., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central
mainline. Road opened in 1854 and leased to the Mich. Cent. Above
issue of bonds definitely guaranteed was given as a compromise in

place of old 8 per cent bonds.

Stock ($300,060) carries dividends

per cent per annum.
Junction (Philadelphia).—Owns

of 8

from Belmont, Pa., to Grav’s

Ferry, Pa., about 4 miles It connects the Pennsylvania, the Phila¬
delphia & Reading and the Philadelphia, Wilmington Sc Baltimore rail¬
roads, coming into Philadelphia. Capital stock, $250,000.
Net earn¬
ings in 1881, $69,956 ; in 1883, $124,920. Dividends are paid according
to

20 per cent paid in 188 ;.

receipts;

Junction A: Breakwater.—Owns from Harrington to Lewes. Del.,
,40 miles; branch t<> Rchoboth, 5 miles; total, operated, 45 miles. In
1883 voted to consolidate with Break water Sc Frank ford an 1 the Worces¬
ter railroads. Gross earnings. 1881, $S3,693; net. $30,924. Gross in 1883,

$112,864;

net, *$51,1 19.

Stock is $306,006.

N. L. MeCready, Presi¬

(V. 34, p. 625.)
Kan*as Central.—Owns from Leavenworth to Miltonvale, 108
miles. Sold under foreclosure of lirst mortgage April 14, 1879.
Reor¬
ganized April, 1879. Gross earnings in 1882, $169,554; mt. $5,804;
deficit after payment of interest, $70 575. Stock, $1,348,000. Union
Pacific holds $1,313,400 of the stock and $1,102,000 bonds. Sidney

dent, New York City.

Dillon. President.
Kansas

City Fort

Gulf.—Mileage is as follows:
Springs, 160 miles; brandies—Weir

Scott Sc

Mainline—Kansas City to Baxter

City to Cherry\ alio. 50 miles ; Arcadia to Coal Mines. 2 miles; Baxter
Springs to Webb City, 22 miles; Rich Hill Junction*to Carbon Centre
and Rich Hill, 28 miles; Fort Scott Junction to Springfield, 160; Coalvale to Cherokee, 26. Total operated. Dec. 31, 1882, 387 miles.
This company was organized April 1, 1879. as successor to the
Missouri River Fort Scott A Gulf, which made default October 8.
1873, and was sold in foreclosure February 4,1879. The first mort¬

bondholders of the old road took SOper cent in the new mort¬
bonds, and-for all other claims stock was issued. The branches
by this company and bonds are guaranteed.
The annual repoit for 1882 was in V. 36. p. 452.
Operations and earn¬
ings for three years past have been as follows:
gage
gage

nave

been luilt mainly

1880.

Miles

operat'd (ine. narr’w gnu: e)

Total gross earnings
Total operating expenses




Net earn

—..

1881.

1882.

285
$1,212,364
OSn.lll

365
$1,503,215

830,451

3-9
$1,703,199
1,003,625

$">31,923

$672,761

$699,574

July 1, 1010
1887 A 1880
Jan. 1, 1889

May, 1881
1, 1906
July 1, 1910
Jan. 1, 1903
Oet.

1933

July 10, 1907
Jiil.v 1. 1912
April 1. 1900
1890

Fel>., 1896

April 1, 1911
Feb. 15. 1884
Feb. 15, 1884

July 1, 1908
Sept. 1, 1910
Aug. 1, 1922

May 1, 1923
May, 1881
June, 1885

;

6

6,380,000
2,750,000

Stocks—Last
Dividend.

A J. .N. Y., Am. Ex. Nat, Bk
Ilonesdale Nat. Bank.
A J
A J 'N. Y., by Erie Railroad.

Q.-F.

1*3

400.000

Maysville Division mortgage.

J.
J.
J.

0
7
7

pal,When Due

Payable, and by

Payable

7
7
7
6
7

2,000,000

Where

When

Rate per
Cent.

J

54
9
38
224

80

3d mortgage

Date
of

Tables.
Honda—Prinoi

July 1,
Oct.

'l911

1, 1923

"

INCOME ACCOUNT.

Receipts—
Net earnings

(inc. narrow gauge).

1880.

"1881.

_

1882.

$750,319

$663,901

$525,915

15,051

Total income
Ristm rse men ts—
Interest on K. 0. F. 8.A G. bonds.
Interest on leased line’s bonds...
Dividends

25,966

$584,130

Interest, Ac

58,215

$689,867

$765,370

$234,350

$200,059

36,936
219,837

125.536
312,700

$182,856
162,629

'

312,872

20,330

26,830

11,360

5,241

8,980

Total disbursements
Balance, surplus

$502,483

$663,866

$694,167

$81,647

$26,001

$71,2C3

-(V. 35, p. 457; V. 36, p. 312, 4

4 52 ; V. 37, p.

Sinking fund

,

Miscellaneous

48, 342.)

ITIemplils.—This organization em¬
of Missouri and of Arkansas to
to Memphis, Tenn., 381 miles.

Kansas City Springfield Sc
braces two corporations under the laws
build a road from Springfield, Mo.,

The Kansas City Ft. Scott A Gulf will
appropriate 15 per cent of gross earnings on business to or from the
new road to pay interest on the bonds, if needed.
Each holder of 50
shares Kansas City Ft. Scott A Gulf stock had the right to take $1,500
in stock of the new Missouri corporation for $1,500 iu cash, with $2,000
of the bonds for $500 in cash—making $3,500 for $2,000 cash.
(V. 35,
p. 71, 297, 313, 546, 762, 763; V. 36, p. 453; V. 37, p. 424.)
Road finished October, 1883.

Kentucky Central.—Owns from Covington,

Ky., to Lexington,

Paris, Ky., to Maysville, Ky., 50 miles; total
operated, 150 miles. This was formerly the Covington A Lex. ItR.,which
foreclosed in 1859. In 1875 the present company was formed, and
was
took possession May 1. 1875. The Maysv. A Lex. RIt. was taken Nov.
17, 1876. In June, 1881, a majority of the stock was purchased by Mr.
C. P. Huntington of the Chesapeake A Ohio road, and an extension
from Paris to Livingston. Ky., 70 miles, will be completed in 1884.
Enough of the general mortgage is reserved to retire the third mortgage,
due 1885. The fiscal year now ends Dec. 31. Annual report fir 1882
in Chronicle. V. 36. p. 534, stated that this company had leased of tho
Louisv. A Nashv. RR. its Richmond branch for 99 years from Jan 1,
1883. for $2 1,000 per annum, with a right to purchase at any time for
$100,0; 0. The fixed charges of the company will now be $429,160. In
Feb., 1884. the company needing more money, it was proposed to assess
the slock lo per cent and reque-t the gem ml mortgage bondholders to
take 4 per cent interest for tim e years’instead of 6. 8ee tlie follow¬
ing statement in Chronicle. V. 38. p. 177: •• This rai road <v lqpany, of
widen Mr. C. 1’ Huntington is President, is in want of more money. At
Cincinnati, on Feb 3. a i informal meeting of bond and stock,holders of
the Kcntnckv Cent al was held for the purpose of devising ways and
means for raising money.
It was final y agreed to request the holders
of the st ck t“ subscribe 10 per cent, That, is $ o a share, which would
produce about $600,000.- Of the $0,000,nOo of < omolidafed bonds
issued by the company, $60 ».<>00 arc, unsold; but of that amount
$2 0.000 are to be held in reserve for the purpose of retiring tin* third
mortgage 7 per cm t bonds due June 1, 1885. The. remaining $337.i 00
of the consolidated bonds it is proposed to se 1 a d from that sale about
$275,060 might be rcalizid. A number of the stockholders arc. also
bondholders, and it was decided at ilie meeting to reque-t the. bondhold* -rs to scale down the int. rest on their bonds for three y« ars, and
take 4 p;*r cent instead of 6
It is proposed to do this in order* to secure
money for completing the Livingston extension and putting better¬
ments on the roud.
How the minority stock and bond holders will act;
in the math r is a question yet to be decided..” - Opera dons and earnings
Ky., 100 miles, and

for two years

Receipts—

have been:

INCOME ACCOUNT.

$724,363

$28,000

Total gross earnings
Net earnings
J)isb u rsem en ts—
Rentals paid
Interest on debt.
Taxes

$28,000
130,630

70,875
17,732
73,252
23,885

Dividends
Miscellaneous

$213,744
$728

Total disbursements
Balance surplus

(V. 36, p. 252, 53 4 ; V.

1882.

1881.
$705,127
$214,472

•

$309,273

20^412

$179,042

$130,231

37, p. 23 ; V. 38, p. 114, 177.)

Keokuk Sc Des Itlolnes.— Owns from Keokuk, la., to Dos Moines
la., 162 miles. This was a reorganization, Jgn. I, 1874, of the Den
Moines Valley Eastern Div., sold in foreclosure October 17, 1873.
The property was leased for 45 years from Oct. 1, 1878, to the Chicago
flock Island A Par. RR. on the terms following : that the lessee pay 25 per
cent of the gross earnings to this company, hut guarantee the
(not ri».. principal) on tin* pre sent bonds. The stock is $1,524,600 of 8
per ecni. preferred and $2,600,400 of common, a majority of which is
held by tile lessee. In the year 1882-83 gross earnings were $5: 4,106,
and rental, at 25 per rent, $133,616. leaving $3,833 deficit on the inter¬
est charge paid by lessee. A dividen l of 1
per <a*nt on preferred stock

"interest

was

paid December, 1881.' (V. 35, p. 737;

V. 38, p. 148.)

44

RAILROAD

STOCKS

AND

BONDS.

[vol. xxxvrq.

m
Subscribers will confer

great lavor by giving immediate notice of any error discovered in these Tables*

a

1

DESCRIPTION.
For explanation of column headings, Ac.,
on first page of tables.

Lackatcanna i£

'S?

•fit:

Milefi
Date Size, or
of
of
Par
see notes
Road. Bonds Value.

Eitlsburg—Marti;. (for $2,000,000)

Income bonds (for

$! ,000,000)

Allegany Cent., 1st mortgage, gold
do
2d

62
62

mortgage, gold
Income mort., not cumulati

do

3*86

Lake Erie <£• Western—Stock

1st mortgage, gold
Income bonds convertible (not

165

cumulative)
Sandusky Extension, 1st mortgage
do

do

....

21
21
200
200
50

income bonds

Lafajrette Bloom. & Muncie, 1st

mort., gold
do
do
income M. con. (non-cumul.)
Lake Ontario Southern— 1st mortgage, gold
Lake Shore& Michigan Southern—Stock
1,339
Guaranteed 10 per cent stock
Consoi. 1st mort., (sink, fund, 1 per cent) coupon.
864
do
do
do
864
registered
Consol. 2d mort., do. (for $25,000,000) coup.A reg.
864
Lake Shore dividend bonds
258
1st mortgage, sinking fund, M. S. A N. I
451
3d mortgage (C., P. A A. RR.) registered bonds..
95
1st mortgage (C. A Tol. RR.) sinking fund
162
2d mortgage
162
do
Buffalo A State line, mortgage bonds
88
Buffalo A Erie, mortgage bonds
88
Det. Monroe A Tol., 1st mort., coup., guar
62
Kalamazoo & White Pigeon, 1st mortgage
37
Schoolcraft & Three Rivers, 1st mortgage
12
Kalamazoo A Schoolcraft, 1st mortgage.
13

it!

&

Outstanding

$....

;

1883
1881
1882
1882

Rato per

When

Cent.

Payable

1,000
1,000
1,000
1,000
1,000
1,000

7
6
7
6 g.
•7
9 S2
5

600.000

2,500 OCC

1,000,000

1.000
100
100
1.000

994,300

49,466,500
533,500

1870
1870
1873
1869
1855
1867

1,000
1,000
1,0001,000
1,000

1855
1866

1,000
1,000

1866
1868
1876
1869
1867
1867

1,000
500 Ac.

s
/

q tdr nr.ri

Of / V/O^vVV/

f
l

21,192,000
1,356.000

5,240,000
920,000
1,595,000
849,000
300,000
2,784,000
924,000
*

1,000
1,000
1,000
1,00a

400,000
100,000
100,000

F. A A,'N.

August.

Payable, and by
Whom.

Jan’ary

6 g.

150,000
300,000
7,70.),000
1,815,000
1,485 000
327,000

A. A O.

6

CO
600,000

500 Ac.

Where

6
6
6 g.
6 g.

$1,000,000

1,000

1879
1879
1880
1880
1870
1879
1880

Bonds—Princi
pal .When Due
Stocks—Last
Dividend.

INTEREST OR DIVIDENDS.

Amount

New Yo:k.

April 1, 1923
April 1, 10*23
J. A J. N.Y., Post,Martin A Co. Jan. 1, 1&22
,

....

Jan.

Y., Metropolitan Bk.
do
do

F. A A.

Aug. 15.1919
15, 1899
1, 1919
1, 1920
1, 1919
1, 1899
1, 1906
Feb. 1, 1884
Feb. 1. 1884
July 1, 1900
July 1, 1900
Dee. 1. 1903
April 1, 1899
May 1, 1885

da
do

Aug.
Aug.
Aug.
May
May
July

....

M. A N. N. Y.,

Yearly.

Metropolitan Bk.

do

do

0. N. Y., Union Trust Co.
Q.-F. N.Y.,Grand Cent.Office.
F. A A.
do
do
A. A

7
7

•J.

7
7
7
7
7
7
7
7
7
7
8

J.

A

J.

-1

Q.-J.

A D.

A. A O.

M. A N.
A. A 0.
J. A J.
A. A O.
M. A 8.
A. A 0.
F. A A.
J. A J.
J. A J.
J. A J.

8

Coupons

are paid by
Treasnr’r at Gr’nd
Central Depot, N.

Oct,

registered]
interest
by Union

Company.

•

1, 1892

July
April
Sept.
April
Aug.

Y.t and
Trust

1, 1912

1,
1,
1,
1,
1,

1885
1886
1886

1898
1906

Jau.

1, 1890
July 1, 1887
July 1, 1887

.

Lackawanna & Pittsburg.—A consolidation in April, 1883, of
the Allegany Central and the Lackawanna A Western. Road operated

ownership of tlicir stock. The New York Chicago A St. Louis road is
similarly eonti oiled by the purchase made in 1882. The Chicago &
Canada Southern is also operated by the Lake Shore & Michigan South.
Stocks and Bonds.—The guaranteed stock of $533,500 carries 10 pei
The last-named line is 3 ft. gauge and the others standard gauge. Capi¬ cent-dividends. The ordinary
stock has paid the following dividends
tal stock$5,000,000,of which $1,500,000 is preferred. The A. C. 1st since 1870, viz.: In 1871,8; in 1872,8; in
1873,4; in 1874, 3*4: in
mort. bonds are redeemable any time at 105.
Archer N. Maitin, Pres’t, 1875,2: in 1876, 3*4; in 1877, 2; ip 1878, 4; in 1879,6^; in 1880,
N. Y. City.
(V. 3 i. p. 453; V. 38, p. 202.)
1881,1882 and 1883, 8 per cent each year. The range in pi ices of stock
Lake Erie
Western. —Owns from Sandusky to Fremont, 22 since 1870 has been: In 1871, 85^® 116*4; 1872. 83Lj®98*4; 1873,
miles; Fremont to Celina, 99 miles; branch to Minster, 10 miles; 57i4«9734; 1874, 6778@8458; 1875, 51*4®80**; 1876, 4834®»i8V,
1877, 45ft733g;
1878, 5578®715s: 1879, 67 5/108; 1880,. 93&1395g;
Celina to Muncie, 54 miles; Muncie to Illinois State line, 120 miles;
1881, 1123^13534; 1882, 98® 120*8; in 1883, 92
Illinois State line to Bloomington, 81 miles; total operated, 386 miles.
1147e 5 in 1884 to
This was a consolidation, Dee. 12,1879, of the Lafayette Bloomington A Feb. 16, 93hB® 10'3 58.
The first consolidated mortgage bonds are redeemed each year by
Muncie and the Lake Erie A Western. The line embraces the former
The above bonds of all
Lafayette Bloomington A Mississippi road and the Lake Erie A Louis $250,000 contributed to the "sinking fund.
classes outstanding are given less tlie amounts held in the
ville. There are also $140,000 in car trust certificates outstanding.
sinking
The earnings of the road during the past two years have shown a con¬ funds, which amounted to $3,000,600 Dee. 31,1882, of which $2,700,(00
were first consolidated bonds.
siderable deficit, which in the last report (V. 37, p. 508,) is referred to as
follows: *• The deficit as shown upon these reports (for three
Operations, Finances. Ac.—The annual reports of this company ate
years) is
$344,478, which has been provided for by loan in such manner as not to models of clearness in all the statistical matter. The road is greatly
embarrass the company. This deficit is mainly due to the failure of the dependent on thiough traffic, or traffic from competitive points, and is
crops upon the line, a misfortune common to‘ railroads in Illinois and therefore peculiaily assailable by any cutting of rates wr trunk Line
Indiana, the large payments made upon equipment, and large construc¬ business. InlS81 the average gross receipts per ton per mile on all
freight fell to *617 of a cent and the profit per ton per mile to *203 of a
tion expenses, which have been charged into the operating account.”
The fiscal year of this company t•minates June 30.
cent, and on the improvement- in I8S2 the receipts were only -628 of a
cent and profit 2,5 of a cent—so sharp .is the competition between
INCOME ACCOUNT.
Buffalo and Chicago. In 1882, 140,500 shares pref. stock and 124,000
1881-82.
1882-83.
shares of common stock of the N. Y. Chicago A St. Louis RR. (a con¬
$1,424,013
$1,503,523
Operating expenses
1,140,989
1,304,389 trolling interest) were purchased and $6,500,000 of Lake S. A Mich.
S. 2d consol, mortgage bonds issued to pay for it,'making an additional
Net earnings
$283,024
$199,134 interest charge of $456,890 per annum, which can only be-compen¬
sated when the N. Y. Chic. A St. L. pays dividends on its stock. This
Rentals paid
13,091
9,645
Jan., 1884, from Lackawanna Junction, New York to, Perkinsville. 42
miles; Swain's to Nuiula, 12 miles, and Olean to Angelica, 40 miles.

I *:

If:

.

Net inct

$269,932

$189,489

$278,520
13,733
92,551
20,000

$278,520

$404,804

me

$464,734

Paym’te other than op. exp. and rentals—
Interest
Interest

on

bonds

on

floating debt

Construction of
Additional

new

work

equipment

Total

12,133
130,547

43,534

BALANCE SHEET JULY 1.

Liabilities-1

Capital stock

1881-82.
w

Funded debt.
Interest unpaid—not due
Bills payable
Vouchers and accoun s
Other liabilities
Total
Asset)—

$7,700,000
7,887,000
83,883
48,Ot 0

162,172
80,289

138,879
$16,194,226

$14,715,557
929,536
U. S. Government Post Office Department
5,993
United states Express Company
2,000
Accounts receivable
2,788
Due from agents and companies
45,715
Materials and supplies
129,285

$14,715,557
1,034,946

Equipment

Cash on hand
Debit balance

61.233
69.233

5,993
2,000

ir

Lake

Shore A:
Michigan Southern.—(See Map )—Line of
Road—Buffalo, N. Y., to Chicago, Ill., 540 miles; branches owned, 324 m.
Other lines owned as follows: Detr. Mon. A Tol., 62 miles; Kalamazoo A
White Pigeon, 37 miles; Northern Central (Mich.). 61 miles; total, 160
miles. Roans leased are as follows: Kalamazoo Allegan A Gr. Rapids,
58 miles; Jamestown A Franklin, 51 miles; Mahoning Coal R., 43 miles
Detroit Hills. A

Southwest., 65 miles; Fort Wayne A Jackson, 98 miles;
total, 315 miles. Total road owned leased, and operated, 1,339 miles.
Organization, Ac.—This company was a consolidation of the Lake
Shore RR. and Michigan Southern A North. Indiana RR.
May 27, 1869
and the Buffalo & Erie RR. August 16, 1869. The consolidated line em

braces the former roads of the Cleveland & Toledo ami the Cleveland
Painesvillc & Ashtabula railroads.
The stocks of some of tlie railroads
which entered into the consolidation forming the Lake Shore A Michigan
Southern road haul been largely increased by stock distributions, and on
the liues between Buffalo and Toledo the profits had been so
large that
the capital of several of the companies had been
repeatedlv watered.
The consolidated line (including Detroit Monroe A Toledo) then em¬
braced 927 miles, with $34,938,000 stock and $22,283,0u0 funded debt.
The Detroit Monroe A* Toledo, Kalamazoo & White
Pigeon, and the
Northern Central of Michigan, are proprietary roads controlled
by




1882.’

earnings
Operating expenses
Percentage of earnings
Net

$18,225,639
11,057,807
(60-67)

.7

1883,
$18,550,000
10,975,000
(59 17)

$7,167,^32
3,027,0.0

$7,575,000
3,550,060

$4,140,832

Gross

$4,025,000

earnings.

Int., rentals and divs.

on

guar, stock...

Balance

Equals per share
Dividends, 8 per cent

(8 37)

(8-14)

3,957.320

3.957,320

*

Surplus

$183,512
$67,680
1883 the net earnings w ere $407,168 larger than ir.
1882, while interest charges. Ac., increased $523,000.
Tne annual report for .882 was published in V. 36, p. 508, containing
the tables below, showing the earnings and income account for a.series
For the full year

of years:

FISCAL RESULTS.

1879.

Earnings—
.

Mail, exp., rents, Ac.
.

Operating

1880.

1881.

18S2.

expenses.

Net earnings

$
3,138,004
11,288,260
845,228

$
3,761,008
14,077,294
911,159

$
4,134,789
12,659,987
1,176,615

15,271,492
8,934,524

18,749,461
10,418,105

17,971,391
11,278,428

18,225,63$

6,336,968

3-14,478

$15,961,134
$16,194,226
~(V. 35, p. 103, 454 ; V. 37, p. 266, 399, 421, 508, 563; V. 38, p. 114.)
Lake Ontario Southern.—Owns from Sodus Point, N. Y., to
Stanley, N. Y., 34 miles. This company was a consolidation, Dec. 2,
1879, of the Ontario South ami the Geneva Hornellsville & Pine Creek
railroads. Stock, $940,475. Gross earnings iu 1880-81, $31,088.
(V.
33, p. 412.)

719) gave the following
December, 1883, being

partly estimated:

'

4,927
26,887
27,813
31,623

Total

It *

not under Vanderbilt control '
Tlie prel minary statement for. 18.83 (V. 37. p.
for the.years 1882 and 1883, the earfiittgs for

1882-83.

$7,700,000
7,867,000
83,216
92,841
312,288

$15,961,134

Construction

purchase placed the Lake Shore in a new position, controlling two lines
from Buffa’o to. Chicago amt leaving only the Grand Trunk of Canada

8.331.356

6,69 >,963

7,167,932

1881.

1882.

$
6,692,963
238,675

7,167,832
99,392

$

4,897,185
12,022,577
1,305,977
11,057,807

INCOME ACCOUNT.

1879.

Receipts—

1880.

$

$
6,336,968
172,806

Net earnings.

Interest, divid’s, Ac.
l '
Total income....

$
257,489

2,016,955
53,350

Dividends, ordinary.

3,215,322

Rate of dividend
New cars A engines*.
Miscellaneous

208.662
'

6,509.774

Disbursemen ts—
Rentals paid.
Interest on debt
Dividends, guar

9.331.356

OLj

$

850,000
8,540,018
$
282,955
2,622,730
53,350
3,957,320
8

-

7,781,638
$

7,266,224

273,925

357.087

2,612,230
53,350
3,957,320

2,714,955
53,350

3,957,320

8

8

$

674,949
60.128

199,597

6,916,356
7,771.371
6,203,244
7,082,712
Balance, surplus
306,530
10,267
1,623,662
183,512
In~l 880 this item amounted to $700,000, hut was charged to operat¬
.

*

ing expenses, and in 18S2 it amounted to $1,019,000, but
iu general account.
-(V. 36, p. 508, 510, 707;

was

V. 37. «:411 422, 695, 707, 719.)

charged

9

Platt>bij$

•Forest
\

■Manlst

mil:' •

•.

s

-5

Sit!#,

/>
■

Cv

St.i£pj’eij^a

vT"

Ijlwiike^ P™r» «i»^[
.

1

1'..!

,' ■'.

i

A

•

t (‘'1 >

A

'.

OH«
runcli

M!>

■

jf

p|
1

Wu'

)h

''^Atlantic City-J

«

DHNUMr^




■•t.Ki.-,fi.v-..w.a,5i»M>r.v; ■•" “;'MP-yri?Whv<rt-,Y»KTiiwi>a

46

RAILROAD

Sabscribers will confer

a

For explanation of column headings, Ac., see notes
first page of tables.

Lake Shore <£ Michigan Southern—(Continued)—
.Kalamazoo Allegan A Gr. Rapids, 1st mortgage...
Kal. Allegan AGr. Rapids, stock, 0 p. e. guar
Jamestown A Franklin, 1st mortgage
Jamestown & Franklin, 2d mortgage
Lawrence—Stock
1st mortgage

Lehigh <£ Hudson Hirer— 1st mortgage, gold
Warwick Valley, 1st mortgage
:
do

2d mortgage

Lehigh <£ Lackawanna—1st A 2d mortgages
Lehigh Talley—Stock ($106,300 is prcf.j
1st mortgage, coupon and registered
2d mortgage, registered
Consol. mort.,gold, $ A £ (s. fd. 2 p.o. y’ly) cp.A rag.
Easton A Amboy. 1st mort., guar.(for $0,006,000)
Delano Land Company bonds, endorsed
Little Miami

-Stock,-common

Schuylkill—Stock

fjong Island—Stock
1st mortgage, extension
1st mortgage, Gleneove Br
1st mortgage, main

Miles
Date
of
of
Road. Bonds

58

”51
51

(Tol XXXVIII.

Size,

or
Par

1863
1869

Value.

Outstanding

$1,030

$640,000

1,000
1,000

610,000
335,000
500,000
450,000

1,000

329.000

22

17
41
22
22
25

323
101
10L

232
60

"84
1G3
165
170

1865
1881
1879
1681
1877

800,000
145,000
240,000

1,000

600,000
33.123,834

50

1868
1870
1873
1880
1872
1864
1882

1875
1883
1876
1881

1,000

5,000,000
6,000.000

1,000

1,000
1,000

13,686,000

1,000

1.395,000
4,637,300

2,500,000

50
1.000

1,000
500 Ac.

500

Ac.

1,000
50
50

1860
1868
1863

250,000
1,400,000
4,505,308
2.453.500
373,350

31
554

95

INTEREST OR DIVIDENDS.

Amount

50

186S

196

Street con. ist M. bds (jointly with Cin. A Ind.RR.)
Renewal mortgage
Little Rock <£* Fort Smith—Stock
1st mort., land grant sink, fund (for $3,000,000) ..
Funding coupon scrip
•
Little Rock Miss. River t£- Texas—1st mortgage
2d mortgage

Little

A

great favor by giving Immediate notiee of any error discovered in-these Tables.

DESCRIPTION.

on

STOCKS

500
500 Ac.
500

Lawrence.—Owns from Lawrence Junction, Pa., to Youngstown, O.,
18 miles; branch from Canfield Junction to Coal Fields, O., 4 miles; total
operated, 22 miles. The Lawrence Railroad was leased June 27, 1869,
to Pittsburg Fort Wayne A Chicago RR. at 40 per cent on gross earnings,
with $45,000 per year guaranteed as a minimum. Lease has been trans¬
ferred to Pennsylvania Co., by which the road is now operated. Gross
earnings in 1881, $193,000; in 1882. gross, $226,910; net, $107,191;
rental, $90,764. (V. 35, p. 20; V. 36, p. 252.)

Lehigh Sc Hudson River.—This road was opened
count, on Erie road, to Belvidero, N. J., 63 miles. August,

from Grey1882.
Con¬
solidation April. 1882. of the Lehigh A Hudson River and the Warwick
Valley roads. In addition to above there are $65,000 Wayawanda 6 per
cent bonds due 1900.
Stock, $1,340,000. In 1881 -32 gross earnings.

f83,691; Grinnell Burt, President, Warwick,earnings (V. 35, 102,
67,331. net, $28,444.
In 1892-83 gross N. Y. $163,780, net
p.

189, 298.'

1.871.500
1.106,000
2,487,850
10,000,000
175,000
150,000
1.121.500

above.

The

Rate per
When
Where Payable, and. by
Cent.
Whom.
Payable

8
3
7
7
.2
7
6

6
6
7
o

J.

A

J.

A. A O.

J.
J.

Q
F.
J.
A.
A.*
J.

A J.
A D.
-

A
A
A
A
A

J-

Stocks—Last
Dividend.

July 1, 1888

JSee preceding page. l

A. N.
J. N.
O.
O.
D.

Q.—J.

pal,When Due.

Pittsburg Office.
Y., Winslow. L. A Co.
Y., Nat. Exch. Bank.

Philadelphia.
Philadelphia, Office.
Reg. at office; cp.B’kN.A

6
7
6
5
7
2

J.
M.
J.
M.
J.

A D.
A S. Phila., Bank of N. Amer,
A D.
Philadelphia, Office,
AN.
do
do
do
A J.
do

6

Various Cinn., Lafayette Bank.
M. A N. N. Y., Bank of America.

Cincinnati.

Q.-M.

5
10 stock.
Boston, Treasurer.
I. A *J. N.Y.,Wm.C.SkeldouACo
7
.1. A J.
7
7
J. A J.
Boston, Co.’s Office.
A. A O.
7
do
do
J. A J.
3^
Philadelphia Office.
1
Q.-F. N.Y.,Corbin Bank’g Co.
7
do
M. A N.
do
6
M. A N.
do
do
7
M. A N.
do
do

Oct. 1, 1883
Var.to J’ly,’97
June. 1, 1894
Jan., 1884

Aug., 1895

July 1, 1911
1899
1911
Dec. 1, 1907
Jan.

15.1884

June, 1898

Sept., 1910
1898 A 1923
1920

Jan., 1892
Dee. 10. 1883
1894
Nov. 2, 1912

July 18, 1881
Jan.

1. 1905
1893
Jan. 1, 1908

1911

Jan.15,1881
Feb.

1, 1884

May, 1890
May, 1884
May, 1898

partnership agreomont

was dissolved Nov. 30, 1868, and a
by which the Col. A Xenia road, including its interest in
the above-named branches, was leased to the Little Miami for 99 years.
Oil December 1, 1869, the Little Miami, with all its branches, Ac.
was
leased to the Pittsburg Cincinnati A St. Louis Railroad Com
pany for 99 years, renewable forever.
The Pennsylvania Railroad
Company is a party to the contract and guarantees its faithful execution.
Road is now operated by Pittsburg Cin. A St. Louis Railway Co. Lease
rental is 8 per cent on $4,837,300, interest on debt and $5,000 per
annum for Little Miami Company’s expenses of organization ; the fulfil¬
ment of the lessor’s lease obligation is also stipulated.
In 1882 tho
gross earnings were $1,808,15 ); net. $105,350; lease rental, Ac., of
lessee, $671,365 ; loss to lessee, $266,015, against $267,467 in 1881.
Little Rock Sc Fort Smith.—Owns from Little Rock, Ark., to
Fort Smith, 165 miles; branches, 3 miles; total, 168.
In Dee., 1874,
the property (thou 100 miles), including tho laud grant, was sold in
foreclosure. This company afterwards built 65 miles, and opened the
road to Fort Smith July 1, 1876. Six coupons of July, 1876, and after
were funded into
7 per cent notes. Total of notes outstanding Doc.,
1882, $464,747. I11 June, 1333, it was proposed to fund into 10 year
contract made

Lehigh Sc Lackawanna.—Owns from Bethlehem, Pa., to Wind
This road was opened in 1867.
Gap, Pa., 25 miles.
It is leased
to the Lehigh Coal A Nav. Co., and operated, by Central RR. of Now
Jersey. Of the above bonds, $100,000 are a 1st'mort., and $500,000 2d
mort. Capital stock, $375,100. Gross earnings in 1881, $47,441; not,
scrip the coupons falling due July, 1883, and January, 188 L and pay
$16,526. Gross earnings in 1862, *53,83 >; net, $9,981.
off floating debt, on account of the suits pending in the U. S. Supreme
Lehigh Valley.—Owns from Philiipshurg (Pa. Line), N. J., to Court against this and others roads by the holders of Ark. State bonds.
Wilkesbarre, Pa., 104 miles; branches—Penn Haven to Audenried,
The animal report for 1832 was in the Chronicle, V. 36, p. 531. In
18 mites; Hazle Creek Bridge to Toniliicken (and branches). 32 miles; regard to tho smaller earnings in 1882 it said: “This is accounted,
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬ for
by the severe drought of 183 L, which ma le its influence felt until
tion to Mt. Carmel (and branches), 61 miles; Slatedale branch, 3 miles; the cotton crop of ISsg was fully assured; and, inasmuch as the move¬
Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to ment in the same did not commence much before
October, our monthly
Wilkesbarre, 10 miles; also owns the Easton A Amboy RR., Amboy, receipts until then showed a falling off from the previous year. Since
N. J., to Pennsylvania Line, 60 miles; total operated, 323 miles.
then the receipts have been steadily gaining over corresponding months
This is one of the most important of the coal roads, and was able to of
year before. The number of bales of cotton transported over tho
maintain moderate dividends in tin* years of depression when the otlior road in 1382 was
94,842, against 92,103 for the previous year; and
companies suspended. Dividends on the ordinary stock have been as from Jail. 1, 1683, to April 1, 1883, 33,038 bales, against 8,463 bales for
follows since 1870: In 1871. 1872. 1873, 1874 and 1875, 10 per cent
year before;
There were canceled in 1882, $145,000 bonds; canceled
previously, $113,500; total, $256,500. From Jan. 1, 1833, to April 14,
;
;
11882, 6 8j; in 1883, 8 percent. Prices of the common stock in Phila¬ 1683, the trustees canceled $51,500; total to April 14.1883, $310,000.”
delphia since 1877 were as follows: In 1878, 32:Vo>4214; in 1879. 334
The lands unsold Jan 1, 1883, amounted to 695,390 acres and land
®55; in 1880, 403>57:H; in 1881, 57*aa»64,4; in 1882, 58‘4®6734; in notes, $571,873; in 1881 47,73.3 acres were sold for $185,705; in 1832
1883, 63ft73'4 ; in 1884 to Feb. 16, 05'd«>717s.
49,431 acres sold for $167,587. I11 the year 1881 the gross earnings
New stock was allotted at par. in the proportion of ono now share were
$562,630; net. $260,745. In 1882 gross earnings were $539,133;
to holders of five old shares, anil the privilege expired Feb. 15, 1881. net.
$237,193; interest on bonds, $175,393; on floating debt, $51,004.
The stock was to be pai l for in instalments during 1881, but the total
J. II. C-inverse. President, Boston.
(V. 35, p. 317; V. 36, p. 2J. 103,
stock as increased is given above. The amount of $5,520,600 thus
531, 731; V. 37, p. 375, 39.), 424, 563; V. 38. p. 30.)
raised was for construction and improvements, and also to re-imbur.se
Little Rock Mississippi River Sc Texas,—Owns from Little
the company for the retirement of $1,300.000 sterling b ouls paid oft’.
Rock to Arkansas City, 113 miles: l'ripps to Warren. 53 miles; Rob
The fiscal year ends November 30. The last annual report was in
This com¬
the Chronicle, V. 38, p. 2ol.
It is one of the peculiarities of the Koy Junction to Micawber, 4 miles; total, 170 miles.
a reorganization of
A New
company’s annual report that no general balance sheet is given. The pany w;m and tin; Mississippithe Little Rock Pine BluffRailroad.Orleans
Railroad
Ouachita A Red River
Both
earnings, expenses and income account for the fiscal years ending Nov.
those companies received land grants and State aid bonds, and this com¬
30, were as follows :
pany is involved with others ns defendant in the suits by Arkansas State
1880-81.
1862-33.
1881-82.
Earnings—
bondholders. The coup ms due Jan. 1 were not paid, and scrip was
Coal freight
$6,678,590 $7,158,744 $7,401,796
offered to bondholders for two years' interest to be funded, in order to
Other freight
2,126.397
2,209,021
1,935,405 enable the
company to pay off a floating dost contracted in building 20
618,871
732,304
Passenger, mail, express, Ac
830,9 19
miles of new roa l built, in 1881, a id which the directors paid for with
Total gross earnings
$9,123.858 $10,160,069 $10,718,15 ' Mudr personal notes. As collat ;ral they took $100,000 in bonds. The
iutere-t on the first mortgage bonds amounted to $130,000 a year. Tho
5.333.677
4,018,0.84
Operating expenses
6,175,656
net receipts in 1882 were $108,000.
A washout cost $ jo.000 for
Net earnings
$4,775,774 $1,320,392 $4,042,491 repairs, besides causing a loss in traffic of $.30,000. Earnings in 1881,
$301,225; net, $12:).625; in 1862 gross, $321,862; net, $39,601. Tho
INCOME ACCOUNT.
Eiisha Atkins, President, Boston, Mass. (V. 35,
1880-81.
18S1-S2.
1332-83. stock is $3,594,600.
]). 162 ; V. 36, p. 108, 139.)
$
$
$
Receipts—
Net earnings
Little Schuylkill.—Owns from Port Clinton to Tamanend. 28
4,012.4 )1
4,7 / 5,71 4
4,320,392
Other receipts and interest
1.092,0 22
miles; branches, 3 miles; total operated, 31 miles.
968,268
1,079,243
Tho East Maltanoy RR., was leased Jan. 12,1863, for 99 years, and sub-leased to Phila.
Total income
5,744,012
5.134,516 A Reading July 7. 1868. The Little Solmykill Railroad is leased to the
5,405,035
Disburse men (s—
$
$
$
Philadelphia A Reading Railroad for 93 years from July 7, 1868, at a
Interest; on debt
2,268,313
2,019,734
2,031,675 fixed annual rental.
General, taxes, floating interest,
Long Island,—Owns from Long Island City, N. Y., to* Greenloss on Morris Canal, Ac
421.92 >
772,682
375,490
port, N. Y.. 95 miles; branches, 87 miles; total owned, 182 miles.
Dividends*
1,522,954
2.350,516
2.210,378 Leased—Smithtown A Pt. Jefferson RR,, 19*0miles; Stewart RR. to Beth3 47,944
551,349
Charged for accuin. depreciations 1,070,059
pago, 14*5; Stewart RR. to Hempstead, 1*8; New York A Rockaway
RR., 8-9; Brooklyn A Jamaica RR
9 6; Newtown A Flushing RR.,
Total disbursements
5,011,917 3 9 ; Brooklyn A Montauk, 67; Manhattan Beach RR 10 7; N. Y.
5,634.008
5,300,089
Bay
110,034
Balance, surplus
105,546
122,599 Ridge A Jam., 80 ; L. I. City A Mail. Boaeh, 1-4 ; Hunter’s Point A
So.
Side RR., 1*5 ; Far Rockaway branch, 9-4; L. I. City A Flushing RR.,
Hn 1881,10 on preferred and5^ on common; in 1862, 10 on pre¬
7 8.
Cotal leased and operated, 174 miles. The total of all the roads
ferred and 6*3 on common; in 1833, 10 on preferred and 8 on common
owned and operated is 354 miles.
—(V. 36, p. 80, 138, 169; V. 38, p. 09, &7, 201, 2o3.)
The Long Island Railroad went into the hands of a receiver October,
Little Miami.-Owns from Cincinnati, Ohio, to Springfield, Ohio. 1877, but in 1681 the company resumed possession. The second mort¬
84 miles; branen, Xenia, Oliio. to Dajffon, Ohio, 16 mites; leased, gage bonds were issued to take up floating debt of various classes.
Columbus A Xenia Railroad. Xenia to Columbus, Ohio, 55 miles;
The control of the company was sold to the “Lung Island Company,”
Dayton A Western Railroad, Dayton. 0..to Indiana State Line, 37 miles; controlled by Mr. Austin Corbin and others, in Dec.. 1880. In July,
Ohio State Line to Richmond, Ind.i 4 miles; total operated. 196 miles. The
1881, The, stock was increased from $3,260,700 to $10,000,000. but tho
Little Miami Railroad proper extends from Cincinnati to Springfield, but te ms of increase and price roaPzed on the additional stock have never
the portion between Xenia and Springfield is now operated as a brune 11;
been mule public.
Lu Aiuust, L-81, most of the holders of Smithfor the remainder of tho main line, as given above, the Col. A Xenia
town w Port Jefferson bonds and N. Y. A Rockaway bonds agreed to
road, Columbus to Xenia, is used. On Jan. 1.1865, they leased t lie Day- exchange their bonds for the consolidated mortgage, bearing 5 per cent.
toil A Wrist. (Dayton to Iml. State line) and the Rieli. A Miami (State line
No annual reports have been issued and the only information obtained
to Richmond), and on Feb. 4, 1865, purchased the road from Xenia to
is from the statistics furnished the State Engineer. The road has been
Dayton; these three roods go to form the branch of 57 miles given much improved in its operating department under the new management.

Baid; in 1876 9 ; in 1877, 5




in 1878, 1879 and 1880, 4 in 1881.5b2

,

,

Subscribers will confer

a great

first page

discovered in tliese Tables.
Bonds—Piinci

INTEREST OR DIVIDENDS.

explanation of column headings, Ac., sec notes
on

47

BONDS

favor by giving immediate notice of any error

DESCRIPTION.
For

AND

STOCKS

RAILROAD

1884.]

February,

of tables.

Date
Size, or
Par
of
Road. Bonds Value.

Miles
of

Amount

Outstanding

Rate per
Cent.

When

Payable

Where Payable,
Whom.

pal.When Due.

and by

Stocks—Last
Dividend.

.

tony Island— (Continued)—
2dmort. for tloating debt
Consol, mortgage, gold (for $5,000,000)
New York A Rbckaway, guar. int. only
Smithtown A Port Jefferson
Long Island City t£ Flushing—1st M.. coup, or

bonds (cumulative) ($350,000)
Newtown A Flushing, guar, by L. I. RR
Los Angelos d San Diego— 1st mortgage
Louisiana Western— 1st mortgage, gold
Louisville Evansville d St. Louis.—1st mort

150
104
10
19

10%
10%

reg.

Income

4

27
112

Income bonds

2,005
Louisville d Nashville— Stock
840
General mort., gold, coup, or reg. ($20,009,000).
Louisville loan, main stem (no mortgage)
02
Lebanon branch, Louisville loan
02
do
extension, Louisville loan
.

$1,500,000 Lebauon-Kuoxvillo extension mort..

Cecilian Branch, 1st mortgage
Consolidated 1st mortgage

•

•

•

172
46
392
130
83
135

Memphis A Ohio, 1st mort., sterling, guar
Memphis A Clarksville bt\. 1st mort., sterling....
Mort. on Ev. lieu. A N., gold
E. II. A N.deben., secured by $800,000 1st M. bds.
3d mort., trust, gold, sink. f<l., secured by pledge. 1,079
141
1st mortgage on New Orleans A Mobile RR
141
2d mortgage
do
do
189
Bonds sec’d by pledge of 2d mort. S.A N.Ala.RR..
....

1878
1881
1871
1871
1881
1881
1871
1880
1881
1880
1832
1881

$208,789

$lOOAc.
1,000

3,080,000
(?)
(?)
000,000

500
500

1,000
1,000

312,009

150,000

500

1,000

556,000

1,000

2,240,000

1,000

3,900,000
1,000,000

1,009

3,000,000
25,000,000
10,301,000

1,000
100

1,000

1880
....

-

.

230,000

1,000
1,000
1,000
1,000
1,000

1803
1881
1877
1808
1871
1872
1879
-

850.000

....

1850

333,000

Pledged.
1,000,000
7,070,000
3,500,000
2,135,910
2,400,000
507,400
10,000,000
5,000,000
1,000,000
2,000,000

£200
£200

1,000
....

.

1882
1880
1880

1,000
1.000
1.000
1,000

7
5
7
7
6
0
7
6
0 g.
0 g.
7 g.

4*

3
0 g.
0
6 A 7
0
0
7
7
7
0 g.
6 g.
0
6 g.
0 g.
0
0

Corbin Bank’g Co Aug. 1, 1918
do
July 1, 1931
do
do
April, 1901
do
do
Sept,. 1901
N.Y., Corbin Bank’g Co. May 1, 1911
do
do
May 1, 1931
do
do
May. 1931
N. Y., Central Pacific.
July 1, 1910
N. Y., Central Trust Co. July 1. 1921

F. A A. N. Y.,

Q.-J.

A. A
M. A
M. A
Jan.
M. A
J. A
J. A
A. A
M. A

O.
S.
N.
1
N.
J
J.

do

.

1920
1902
1920

0, New York and Boston.
do

S.

do

April.
F. A A.
J. A D.
A. A O.
Various
A. A O.
M. A S.
M. A S.
A. A O.
J. A I).
F. A A.
J. A D.
A. & 0.

L. A N. RR., 52 Wall St.
N. Y., Drexel, M. A Co.

Feb. 1,

1882
Junel, 1930

1880 A 1887
1885-80
Oct. 15, 1893
do
do
March 1, 1931
New York, Agency.
Mar. 1, 1907
N. Y., Drexel, M. A Co.
do
do
April, 1898
June 1, 1901
London, Baring Bros.
do
do
Aug., 1902
N. 5'., Drexel, M. A Co. Dec. 1, 1919
1883-84
New York Agency.
Q.—Mar N. Y., Drexel, M. A Co. Mar. 1, 1922
Jan. 1, 1930
do
do
J. A J.
Jan. 1, 1930
New York Agency.
,T. A J.
A. A O. N. Y., Drexei, M. A Co. April 1. 1910
New York Agency.

N.

Y., Drexel, M. A Co.

t

and the rise iu net earning* from $195,203 in 1880-81 to $1,001,275
in 1882-83, as also the relations with the Brooklyn & Montauk Co , and
other details concerning the progress and status of the L. I. KK. Co.
could be well shown in a pamphlet report by the company.
The fl-riuvs for 1882-83 from the returns to the New York State
authorities were published in Chronicle, V. 37, p. 005, and gave gross
earnings, Ac., and comparative statistics as follows :
1832-81.
1S31-82.
1880-81
1879-80.
354
352
328
Miles operated
320
Passengers carried, No
0,228,292 0,512,270 8.878,453 9,024,370
410,153
339,252
380,200
Freight (tons) moved
320.837
$
$
$
$ •
Earnings and Expenses~
Passenger earnings
1,102,404 1,237,837 1,008.771 1,095.177
634.098
718,743
507,055
Freight earnings
531,307
271,109
141,770
173.58S
Miscellaneous earnings .... 118,178

1,811,849

Net earnings
Lease rentals
Interest and sinking

Capital stock

1,940.608

445.993

Gross earnings
Expenses and taxes

190,296
92,500

1,305,850 1,750,372
105.399

fund..

228.121
3,200,700

2,713,072

Funded debt

Floating debt, Ac
Total liabilities

1,123,794

292.841

2,417,057
1,570,774

2,085,089
1,083.814

840.283

1,001,275

192,718
200,757

282.400
209.059

9,900,700 10,000,000 10.009.000
2,691,203 4,109,920 5,391.019
1,051,975 1,494,015 2.003,017

7,098.100 14,303,878 10,120,719 17,457,030

Improvement certificates, $33,730, at
cent; equipment certificates, $120,OoO. 7s; real estate mortgage,
$221,000,
time loans. $200,000, at 0 per cent,
—(V. 30, p. 5, 93, 731; V. 37, p. 479. 665.)
Long Island City Sc Flusliing.—Hoad from Long Island City to
Flushing, 11 miles. Tnisisa reorganization of the Flushing A North
Side road, foreclosed December 11,1880. The stock is $500,000; par,
$100. The income bonds are payable at will. Leaded to Long Island
RR. for 50 years, the lessee taking 60 per cent of gross earnings and
$17,500 for fixed charges. In 188L-82 gross earnings were $21 l,pi4. of
which 40 per cent to this company was $84,705. Alfred Sully, Presi¬
dent, New York City. (V. 30, p. 55.)
Los Angelos Sc San Diego.—Florence to Santa Alina, Cal., 27
miles.
Leased to < eutral Pacilie. and in 1882 the net earnings paid as
rental were $33,384. Capital stock $570,800. Clias. Crocker, President,
There are also Atlantic Avenue

7 per

*

San Francisco.

"'Louisiana

Western|—Owns from Vermillionvillc. La., to Sabine

River. 105 miles, leases extension in Texas, 7 miles; total, 112

miles,

and operated by the Texas a New Orleans Railroad under the same
control as the Southern Pacific and Galveston Harrisburg A San Antonio

lines, making part of the through line between New Orleans A Houston.
Earnings in 1881, $235,234 ; net, $137,020. In 1882 gross, $108,500;
net, $105,902. Stock is $3,300,000; (V. 38, p 196.)
Louisville Evansville Sc St. Louis.—Line of road, New Albany,
Ind.,to Mt. Vernon, Ills., 182 miles; branches to Jasper A Gentry ville, 73
miles; total, 255 miles; opened for through business Oct., 1882. The
road is the reorganized Louisville New Albany A St. Louis, foreclosed
in 1878. In Oct., 1881, a consolidation was made with the Evansv. Rockport A Eastern, with a total capital of $0,000,000. The first mortgage,
as above given, includes $900,000 of E. R. A E. 1st mortgage bonds,
interest January and July.
There are also $571,475 Car Trust
certificates. In March, 1883, the 1st and 2d mortgage bondholders
were requested to fund four coupons, viz.: from April 1, 1883, to Mar. 1,
1885. In 1882 gross earnings were $258,835; net, $102,157. Jonas H.
Frengh, President, Boston, Mass. (V. 35, p. 103, 131, 211; V. 36, p.

Organization, Leases, Ac.—The

Louisville A Nashville was chartered

March 2. 1850, and opened between Louisville and Nashville November,
1859. The Memphis branch, completed in ISO J, was operated in con¬
nection with the Memphis A Ohio and Memphis Clarksville A Louisville
were purchased by the L. A N.
The other roads ombraced
system have been purchased outright or are controlled absolutely
by owneiMiip of a majority of the stock, except those under lenses, as
above described. The liabilities for interest are treated mostly as
belonging directly to the Louisville A Nashville Company, and the
rental ” charges, so-called, are very moderate.
In 1879 tlie mileage
was only 973, and in the one year following it nearly doubled, increas¬
ing to 1,839 in 1830.
The Southeast. A St. Louis RR., which was reor¬
ganized after foreclosure of the St. Louis A Southeastern, Nov. 10,
1880, is leased to the Louisville A Nashville for 49 years, and the L. A
N. issues its bonds as above, secured on the road, about 210 miles long
in Indiana and Illinois. Tiiere is also $999,500 of S. E. A St. L. stock.
The fiscal year ends June 30. Annual election is held early in October.
Stock and Bonds.—At the close of the fiscal year (June 30) 1880 the
capital stock was $9,059,361. and in Nov., 1830, the stock dividend of
10O per cent was made, raising the amount to $18,133,513.
In October.
1882, the company listed at the Stock Exchange $3,080,000 stock sola
by the city of Louisville, raising the stock outstanding to $21,213,513,
aiid the stockholders also authorized the increase of the capital to
$3 >,0 ip,<)t‘0 in all, the addition to be issued as required, of which
$3,730,487 was then listed, raising the amount to $25,000,000. All the
dividends paid since 1870 were as follows: In 1871, 7 per cent; in
1872, 7 per cent; in 1873, 7 per cent; in 1877, 1*2 per cent; in 1878, 3
percent; in 1879. 4; in 1880. 8, and 100 per cent mistook; in 1881, 6;
in 1832, 3.
Prices of the stock from 1872 to date have been: In 1873,
5U®79; iu 1874, 53 3 59; in 1375. 301oa/40; in 1870, none; in 1877,
(•203)41; in 1378, 35 339; in 1879, 35 389V, in 1880. 773174 ; in 1881,
793110V in 1882, 40^3100V, in 1883, dO^SSV, in 1884 to Feb.

roads, which

in the

“

10, 42\'a 50.
The general mortgage of 1330 is for $20,000,000, of which $9,710,000
is reserved to pay oil prior liens, and the mortgage covers 840 miles of
road subject
amounting to tluit sum The L. A N. Lebanon-

to‘liens

Knoxville bonds of 1881 cover 110 miles, subject to prior liens, and 62
miles from Livingston to State line as a first lieu. The Pen. A Atlantic
is a separate company and the bonds are not a direct liability of the
L. A N. Co.
The 3d mortgage trust bonds of 1882 arc secured by pledge of a

large amount of stocks and bonds belonging to the L. A N. Company
and held as collateral security by the trustee of the mortgage. Tlio
securities pledged are ns follows, to wit : Bonds —1,509 L. A N. RR. Co.,
Lebanon A Knoxville Branch, $1,500,000 ; 1,248 L. A N. RR. Co., Pen¬
sacola A Selma Division, $1,218,000; 2,007 L. A N. RR. Co., Mobile A

Montgomery Division, $2,077,0u0; 3,208 L. A N. RR. Co.,

Louisville

Cincinnati A Lexington Railway. $3,208,000 ; 1.000 Pensacola A Atlan¬
tic, $1,000,000; total bonds pledged, $9,033,000. Stocks-Louisville
Cincinnati A Lexington Railway Co.—15,000 shares preferred, $1,500,• 000; 10.000 shares common, $1,000,000; S. A N. A'abaina RR. Co.,
20,000 shares preferred, $2.000,000; 1,850 shares common, $185,000;
Mobile A Montgomery Railway, 29,397 shares, $2,939,700; N. O. Mo¬
ld e A Texas Railroad, 40,000 shares, $4,000,000; Southeast.A St. Louis

Railway, 9,800 shares, $930,000; Pontcliartrain Railroad Co., 7.400
shares, $740,000; N. C. A St L. Railway, 135,400 shares (par $25),
$3,385,000; Owensboro A Nashville Railway, 2,500 shares, $250.000;
Pensacola A Atlantic Railroad, 15,500 shares. $1,550,000; total stocks
pledged, $18,529,709; total stocks and bonds pledged at their par value,
$28,162,700.
Operations, Finances, Ac.—The Louisville A Nashville system hav¬
ing been developed in its present extensive, form since 1879 has a short
history. The luO per cent stock div dend declared in 1880 was made
before the working and result of the newly-acquired roads could he
fully developed. TV recent management of the company is believed to
305, 399; V. 37, p. 99.)
^
have been conservative, while liberal. For the year ending Juno, 1882,
Louisville Sc Nashville.—fSee Map.)—Line of Road.—Main
after a small cotton crop in 1881, the net surplus of the year over all
line—Louisville to Nashville. 185 miles; branches—Junction to Bardsli ibiiities was $135,008, after deducting $L10,000 deficit on the lease of
town, Ky., 17; Junction to Livingston, Ky., 110; Livingston to Jelthe Georgia roads and branches.
For the year en ling June 30,1833.
lico, Ky., 61; Montgomery to Mobile, 179; New Orleans to Mobile, 141;
after a cotton crop of about 7,000,000 bales in 1882, the net income
branch to Pontcliartrain. 5; Paris, Tenn., to Memphis, 259; East St.
showed a surplus over all liabilities of $722,009. Messrs. Gould and
Louis. Ill., to Evansville, Lid., 101 ; June., Ill., to Shawneetown, Ill., 41;
Sage went into the directory in October, 1883.
Ill., to O’Fallon, Ill., 0; Pensacola, Fla., to Pensacola Junction,
Belleville,
For six months from June 30, 1883 gross earnings were $7,791,805,
Fla., 44; branch to Muscogee dock, 1 : Louisville, K.v., to Newport. Ky.,
against $ >.800.533 in 1882; net, $3,272,847, against $2,672,071. An
110; Junction to Lexington, 07 ; .Louisville II. Cr. A W’port. (n. g.). i 1; article in the
Chronicle, V. 33, p. 99, analyzed at length the bearing of
Selma to Pineapple, Ala., 19; Henderson fo Nashville, 135; Junction
this exhibit of earnings.
to Providence, 10 ; Pensacola extension, 29 ; total owned, 1.017 miles;
The annual report for 1832-83, in the Chronicle, V. 37, 1. 373.
leased and controlled—Junction to Glasgow, Ky., 10; Nashville to
Decatur. 119; Decatur to Montgomery, 133; Junction to Wetumpka. 0: gave an account of the various transactions iu that year. The cr m puni¬
tive statistics were as follows, not including Nashv. Chat. A 6t. Louis,
Junction to Shelby ville, 19; Louisville Transfer, 4; No. Div. Cumb. A
wnicli is reported separately:
Ohio, 27; Lebanon to Greenslmrg, 30; Selma to Montgomery, 50;
1879-80.
1832-3.
1880-81.
1881-82.
total leased and controlled, 448 miles; total operated June 30,1883,
Miles owned
880
1,433
1,578
1,010
2,065 miles. Also owns the Richmond Branch (leased to Kentucky Miles
leased, Ac
9(10
434
450
449
Central). 34 miles, and the Cecilian Branch (leased to Clies. O. A So W ).
46 mileR, and contr »D, by ownership of a majority of the stock, the
Total operated
1,840
2,028
2,005
1,872
Nushvillo Chattanooga A St Louis and the Owensboro A Nashville, and
operations and fiscal results.
as joint lessee with the Central of Georgia,‘is interested iu the Georgia
Railroad and its auxiliaries.
Operations1879-80.
18 SI-82.
1832-83.
18-0-81.
In April, 1883, two important connections were opened, viz.: the Passenger mileage..
48,389,390 82.044.233 111.137,575 129,272,559
Rate p. pass. p. mile
316 cts.
2 61 cts.
Knoxville, branch, connecting with East Tennessee Va. A Geo-gia. to
3*72 cts.
2*71 cts.
Knoxville and the Southwest: and the Pensacola A Atlantic road was Fr’ght ft’ns) mileaue 319,090,197 492,933,791 596,039,434 664,139.410
A-v rate p. tn p. mile
l-000 cts.
1‘503 cts,
1349 cts.
1*323 eta.
finished, giving a through route from Savannah to New Orleans.







RAILOD
STOCKS
AND

BONDS.
[You

xvm.

Subscribers will confer a great
"

For

AND

-

DESCRIPTION.
first page

40

BONDS

favor by giving Immediate notice of any error discovered In tbese Tables.

explanation of column headings. Ate., see notes
on

STOCKS

RAILROAD

1884.]

February,

of tables.

Bonds

INTEREST OR DIVIDENDS.

Date
Size, or
of
Par
Bonds Value.

Miles
of
Road.

Amount

Outstanding

Rate per
Cent.

Prinot'

pal.When Due*

When

Where Payable, and by

Payable

Whom.

Slocks—Last
Dividend.

•

Louisville & Xashvil.'e—: Continued)—
1st M., gold, on Southeast.* St.L.RR.,coup.or reg.
2d morfc, gold, on Southeast. A: St. Louis RR., cp.
Pensacola Div., 1st mort., gold
Mobile * Montg. Div., 1st M., ($2,677.000)
Pensacola At Selma Div., 1st M.. gold ($1,248,000)
Pensacola At Atlantic, mort., guar., ($3,000,000).
Louisv. Cin. * Lex.. 1st mort

$1,000,000

2d mort., coup., for

do
L. Ar N. mort. on
Car trust liens

L. C. A: L., gold, ($3,208,000)

—

“

A
.

208
208
45
180
104
185
173
175
175

1st mortgage

Mortgage, gold, on Chic. A: Indianapolis Div
General mortgage
Lowell ii- Framingham—1st mortgage bonds
Lykens Valley—Stock
Mahoning Coal— 1st mortgage, coupon
Maine Central—Stock
ist mortgage, consolidated

55
18
109

American (Bangor loan)

600,000

Pledged.
Pledged.
Pledged.
2.850.000
892,000
Pledged.
1,975,290
5,000,000
3,000,000

1.000
1.000
1,000
1.000
100 Ac.

1.000
1.000

2.300,000
1,0 no,000
500,000

....

1,000
20

000,000
1.480,000

1872

1,000

1872
1883

100 Ate.

1800-1
1870

100 Arc.
500 Ac.
100 Arc.

3,003.300

100

30
30
71
*20

Androscoggin Railroad, Bath City loan
Portland At Kennebec, consolidated mortgage—
Manchester <£ Lawrence—Stock

1,000
1,000

....

....

Leeds & Farmington Railroad loan

1,000
1,000

1808

4.122.600
700.000
1.100.000

490,500
750,800
1,000,000

....

....

100 Arc.
100 Arc.
100 Ate.
100

1871

I860
1805

0
3
6
6
6
6

$3,500,000
3,000,000

100

304

Bonds for Mount Desert Branch
f}onds ($1,100,000 loan) A. At. K. RR
Extension bonds, 1870. gold
Maine Central loan for $1.100,000

$1,000

IS SO
1881
1883
1871

454
288
158
440
20
21
43
350

Louisville New Albany <£ Chicago—Stock

£ European At North

18S1
1881
1880
188 L
1881
1881
1867
1877
1881
1882

633,000
425,000
1,160.700
1,000,000

M. At S. N.Y'., Rrexel, M. Ar Co. March 1, 1921
do
M. At S.
do
March 1. 1980
M. At S.
do
do
Mar. 1. 1920
M. At N.
New York Agency.
May 1, 1931
do
M. Ar S.
<to
Mar. 1, 1931
N. Y., Hanover Nat.Bk.
F. A* A.
Aug., 1921
Jan.. 1897
I. Ar J. N. Y., Drexel. M. At Co.
do
do
1907
A. & O.
Nov. 1, 1931
New York Agency
M. * N.
A. Ar 0,
1883-89
Philadelphia.

g.
g.
g.

g.

rr

*
rr

/

■6 g.
0

J. & J. N.Y.,Nat.Bk.Commeree
do
F. A A.
do
do
do
A. Ar O.
Bost., Old Colony RR.
New York. Treasurer.
,Q.-J.
,T. Ar J. N. York, Union Trust Co.
F. At A.
A. Ar O. Boston. 2d Nat. Bank.

0
0 g.
0
5
2 L>
7
2
5 At 7
5
6
0 g.
7
0
6
6
6
5

July 1, 1910
Aug. 1, 1911
1888

April 1.

1891

Jan. 2, 1884
Jan. 1, 1902
Feb. 15, 1884

April 1, 1912

M’htiilv

Boston. 2d Nat. Bank. 1890 to 1891
do
do
Oct., 1900
do
do
J. Ar J.
Julv, 1898
J. Ar J.
Jan. 1, 1894
J. * J. Boston, 2d Nat. Bank.
July, 1891
do
do
July, 1891
Q.-J.
do
do
A. Ar O.
April 1, 1895
M. Ar N. Manchester and Boston. Nov. 1, 1883
A. & 0.

..

1879-80.

Freight

—

j —

Mail, express, Arc*...

$
2,599,353
7,407,403

3,007,405
8,050,339

904,894

929,941

4,138.532

Includes rent, rent of cars and

*

18S2-S3.
$
3,379,178

8,780,574
1,009,103

4,558,375

4,198,510

3,297,310

earnings

1881-82.
$

10,911,050 11,987,745 13,234,915
0,713.140
7,429,370
8,099,595

7,435,843

earnings
Oper’gex. (excl.tax.)

Total gross

Net

188081.

$
1,700.207
5.135,985
599,051

Earnings—
Passenger

5,135,320

$

Receipts—
.

52,00t>

5,270,091

02,000
309.238
3.705,823
054,353

,

215.334 I
2,912.327
1,221,092

09,007
2,050,900
823,120

Dividends
Georgia UR. deficit

$
4,824,816

07,000
339,409
4,053,224
110,053

$

.

58,060

110.000
0.345

5,854

6,182

*4,407,748

t4,847,208

14.575,808

109,743

Miscellaneous
Total disbursements
Balance

8,112,090
Sur.185,274

Sur.256,840 Sur. 135,008 Sur.722,099

$240,809 of this to be refunded to the L.At N.Co., and is included in the
surplus of $256,840. t $157,459 to be refunded, * $28,400 to be refunded.
*

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

1879-80.

1880-81.

Road,equipment. A*e.
Timber & quar. lands
Stocks owned
Bonds owned
StksArbds. heldintr’t
Bills At aeets. receiv.

' 1881-82.

$

$

Assets—

32,703.932
922,109

52.023,723
822.745

800.995

1,257,973

460,523
179.158
450,209

$

1,713,053

743.885

1,191,870
579,830
329,348
317,709

7,326,209
3,123,708

Materials, fuel, Arc..
Cash on hand
So. & No. Ala. RR...
Nash. Ar Dee. RR....
Other roads
Car trust funds
Lou. Ar Knox Exten.

-

574,798

9.495,807
3,598,090

-

$291,104
1,022,292

.

Mail and express

59 222

Miscellaneous

Expenditures.
Operating expenses
$ 991,272
Taxes.
18,205

105290

Total
Total..
$1,382,974
$1,009,537
Net earnings (25*68 per cent), $355,172. Payments—Rentals, $98,035

interest, $318,000; other, $25,000; total. $141,035. Deficit, $85,863
Bennett 11. Young, President. Louisville, Ky.
(V. 35, p. 161, 291, 545
575; V. 30, p. 140, 510; V. 37, p. 150.)

Framingham.—Owns from South Framingham, Mass.,

Lowell, Mass., 26 miles. Leased to Boston Clinton Fitchburg At New
Bedford Go. and lease transferred to Old Colony. Stock, $500,000 5 per
cent. pref. and $500,000 com.; 75c. per cent paid on prof, in Dec., 1883.
to

$
4.423,719

3,297,310

Net inc’iue, all so’ees
Disbursements—
Rentals
Taxes
Interest on debt

Freight.

Lowell A

engines, Arc.

INCOME ACCOUNT.

•

Earnings.
Passengers

01,593,923
703,638

1.010,798
1,104.338
9,527,878
1,655,750

1,419,279

*1,238,517
1,270,041
504,121

670,159
469,039
1,114,041
50,000

Miscellaneous

1882-83.

Lykena Valley.—Owns from Millers!) urg, Fa., to Williamstown,
miles.
It is »
Railroad since
July, 1880, and previously by the Summit Branch RJl. The lease is for
999 years from March 1,1866, and the rental is $02,.*>00 per annum.
Mahoning Coal.—Owns from Andover, Ohio, to Youngstown,
Ohio, 38 miles; branches to coal mines. 5 miles; total operated, 43
miles. It was opened May 1, 1873, and leased for 25 years from that
date to L. Sh. & Mich. So. RR., at 40 per cent, of gross earnings. Capital
stock is $1,373,000. The L. S. & M. S. Co. holds $399,000 of the bonds
purchased under the agreement of lease. Net earnings (40 per cent of
gp.'oss) in 1881, $88,583 ; in 1882, $95,189.
Maine Central.—Mileage as follows: Main line, Portland to Ban¬
gor, Me., 137 miles; branches, Cumberland Junction to Waterville, 73
miles; Crowley’s Junction to Lewiston, 5 miles; Bath to Farmington.
Pa.. 20 miles; branch, 1 mile; total operated, 21
coal road leased and operated by the Northern Central

Skowliegau, 18 miles; total owned, 307 miles.
Leased, Belfast to Burnham, Me., 34 miles; Newport, Me., to Dexter.
67,385.420 Me., 14 miles; Bangor, Me., to Vanceboro, 114; Eastern Maine RR.,
715,773 18 miles; total leased, 180 miles. Total operated, 483 miles. On
Is.505,852 Oct. 1, 1882, began to operate the European & North American road,
1.94'',023 (114 miles), under lease, at a rental of $125,000 per year.
9,527,878
This was a consolidation in 1802 of the Androscoggin At Kennebeo
2,011,330 Railroad and the Penobscot & Kennebec. In August, 1873, the Port¬
833.112, land At Kennebec, Somerset At Kennebec and Leeds At Farmington rail¬
242,929 roads were also consolidated with the Maine Central.
1,454,904
The animal report was published in V. 37, p.693.
The ending of
573,044 the fiscal year was changed in 1881 from Dec. 31 to Sept. 30. The
921,690 report had the following;
$

74 miles; Waterville to

ROAD OWNED

50.000

Total assets
Liabilities—
Stock

47,297,529

71.340,274

82,464,122

13,130,913

18,133,513

30.000,000

B’nds (seeSuP’MENT)
Louisville bonds
Debentures
Bills payable
Allot her dues ifeae’ts

30,978.520 46,951,840

1882-83.

1880 81.
305
46

1881-82.
310
40

351

350

462

1880-81.
700,441

1881-82.
934.738

1,150,937

28,541.233

Miles owned
Miles leased and controlled.

34,947,390

45,302.055

2*7 cts.

2 50 cts.

2*53 cts.

515,940

550.100
38,9; 0.518
2 75 cts.

777,489
03,783,431

322
161

94,222,561

9,059.301

AND OPERATED.

Total

013.600

890.343

1,049,291
321,839

Interest
Dividends
Pens;t. & At. RR—

452,905

50,0 41
29.949

......

850.000
507,400

1,201,723

502,729

520.558

931,515
343.644

-

1,714,301
430,710

543,900

1,130,930
445,359
30,094

40.000

33,947
485.222

80,000

„

30,877

OPERATIONS 1

Operations—
Passengers carried
Passenger mileage
Rate per passenger per

777,501

2,702.934

47,297,529 .71,340.274

S2,4G4,12£

94,222,501

Freight (tons) moved
Freight (tons) mileage
Rate per ton per mile
Earnings—
Passenger

Including balance due for trust bonds.
$5.0Q9,000 L. & N. stork unissued.
-(V. 35, p. 50, 83, 90, 103. 200. 373. 403.427,430, 431,407. 003, 037
V. 30, p. 109, 252, 399, 427, 453, 5o0, 707; V. 37. p. ?% 287, 373, 424,

Net

007; V. 38, p. 99, 114.;
Louisville New Albany A; Chicago.—Owns from New Albany*
In i. (Qpp< site Louisville, Ky.), to Michigan City, Ind., 290 miles; Motion
to Hammond, Ill.. 08 miles : Delphi to Indianapolis, 79 miles ; leases 17

Indiana into Chicago—total operated 454
with Chicago Sc Western Indiana at $84,000

per year gives entrance to Chicago.
The Louisville New Albany At Chicago was opened in 1852 and sold
in foreclosure Dec. 27, 1872, and reorganized without any bonded debt.
In Aug., 1881, consolidated with Chicago & Ind. Air Line, and stock
increased to $5,000,000, giving 15 per cent increase to stockholders of

record Aug. 31. In 1880 the company sold the $3,000,000 of first mort¬
gage bonds to. the stockholders at 20 cents on the dollar. There are
also $000,000 car trust bonds. In 1883 the general mortgage bonds

issued, payable in 1888.

The charge for interest and rentals in

1883 will he about $512,000: t-liu payments duo on car trust bonds arc
not known.
In 1882, ne t receipts were $355,172, and total payments
$441,035, leaving a deficit of $85,803. Fiscal year ends Deo. 31. The
annual report for 1882 was published in V. 3 7, p. 150, and stated that
the road was completed during 1882 between Indianapolis and ITam.
moml. Earnings were as follows, mainly on the old mileage:




ID FISCAL RESULTS.

36,695.243
2-74 cts.

1882-83.

2 42 Cts.

$772,833

earnings

$895,989

$1,147,207

1,003,854

1,007,710

100,392

113,389

1,511,901
140,326

$1,877,079

$2,077,094

1,229,357

1.359,373

$2,835,494
1,839,707

$6i7,722

Total gross earnings
Op. expenses, including taxes

t Includes

wore

,

Mail, express, Arc

*

miles of Chicago & Western
miles.
A lease for 999 years

mile

Freight

1,123.970

3,909,759

Profit and loss
.

850,000
005,000

1,205.707

Mort. on building...
Miscellaneous
Income account

Total liabilities

58,087,778 57.903,230

850.000

operated

$717,721

$995,787

INCOME: account.

Disb urse incuts—
Rentals paid
Interest on bonds
Dividends

1880-81.

1881-82.

1882-83.

$047,722
8,656

$717,721
5.308

$995,787
29,121

$050,378

Receipts—
earnings
Other receipts

Net

$723,089

$1,024,908

$54,000

$54,000

$182,958

570,400

509,512

71,822

04

i

.146

197,522

Total disbursements.
$095,301 $1,024,626
$624,400
Balance
$31,912
$282
$27,725
—(V. 35, p. 160. 735 ; V. 36. p. 75; V. 37, p. 234, 534, 693.)
Manchester A Lawrence.—Owns from Manchester, N. H., to
Methuen (State Line), 22H miles;
leased-, Methuen Branch of the
Boston At Maine Railroad, 3% miles; total operated, 26 miles. Road in

j operation since 1849.
as
one

Formerly operated with the

Concord RR.

line, on a division of joint earnings. Methuen branch is
leased at a rental of $11,000 per annum. Company lays claim to a twofifths interest in the Manchester Ar North Wcare RR., which is operated
bv Concord RR.
Ten per cent dividends are paid. The fiscal year end*
March 3'.
Gross earnings in 1881-82, $199,848; net, $100,199. la
1882-83, gross, $180,498; net, $100,255. (V, 36, p. 560, 650, 675.'

T

STOCKS

RAILROAD

50

Subscribers will confer a great favor
DESCRIPTION.
on

Date ‘Size, or
Amount
Kate per!
of
|
Par
Out sending
Cent.
Road.! Bonds1 Value. |

of tables.

I

500 Am.
ioo i
500 Arc.
500 Arc.

14

cumulative)
Metropolitan Elevated, stock

14

1st mortgage
2d M. (guar, by Manhat’n)
New York Elevated, 1st mortgage, gold
do
do

mort.,M.&O., coup.

M. II. ArO. mortgage...
Bonds for Extension, Are

Memphis tf Charleston—Stock
1st mortgage, Ala. & Miss. Div. (extend, in 1880).

128

2d mortgage

Consol.M.,g. ($1,400,000 1st M. on 01 m. in Term.)
New mortgage for $1,000,000.
Memphis if: Lillie lit:.—1st preference mortgage
General mort., land grant, (s. f. $10,000 after ’82)
Mexican Central (Mexico.j —1st .'J. ($32,000 p. m.).
Income, conv., not cumulative, reg. ($<>.4' 0 p.m.)
Mexican National Railway (Mexico).—1 stM., gold..

Inter'l—Stock ($20,000 p.m.)

Michigan Central— Stock.

Consolidated mortgage ($2,000,000 are
Michigan Air Line mortgage.,.,.

Manhattan 15cadi Co,—A
made in February, 1880, of

•was

202
181
272
202

100 !
3 00 1
100 i
1,000 I
l.ouo !
1.000 i
100 Arc.

1,000 i
1,000 j
25

133
133

810-

1877
1877
1881

187-290.'

M.aTs.

200,000

|J. At J.

6,150,700

|

N. Y.. Corbin
do

Bank’s Co
do
*

New York, Otlicc.

IJ. & J. N. Y., Mercantile Tr.Co

10,^18,000

do
M ,Ai N.
do
!j. & j.
:J. Sc D.‘Boston,
M. <fc S.j
do
J. A: D.
do

2.000,000

8,500.000
1.427,500
570,200
5)88,000

do
do

N. Eng. Tr. Co.

do

do

'J. &"j. N.Y., Metropolit’u N.Bk

1,000,000

Sc
!J. Ar
J.

1.958,000

1,000
1,000Arc
270 Arc

1.000
1,000

1,000

1.872
1870

1,000
1,000

Too

consolidation under the above title

the New York Ar Manhattan Beach

J

J.l

do
do -

do
do

Jan.
Oct

2, 3 883

2, 1882

July.

1908
1899

Nov. 1,
Jan. 1.
June 1,
Mar. 1.
June 1,

1900
1892
1908

1923

Jan." 1." *3 915
Jan. 3, 1885
Jan. 1, 1915

!,
M. & NJN.Y., II.Talmadge ArCo.jJuly 1.1883-’4
1
July, 1907
Janii’ry jN.Y., Treasurer’s Olliee.

250.000

2,600,000

'J.

£9,000,000
'

4.000,000

17,330,000
(?)
18,738,204
10,000,000
1,900,000

March, i.909
July, 1896

Jail." 2, "i884

Q-J.
Q.-J.

i

Stocks—Last
Dividend.

Oct., 1882

Q.-J.

6,500,000

Bonds—Princi.
pal,When due’

Corbin Bank’s Co Jan. 1, 1897

1.264,000

1881

,013

Oct.
& J. N. Y.,

256.000
1.000,000

5,312,725

1854
1867
1877

ij.

(?)

270
103

5s)

1878
1879
1876
1872
1878
1883

300,000
500,003

13.000,000

100

Stock, 2d preferred (not

Mex* Oriental Inter. <C

$4,680,000

$....

guar

prof, stock
Co. (Limited), mortgage

Marquette II. «£ O.—1st

discovered in those Tables.

When Where Payable, and by
Whom.
Payable;

notes! of

bonds
Jam. BR., 1st mort. (guar.) ..
Mannattan Elevated—Stock, common
Stock, 1st pref.. G per cent cumulative
Man. Beach Impr.
N. Y. Bay Ridge &

[Vol. XXXVIil.

....

Manhattan Beach Co.—Stock
N. Y. Bay Ridge Sc Jamaica KR., stock,
N. Y. & Man. Beach UR., 1st mortgage
do

by giving Immediate notice or any error

j Miles

of column headings, Arc., see
first page

BONDS.

INTEREST OR DIVIDENDS.

,

For explanation

AKD

•

g.

A

j.;N. Y., Winslow, L. Ar Co.

!.

-

A.!

F. Ar
Grand Central Depot.
!M. Ar N,;N. Y., Union Trust Co.

j

July 1, 1911

July 1, 1911
do
A. Ar O. N.Y. Otlicc 17 William. July 1, 1912

July 1

J.

Ar

J.

do

do

Feb." 1."

1884

May 1,19< 2Jan. 1,18bo

miles. This road was leased. June 2, 1877, to the East Tennessee Vlr
ginia & Georgia Railroad for twenty years from July 1, 1877. The
lessees were to operate the road on their own account and apply the net

Improvement Company and the Marine
the lessors. The
and pay the balance,
of the new company, amounting to earnings to interest on 6 months’notice and if any, to tied in December,
lease was terminable
was modi
$4,680,000, embraces the stocks of all the other companies converted
1879, the M. & C. Company giving up their right to terminate the lease,:
into it, and the Manhattan Beach Co. holds those stocks in its treasury,
and the lessees agreeing to buy the coupons for three years following in
(except the New York At Manhattan Beach Railway preferred stock),
case the M. Sc C. earnings should be insuilieient to pay them.
Of the new
as also $300,000 2d mort. bonds of the New York At Manhattan Beam
RR. The New York Bay Ridge A: Jamaica Railroad is leased .and the consolidated mortgage, $1,400,000 is secured by the old Tennessee State
bonds and stock are guaranteed. In December, 1881, a lease of the lien for $1,736,906, assigned to a trustee.
In 1882-83 there were negotiations pending for a long time for the
New York At Manhattan Beach Railway was made to the Long Island
RR. for 35 p. ct. of gross earnings to the lessor, but the sum of $97,500 surrender of the M. & C. lease and litigation was threatened, but in
pel* vear is guaranteed to pay all annual charges. The annual leport Sept., f 883. a majority of the stock was obtained by parties interested
for iSS2-:*3 was in V. 38, p 146, showing gross receipts $239,30 ), and in the East Tennessee Virginia Ai Georgia RR. Earnings for four years
surplus over expenses and olnvges. $34,595. In 1-81-82 gross earnings past were:
Miles. Gross Eam’gs. Net Eam’cs.
Years.
were $249,455, and surplus over expenses and fixed charges, $23,398.
292
$862,513
$231,038
—(V. 36, p.313; V. 38, p 14G.)
*292
1,003,271
262,924
Manhattan Elevated.—Road operated, 32*31 miles. This was a
1,342,082
511,345
328
corporation formed (Nov. 21, 1875) to lease and operate the two elevated
328
1.315,729
235,938
railroads in New York City.
Its capital stock was $13,000,000, and —V. 36. p. 81, 108, 170, 196: V. 37, p. 234, 267, 563, 595.)
it was to pay the interest on the bonds of the two elevated roads
Memphis & Little Rock.-Owns from Little Rock. Ark., to Mem
and certain dividends. The original lease of May 20, 1879, guaranteed
phis. Tenn., 135 miles. Default was made Nov., 1872, and the property
10 per cent per annum on the stocks, but this lease was amended in
sold in foreclosure. The new company also defaulted, and the roan was
October, 1881, by agreements among tin* three companies, which were sold and reorganized
April 28, 1877. The stock is $1,500,000. The
supplemented by an agreement of November 14, 1881, for the company has a land grant from Congress of 1,000,000 acres, of which
surrender of the stocks of the other companies, and the issue about 150.000 acres had been certified to it to June 30, 1881. In April,
of new stocks by the Manhattan Company, as follows: To New
1880, control of this company was purchased by the St. Louis Ac Iron
York Elevated stockholders, $6,500,000 of lirst preferred 6 per Mountain, and on Jan. 1, 1882, the coupons were permitted to goto
cent stock cumulative; to Metropolitan stockholders. $6,500,000 second
default, but afterward the coupons were paid. On June 24, 1882, a
preferred 6 per cent stock not cumulative; and to Manhattan stock¬ receiver was appointed. The preference mortgage bonds were extended
holders. $13,000,000 of com non stock. (Sec full contract, V. 33, p 560.) and fall due
$50,000 on May 1, 188 l, and balance May l, 18S3. In
The N. Y. Elevated stock was mostly surrendered and exchanged, hut
1882 gross earnings were $704,961, n t $45,916; net earnings in 1881
Metropolitan stockholders held out against it, and after a long contest were $184,513 ; in 1880, $303,999. The expenses since 1880 increased
the Manhattan party was defeated and the Kneeland party elected their
move hugely than the earnings.
(V. 36, p. 29, 140; V.37, p 201.)
directors in November, 1882. Finally another agreement was prop sed,
Mexican Central (Mexico).—Oct., 1883, had built from Mexico
but the litigation lias not been terminated and the contest in the courts
has been of the most complex charavt -r.
With injunctions pending Cin north, 37vS miles; El Paso did Norte southward, 532 miles, and 70
against the payment of dividends under the, tripartite agreement, t!:e miles of Tampico Division ; total, 980 nines. Under the management of
dividend claims of first preferred stockholders were purchased by Mr. Boston capitalists. Whole line when completed will be (1) the main
line, from the City of Mexico to El Paso; (2) from Tampico westerly
Jav Gould.
through San Luis to the main line; (3) from the main line to tlm City of
The report for year ending Sept. 30.1853, showed the receipts o!
Railway, the Manhattan Beach
Railway Company. The stock

operated to he as stated in the table Del w :
earnings of the New York Company’s lines—Third and Ninth
avenues—were $1,786,915, while those of the Metropolitan Company—
Second and Sixth avenues—were $842,763. The rate of operating ex¬
penses to gross earnings was as fdllows: Second avenue, 96'^joo l>oi'
cent; Third avenue, 50-‘H100 percent; Sixth avenue, GOn100 percent;
Ninth avenue, 5S^~ioo per cent.
all roads
The net

•

1882.

,

Year ended Sept.
Second avenue
Third avenue

Sixth

avenue

Ninth avenue

Totals

30.

1883.

,

Gross

Operating
Expenses.

Earnings.

$732,838
2,680,787
2,024,426
535,582

$593,696
1,470,298
1,229,984

3,188.433

$5,973,633

$3,668,370

Gross

Earnings.

Net earnings of all lines
Increase in net earnings
In 188 2-83 the charges

374,392

$2,305,263
.

$529,538

2,072,871
595,664.
$6,386,506

Operating
Expenses.
$513,634
1,605,*'63
1,2 16,012
392,119

$3,756,828
$2,629,678
$321,415

against net earnings are stated as.$390.000 for

dividends, and $1,384,080 as rental of leased lines. leaving a surplus of
$855,597. No mention is made of taxes or dividends due Metropolitan
stock not converted.—(V. 36, p. 56, 93, 169, 252, 365, 453, 467; V.37,

•

,

Guada a.jara,aml thence to Pacific Coast at San Bias.
The company was incorporated Feb. 25,1880, under the general law
of Massachusetts, and by transfer the company holds the charter from
the Mexican Government, granted Dec. 5,1874. for a road from Mexico

City to Leon, and by modification including lines to Paso del Norte.
Guadalajara and Laredo. The company also has other rights granted
hj' the State of Chihuahua.
The company has a subsidy from
the Mexican Government of $15,200 per mile on most of the lines,
which the Mexican Govermcnt issues to the Co. as the road is accepted,
in “ certificates of construction of the Central R’y, to be redeemed with
6 per cent of all duties produced at the maritime and frontier custom¬
houses of the Republic.” The subvention on the main line will bo about
$19,000,000. The lirst tnortgage bonds were issued thus: $5,000 with
$1,000 income bond and 40 shares of stock for $4,250 on the first sub¬
scription, $1,500 on the second, and $4,750 on the third. The income
bonds are convertible into stock at par.
The stock authorized is
$32,000 per mile. In Jan., 18 84, a temporary loan of $1,000,090 wa«
made on pieIge of bands and stock—see V. 38*, p. 148. Thos. Nickerson
Pres’t. Boston. See report for 1882 in V. 36, p. 398. (V. 36, p. 108, 140
252, 286, 398, 451, 590 ; V. 37, p. 99, 375, 424, 479; V. 38, p. 60, 148,
203.)

Mexican National Railway (Mex.)—This is the road building
from Laredo to City of Mexico, 817 m., and Mexico City to Manzanillo,
23, 48, 342, 534 719,)
p.
with branches, to 411 Salto, Zacatecas and Matamoras, under the PalmerMarquette Houghton Sc Ontonagon.—Owns from Marquette Sullivan concession from the Mexican Government, of which about 693
Mich., to L’Anse, 63 miles; branches, 36 miles ;r total operated. 99 were linislied by Jan., 1884. This Co. receives a subsidy of $11,270 per
miles. An extension to Houghton, 31 miles, completed Oct , 188 L Has a mile of road secured
by 6 per cent of the Government receipts from
land grant of about 80,000 acres. This was a consolidation Aug. 22,1872,
customs. Statements at some length as to the company's affairs were
of the Marq. Sc Out. R’y and the Houghton Si Ontonagon Railway. The
in the CimoNU’f.K, V. 33, p. 717; V. 34, p. 201.
Bonds for $1,000
company made default on its bonds, and issued the present 6 per cent
with stock for $1,000 were issued for $1,050 cash.
Stock outstand¬
bonus in exchange for prior 8 per cent bonds. In January. 1883, consoli¬
ing June, 18S3, was $22,500,600; par $100.
The road is built
dation was made with the Houghton & L’Arise RR. Stock is $2,806,600
Mexican National
the
In Feb., 1883, dividends were paid by the Mexican Road from Construeti >n Co. to In Texas 167 miles of this
common, and $2,259,000 preferred.
Texas
Corpus Christi
Laredo connect with
on common and preferred stocks, and a 4 per cent dividend was paid in
road and are operated with it. W. J. Palmer, President, New York. (V.
Feb., 1884. on pref. The lauds amounted to 425,000 acres, mostly
35. p. 50, 103, 265, 291, 320 ; V. 36, p. 81; V. 37, p 502 ; V. 38, l>. 203.)
timber and mineral lands, and in May, 1881, were sold for $2,500,000,
Mexican Oriental Intcroceanic A: International,—This Co.
and $1,750,000 6 percent bonds called in. In Jan., 1883, stockholders
is formed to build from Laredo to City of Mexico, 600 miles, in connection
were offered the privilege of taking bonds for tMe extension, subscribers
with the Gould system ot roads terminating at Laredo, and a traflic
for $1,000 6 per cent-"bonds receiving a bonus of five shares of stock
agreement from them of 25 per cent of gross earnings. See V. 34, p.
The business consists largely of the transportation of iron ore, and in
605. The Mexican Government grants a subsidy which it is said will
1883 fell off considerably. Operations and earnings have been
net $12,000 per mile. See circular of Mr. Gould, as President of Mo.
Passenger
Freight (ton)
Gross
Net
Years. Miles.
Mileage.
Mileage.
Earnings.
Earnings. Pacific, in V. 33, p. 687, 716/ No road had been constructed (V. 34, p.
1880
88
1,615,903
20,804,176
$771,538
$405,719 489. 605 ; V. 35, p.320).
99
2,033,S85
23,477,533
893.638
433,756
Michigan Central,—Line of Road.—Owns from Detroit. Mich., to
99
2,620,957
31,337,027
1,176.192
623,176 Kensington, Ill., 270 miles; used jointly with Illinois Central, Kensington
—(V. 35, p. 50, 347, 546; V. 36, p. 30, 56, 80, 510; V. 37, p. 100; V. 38, to Chicago, 14 miles; leased lines—Michigan Air Line, 104 miles; Jackson
Lansing A; Saginaw, 300 miles; Grand River Valley, 84 miles; Kala¬
p. 136, 20 2.)
Memphis Sc Charleston.—Owns from Memphis to Stevenson,, mazoo Ar South Haven, 40 miles; Joliet Sc Northern Indiana, 45 miles;
Ala., 272 miles; branches—to Somerville 13 miles, to Florence 5 Niles A: New Lisbon. 11 miles; Detroit & Bay City Road, 145 miles
miles; leased, Stevenson to Chattanooga, 38 miles; total operated, 328 total operated, 1,013 miles.




.

4

favor by giving immediate notice ot any error

Subscribers will confer a great
DESCRIPTION.
For

Date
Size, or
Par
of
of
Road. Bonds Value.
Miles

explanation of column headings, Ac., see
on first page of tables.

notes

1

Michigan Central—{Continued)—
Michigan Air Line 1st mort., assumed by M. C—
M. 0. bonds, mort. on Grand River Valley RR. ..
Kalamazoo A South Haven, 1st mort., guar
do
do
2d mort., guar
Grand River Valley, stock, guar

500,000

1869

1S70

1,000
100

491,200

1866
1372-3
1881
1865
1867
1871
1880
1383
1866
1881
18791831
1881
1882
1882
1882
1880

1,000

1.000,000

1,000
1,000
1,000
1,000
1,000

3,576,000
1,106,000

1 45
145
116

Jackson, Lansing A Saginaw 1st mort
do
1st mortgage
do Cons. m. on whole line (300m.)
do
do
do

236
293
15 4
13

Michigan d- Ohio—1 at mortgage
Middietoxcn Unionville d Water Gan—1st mortgage.
Midland No. Carolina— 1st mort. ("for $10,000,000)
Milw.Lake Shored- West—Northern Div., 1st mort.
Consol, mort., gold ($12,000 per mile)

cumulative)

....

-

-

-

*

65
126
137
27
93
15
102

State Line ..
Lake, guar..
(Al. Lea to Fort Dodge)

1st mortgage, Merriam Junction to
1st mortg., Minneapolis to White B.

mortgage, goid. coup.
Improvement and equip, mort
Mortgage on Southwestern extension

424,000

8
8
8
6
6
7 g.

171,000
1 913,000
1,100,000

2,760,000
400,000

1,000
1,009

190.000

4,121.000
500.000

6

1,000
1,000
1,000

170,000
1,430,000
520,000

1,000

2,155,000
4,022,500
455,000
950,000

1877

360
53

1,000

1877
1877
1S79
1882
1880

500 Ac.
1.000
1.000

280.000

1,015,000

4,000,000
636,000

1,000
1,000'

A S. N. Y., S. S. Sands A Co.
A N. N.Y., N. Bk. of Com’rce
'
do
do
A N.
do
do
A J.
A J. BQ3tou and New York.

J.
J.
J.
J.

A

*1). N.Y.,Mereh.Exch.N.Bk.

A

J. Pliila.M.IT. AS. II. R.Co.
J. N.Y., Continental N.Bk.
do
do
I).
do
do
N.
do
do
D.
do
do
J.
New York.
D.

-

»•

3*3
7
7
7
7
6
7

N. N. Y.. Union Trust Co.
do
do
S.
do
do
N.
do
do
N.
do
do
J.
do
do
J.
do
do
N.
do
do
S.
do
do
J.
do
do
J.
do
do
S.
do
do
S.
N.
Companv’s Ofiice.
Middleto’n.N Y..lstN.B

M.
M.
M.
J.
J.

S
6 g.
5
6

pal. When Due.

Company’s Ollices.

6

1.000

A

•

6
7

15,000 p.m.

A
A
A
A
A

A
A
A
A
A
M. A
M. A

5

50

....

100
346

Equipment bonds
Milwaukee <& Lake Winnebago— 1st mortgage, gold.
Income bonds, gold (cumulative)
Milwaukee dt- Northern—1st mortgage
Mine Bill d- Schuylkill Haven— Stock
Minneapolis <£ St. L— 1st M., Min. to Merriam June.

640.000
70.000

....

M.
M.
M.
M.
J.
J.
M.
M.
J.
J.
M.

8
6
8
8
2*3
8
8

$200,000

1.000
1.000

1870
1879

39
84
84

Detroit. A Bay City 1st mortgage, endorsed
Mort. on Detroit & Bay City Railroad

1st

$ 1,000

10
82
39

1st mort., guar

Income bonds (not

Bonds—Princi¬

Anyiunt
Rate per
When Where Payable, aud by
Outstanding
Whom.
Cent.
Payable

.

,

do

discovered in tliese Tables.

INTEREST OR DIVIDENDS.

g.
g.
g. i M.
£• J.
J.

J.

A
A
A
A
A
A

Stocks- Last
Dividend.

Nov. 1, 1890
1909
Nov. 1, 1889
Nov. 1. 1890

Jail., 1884
July 1, 1886
May 1,1902-3
Mar. 1, 1931
July 1, 1885
July 1. 1885
Sept. 1, 1891

Sept. 1, 1891
1923
1836
1921
Mar. 1, 1909

May 1, 1921
May 1, 1911
1892

July 1, 1912
July 1. 1912
June 1, 1910
Jan. 13, 1884
Jan. 1, 1907
Juno 1, 1927
Jan. 1, 1907
June 1, 1909

July
Dee.

1, 1922
1, 1910

]

Organization, Leases, Ac.—1The
13-16 and purchased of the State

Michigan Central was chartered in
of Michigan 111 miles of com
in
Kensington,

?leted The Detroit A Bay City road waslino. Detroit Feb. 12, 1881. and
852. road and completed the whole
foreclosed to

leased it and put a mortgage
described above as leased are all held by
the Michigan Central nominally under leases at fixed rentals, but are
praetially owned. The land grant came from the Jackson Lansing &
Saginaewcompany as stated below. In Nov., 1882, a close contract was
made with Canada Southern for working its road by the Michigan Cen
traland tho division of net profits over all charges—one-third to Canada
purchased for the Michigan Central, which
on

A

the road.

The other lines

Southern and two-thirds to Michigan Central.
Stocks and Bonds—The Michigan Central

stock has remained at the

Michigan Sc Ohio.—Road

completed Nov., 1383, from Allegan,

Midi., to Dun Ice, Mich., 154 miles, lining
j

the tracks of tho Toledo Ann

Arbor A Grand Trunk 22 miles, to Toledo, O. It was constructed by
a New York a, ndieate, aud
each subscription of $16,500 in cash re¬
ceived $15,000 1st mortgage bonds, 150 of preferred and 250 shares
common stock.
Bonds issued at $15,000 per mile. (V. 36, p. 366, 590;
V. 37, p. 75, 99, 502; V. 38. p. 115.)
Middletown Unionville Sc Water Gap.—Owns from Mid¬
dletown. N. Y., to Unionville, N. J. State Line, 13 miles.
Is controlled
by New York Susquehanna A Western by ownership of stork. Formerly
leased to the Midland of New Jersey and bonds guaranteed.
(V. 37, p
2.,.)

Moreliead City to Golds¬
150 miles further; built
by the Midland Improvement and Construction Co. Total projected line
is 565 miles. Stock, $5,000,000. American Loan A Trust Co., Boston,
is trustee. The company leased tho Atlantic & North Carolina in 1881
5 and 4 in scrip; in 1878, 2; in 1879, 3^ ; in 1880,8; in 1881, 0*2; in
from Moreliead City to Goldsboro, and was constructing its line to Salis¬
1882, none; in 1883. 5 per cent. The range in prices of stock has been as
bury. but the company became cm harassed and tho affairs of the Con¬
follows: In 1871, 114®12G; in 1872, 113®120; in 1873, 652)111; in
struction Company were to be wound up.
(V. 35, D. 51, 574,706; V,
1874, 68*22)9512; in 1875, 532>82*4; in 1876, 34582>G5ia; in 1877, 35^
■®74*4. in 1878, 58*2575; in 1879, 733*2)98; in 1880, 75®130*8; in 37, p. 15x.,
1881, 844*® 120; in 1882, 77® 105; in 1883, 77® 100‘s; in 18 Si to Fob
Milwaukee Lake Shore Sc Western.—Owns from Milwaukee
16,85®94*4.
•
Wis., to no thorn end of division 254 miles, of which 4 miles are
The Jackson Lansing A Saginaw debt is assumed by Michigan Central, leased; branches—Hortonville to Oshkosh, 23 miles; Manitowoc to Two
which also pays $70,000 per year on the stock of $2,000,000; the pro¬
Rivers, 6 miles; Eland Junction to Wausau, 23 miles; Antigo to
ceeds of J. L. A S. lands go to pay bonds, and in 1882 sales amounted Bryant, 5 miles; Monico to Rhinelander, 16 miles; total operated,
to 30,573 acres, for $412,562 ($501,660, including timber), leaving 322 miles.
The old company (125 miles) defaulted in December. 1873,
333,257 acres unsold, valued at $2,499,427, and land notes on hand, and on December 10, 1875, the property was. sold in foreclosure
$820,178
and
purchased by bondholders.
Tho reorganized company has
Operations, Finances, Ac.—The Michigan Central paid 10 percent $5,000,000 preferred stock and $1,000,000 common. A consolidated
dividends regularly till 1873, but becoming liable afterward for heavy mortgage for $5,000,000 is issued to take up all other debts, and tho
obligations on leased lines, the company suspended dividends. The balance for extensions, Ac. Preferred stock has a prior right to 7 per
load on through business is much affected by.the competition between cent from net earnings. Tho annual report for 1882 was given at some
Chicago and points eastward, and by the rates on through freights
length in V. 36, p. 650. In 1881 gross earnings, $637,485; net, $212,An article in the Chronicle. Vol. 37, p. 708. gave an exhibit of the
659.
In 1882 gross receipts $909,907; net, $331,863; interest, $199,
earnings of the Michigan Central and tho Canada Southern for six years 071; surplus, $132,792; interest on income bonds, $30,000. (V. 36
past, and the surplus yearly applicable to dividends. For the first year 1>. 649 ; V. 37, p. 446.)
of working together—1883—tho preliminary statement of income was
Milwaukee Sc Lake Winnebago. — Owrs from Neenah to
ns follows:
SelihdsiugerviHe, Wis. Built in 1882 and leased for 99 years to Wiscon¬
Gross earnings of combined roads, 1833
$14,000,000 sin Central at. 37*e per cent of gross earnings as rental; hut after
Operating expenses and taxes
9,700.000 $175,000 per year is received the balance of net earnings is to be equally
Percentage of earnings
(69-28)
amount since 1873. Prior to 1873 it was a regular 10 per cent
In 18 72-73 paid 5 per cent and 4 in scrip, but afterward paid
no dividend till 1878, and since then irregular amounts.
Since 1870
dividends have been: In 1870-71, 10 per cent: 1871-72, 10; 1872-73,
same

stock.

Midland North Carolina.—Owns from
boro, 95 miles, and constructing to Salisbury,

Pref. stock. 6 per cent cumulative, $780,000; common stock,
$520,000; par of shares, $100. (V. 36, p. 196.)
Milwaukee Sc Northern.—Owns from Green Bay, Wis., to
Sehwartzlmrg, Wis., 104 miles; branches—Mcnaslia and Appleton to
Hillbert, Wis., 22 miles; Wisconsin A Michigan Railroad, Green Bay
to Coleman 41 miles; total operated, 167 miles.
On June 5, 1880. fore¬
closure was made and road sold for $1,500,000. The stock is $2,155.000. It was leased to Wisconsin Central at a rental of 37*2 per cent on
gross earnings, bill: lease terminated August, 1882.
Gross earnings in
1880. $17o,80l: net, $175,053; Gross in 1881, $530,250; net, $198,944.
Net in 1*82, including rental for seven months, $195830.
For last
five.months of 1882 gross earnings were $248,733; net, $67,062. Guido
Pfister, President, Milwaukee. (V. 35, p. 51, 103, 291,576.)
Mine Hill & Schuylkill Haven.—Owns from Schuylkill Haven,
Pa., to LocusfjGap, Pa., with branches, 137*2 miles. Road was leased
May 12, 1864, to the Philadelphia A: Reading Railroad Co. for 999 years
at a rental of $321,800 per year.
There is no debt, and 7 per cent divi¬
dends arc paid. Operations not separately reported; included in lessee’s
divided.

Net earnings
Interest and rentals
Balance
Division as per

$1,825,000
trallic agreement, viz:

$1,216,667

Michigan < entral two-thirds
Appropriated as follows :
Dividend, 3 percent,

$702,146
562,116— 1,124,292

August, 1883

Dividend, 3 per cent, February, 1.884

livwr,V/A

Surplus
The annual

$4.300.000
2,475,000

-.

report fori882 in V. 36, p. 508,

had the following:

$92,375

OPERATIONS AND FISCAL RESULTS.

1881.

18*0.

1879.

Operations—

1882.

2,308,842
2,079,289
1,699,* 10
1,445,655
93,232,430 115,523.789 135,706,148 112,237,961
Passenger mileage
4.196.896
3,913,869
3,797,137
3,513.819
Freight (tons) moved.
Freight (tons) mileage721,019,413 735,011,995 7 90,022,930 703,241,320
0-77* cts.
0-718 cts
0-842 cts.
0-692 cts.
Av. rate $ ton $ mile
$
.$
$
$
Earni ngs —
3,146,309
2,812,706
2,401,771
2,062,265
Passenger

Passengers carried.

.

...

Freight
Mail, express, Ac
•total gross earnings.
Operating expenses..
Net earnings
P.ct.op.exp.to earn’gs
%

4,986,988

297,541

5,675,731

6,195,971
293,633

5,426.455

312,050

340,317

8.951,375
5,733,751

8,800,487
6,732,096

8,913,081
6,671,726

3,212,624

2,068,391

2,241,3?5

76-50

74-85

1

7,346,794

4,099,592
2,047,202
63-97

-

6411

INCOME ACCOUNT.

1881.

1882.

•$
2,068,391

2,241,355

133,845

127,051

3,346,998
$

2,202,236

2,369,306

IS 1.310

1S4.310

184,310

1,385.120

1,503,616

1,617,061

468,455
2*3

374,764

2,161,381
3,138,486
203.512
40,855
97,453
—(V. 30, p. 366, 508 663,707; V. 3 7, p. 117, 70 7,719.)

2,176,135
193,171

1879.

ReceiptsNet earnings
Interest A dividends.

1880.

$
2,047,202
OS,634

*

3,212.624
134,374

2.715,836
$
184,310

,

$

returns.

Minneapolis

arranged with $2,000,000 of stock.
The bonds of the $1,100,000 mort. (1877), numbered from 1.101 to
1,400, for $500 each ($150,000 in all), arc guaranteed by the Bur. Cedar
Rap. A No. RR. The bonds on the 15 miles were issued by the Minneapolis
A Duluth Railroad before it was absorbed by this company.
Preferred
stock of $8,000,000 is authorized and$4,000,000 issued; common stock,
$12,000,000 autbmized and $5,752,000 issued; par of both $100 per
•hare. The projected Southwestern extension runs from Fort Do< ge.
Ia.t towards Kansas City, Mo., 325 miles, with a branch to Council
Blutts, 140 miles. R. R. Cable. President, Chicago.
Tlie annual report for 1882, in V. 37, p, 201, had flic following: Gross
earnings, $ l ,513,472 ; net, $324,067. Paid interest on bonds, $217,954;
on

Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Do
rate per ct.
Miscellaneous
Total disbursem’ts.
Balance, surplus




1,403,472
1,030,601
5*3

1,499,056
8

$

$

2

70,000

2.618,3«3

Minneapolis to

Sc St. cLouis.—Owns main line,

Angus, 260 miles; Pacific Division, Hopkins to Morton, 92 miles ; Kalo
Branch, 2 miles; total operated, 354 miles. In 1883 acquired the Min
nesota Central Railroad, 66 miles. In Juno, 1881, a consolidation was

boating debt, $106,112—total, $324,067.

GENERAL RALANCE 8IIKKT DEC.

equip’t, Ac.$17,961,GGl
Mateiialsand fuel
138,706
Cost of r’d,

Bills and accounts re¬
ceivable
Cash on band
Profit and loss
Total assets

193,939
319,4.38
261,506

$18,875,253

(V. 35, p. 405, 577, 637*

'u6; V

31, 1832.

$3,752,000

Common stock
Preferred stock
Funded debt
Bills payable
Current accounts
Other liabilities

Total liabilities

37, p. 201.

79.)

4,000,000

6,236,000

1,441,343

1,178,703
267,207
...

.$18,875,253

STOCKS

RAILROAD

92
9obicri1>en will confer

a

first page

[vol. &xx\m.
discovered in these Tables.

great flavor by giving immediate notice of any error

DESCRIPTION.
on

JAND BONDS.

Miles
of

Date

Par

Road. Bonds

of tables.

Minneapolis <t St. Louis —(Continued)—
Mortgage on Lake Superior Extension

21

172

2d mort. bonds, income, 5 A 10 years

1st mortgage, gold, Pacific Extension
Mississippi dc Tennessee—1st mortgage, series “A”.
1st mortgage, series “ B,” (a second lien)

Missouri Kansas c£ Texas—Stock

92
100
100

INTEREST OR DIVIDENDS.

Size, or

of

Amount

Outstanding

Value.

1877

$1,000
1,000
1,000
1,000
1,000

7
7 •
6 g.
8

$123,000
1,382,000
977,000

100

1880
1881
1881
1877

Rate per
Cent.

46,405,000

1,141

600.000

182
1868
1,000
1st m., gold, sink, fund, on road and land (U.P.S.Br)
1870
100
1,000
1st mortgage, gold (Tebo. & Neoslio)
786 1871-3
1,000
Consolidated mortgage, gold, on road and land...
500 Ac.
1876
786
2d m., income, exchangeable for genl. m. at 5 p.e.
1873
1,000
Booneville Bridge bonds, gold, guar
1880
1,000
General consol, mortgage, gold
11,370
1880
East Line A Red River
70
1870
1,000
Hannibal & Central Missouri, 1st mortgage
1879
776
1,000
Intermit. A Gt. North’ll, 1st mort., gold
1881
500 Ac.
776
do
2d mortgage
1880
do
Colorado BridgeJjonds
100
990
Missouri Pacific—Stock
283
1868
1,000
1st mortgage, gold
1.000
1871
283
2d mortgage (s. f. $50,000 per annum)
500 Ac.
1872
Real estate (depot) bonds
Debt to St. Louis County (no bonds)
1.000
299
1876
3d mortgage
:
1880
990
1,000
Consol. M., gold, for $30,000,000 (coup, or reg.)..
1,000
15*2 1873
Carondelet Branch, 1st mortgage
1866
1,000
Missouri River RR., 1st mort
1870
21
1,000
Leavenworth Atch. A N. W., 1st mort., guar
500 Ac
1880
St. Louis A Lexington, 1st mort
1,000
210
1867
St. L. Iron Mt. A So., 1st mort., coupon
.

8

1,100,000
2,168,000
349,000
14,770.000
4,609,000
898,000
15,749,000
440,000
768,000

7,954,000
7,054.000
225,000
30,000,000

Payable

J.

A
A
A. A
A. A
J. A

J.

Where Payable, and by
Whom.

Bonds—Pftnci
pal,When DueStocks—Last
Dividend.

New York.
D.
J. N. Y., Continental N.Bk.
O.
do
do
N. Y., Bank of N. Y,
O.
J.
do
Co

June 1, 1910
Jan. 1, ’86-’0l

April 1, 1921
April 1, 1902
July 1, 1902

*

6*g.

7
7
6
7
5 A 6
6
7
fj
6
7

,573,000
800,000
700,000

3,828,000
9,200,000
245,000
205,000
190,000
650,000

4,000,000

J.

J.
F.
A.
g. M.
g.' J.
J.
g. M.
M.
M.
M.

g.
g.

1%

7,000,000
2

When

•

a‘*j.

N.

A
A
A
A
A
A
A
A
A
A

do
N.Y.. Mercantile Tr. Co.
N. Y., 195 Broadway.
do
do
do
do
do
do
do
do
ao
do
do
do
do '
do
New York, Office.

D.
A.
O.
N.
D.

D
N
N.
S.
N.

Q-J.

6 g.
7
8
7
7
6 g.
6 g.
7
7
5

7'

Y., Company’s Office.

Jan., 1899
June, 1903

do

A A. N.Y., Mercantile Tr. Co.
J. A J. N.Y., Mercantile Tr. Co.
do
M. A N.
do
St. Louis.
mont’ly
M. A N. N.Y., Mercantile Tr. Co.
do
do
M. A N.
A. A O.
do
do
d3
do
J. A J.
do
A. A O.
do
F. A A.
do
do
do
F. A A.
do

1904-1906
April 1, 19H
May 1. 1900
Dec. 1, 1920
1900

May 1, 1890
Nov.

1. 1919
1909
1920

Jan.

2, 1884
Aug.. 1868
July, 1891

F.

May 1, 1892
Feb., 1885
.

Nov., 1906
Nov., 1920
Oct.

1. 1893

Jan., 1886
Oct.

1. 1889

Aug., 1920
Aug. 1, 1892

,

1879.

ijori-

Expenses, taxes, Ac.

1880.

1881.

$
2,072,751

Memated

$
2,616,046

$
3,299,541

1882.

$
4,338,036

ty of stock to Illinois Central, but not consummated. Earnings for three
Net earnings
1,271,541
2,061,296
2,112,428
1,545,625
years past were: 1881-82, gross, $406,051: net, $152,492; 18S2-S3,
228,333
149,622
gross, $522,101; net, $260,635. (V. 35, p. 657 ; V. 37, p. 151, 695.) Imp.,eng.,car hire, Ac
Missouri Kansas Sc Texas.—(See Yap Missouri Pacific)—I axe
Available revenue
1,013.208
1,911,674 2,112,428
1,545.625
OF Road—Hannibal, Mo., to Denison, Tex., 576 miles; branches, Holdens,'
P. et. op exp,to earn.
6198
62*88
58*71
63*98
Mo.,toPaola, Kan., 54 miles; Parsons, Kan., to Junction City. Kan., 157 —(V. 35,
p. 77, 133, 291,320,637; V.36,p. 110,427,675; V. 37, p. 479 ;
miles; Whitesboro, Tex., to Ft. Worth, Tex. (leased), 71 miles; Fort V.
38, p.115.)
Worth, Tex., to Taylor, Tex., 163 miles; Denison. Tex., to Gainesville,
Missouri Pacific. — (See Map.). — Line of Road. — Owns main
Tex., 41 miles; Denison to Mineola, Tex., 103 miles; Denton, Tex to
Dallas, Tex., 39 miles; Miller Junction, Tex., to Belton, 7 miles; Trini¬ line from St. Louis, Mo., to Atcliison, Kan., 330 miles; branches
ty, Tex., east, 67 miles; coal branches, 8 miles; Jefferson, Tex., to Mc¬ 660 miles; total 990 miles. In May, 1881, the St. Louis Iron Mountain
Kinney, Tex., 155 miles. Total, 1,441 miles. International A Great A Southern was taken in. July, 1883, the mileage was as follows: From
Northern, from Longview, Texas, to Houston, Texas, 232 miles, and St. Louis to Texarkana, Texas Line, 490 miles; branch lines, Mineral
Palestine, Texas, to Laredo, Texas, 415 miles; branches - Longview to Point, Mo., to Potosi, Mo., 4 miles; Bismarck, Mo., to Belmont, Mo,, 121
Jarvis, 29 miles; Houston to Columbia, 50 miles; Phelps to Huntsville, miles; Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo), 74 miles; Guidon,
8 miles; Mineola to Troupe, 45 miles; leased—Round Rock to George¬ Ark., to Camden, Ark., 34 miles; Knobel to Forrest City, 97 miles;
town, 10 miles; Henderson to Overton, 16 miles; leased Gal. H. A H. Forrest City to Helena, 43 miles; Newport to Batesville,27 miles;
Neelyville to Doniphan, 20 miles; total, 906 miles.
road, Houston to Galveston, 50 miles; total operated 826 miles.
Organization, Leases, Ac.—The Pacific RR. Co. (of Missouri)* was
Organization, History, Ac.—The M. K. A T. Company was organized
April, 1870, and embraces by consolidation the Union Pacific—Southern incorporated under charter dated March 12, 1849, and road opened to
Branch, the Tebo A Neosho and other minor companies. In 1874 the Han¬ Kansas City in October, 1865. The company received a loan from the
nibal A Central Mo. was purchased. The company made default on their State of Missouri.
The Pacific Railroad of Mo. was sold in foreclosure of the 3d mortgage
consolidated bonds in Dec., 1873, and was operated by a Receiver from
Dec. 30,1874, to July 1,1876. when the Union Trust Company of New Sept, 6, 1876, for the nominal price of $3,000,000, to C. K. Garrison
York took possession.
The election of Mr. Gould as President took and others, and a new company organized with a stock of $800,000.
The present company was a consolidation in August, 1880, embracing
place in January, 1880. On Dec. 1,1880, the company took possession
of its property, paying the overdue coupons. The company had a land the Missouri Pacific, St. Louis A Lex., Kausas City A East, and Lex. A
grant from the United States estimated at 817,000 acres and from the South, in Missouri; and the St. Louis Kan. A Ariz. and Kan. City Leav.
State of Kansas 125,000 acres. There is also a grant in the Indian A Atch. in the State of Kansas.
The St.
Territory of 3,622,400 acres subject to the extinguishment of the Mo. PacificLouis Iron Mountain A Southern stock was taken up with
in May, 1881, on the basis of three shares of Mo. Pacific for
Indian title. The Booneville Bridge Company is a separate organiza¬
four shares of Iron Mountain, and the St. Louis A Iron M. tock is
tion, and earns interest and proportion for sinking fund.
At a meeting of stockholders May 18, 1881, a lease to the Missouri held by Missouri Pacific.
Stock and Bonds.—Under the new regime the payment of dividends
Pacific for 99 years was ratified on terms following:
That the
lessee operate the road and pay the obligatory mortgage interest, pay¬ was begun on the present stock in 1880, in which year 1*3 per cent was
ing over the balance to the Missouri Kansas A Texas Company. If there paid. Dividends since were as follows: in 1881, 6; in 1882, 6*4; to
is a deficit in income the lessee may advance money to pay interest, or 1883,7.
The consolidated mortgage above is for $30,000,000—trustees John F.
in case of failure to make such advance the Missouri Kansas A Texas
Dillon and Edward D. Adams. The bonds are issued to retire the out¬
•an resume possession of its road.
The International A Great Northern Railroad was acquired by Mo. standing bonds of the consolidated company, as above given, amounting
Kan. A Tex. in May, 1881, by an exchange of two shares of Missouri to $20,184,000. The remaining $9,816,000 are issued as may be re¬
Kansas A Texas stock for one of International A Great Northern, quired for finishing, constructing, purchase, acquisition, Ac.
and the Int. A Gt. North, stock is held in the treasury of the M. K. A T.
Operations, Finances, Ac.—The earnings and income account below
The International A Great Northern was a consolidation of the are for the Missouri Pacific an i its branches only' (990 miles); for, uofcHouston A Great Northern Railroad and the International RR. of Texas withstanding^tlie merger of St. Louis A Iron Mountain stock and lease of
on Sept. 22,1873,
The company made default on its bonds, and a re¬ Missouri Kansas A Texas, the operations of all the roads have been
ceiver was appointed in April, 1878. Sales in foreclosure were made kept separate and are so reported. The Missouri Pacific is regarded aa
July 31 and Oct. 14, 1879: In the reorganization the lands of the com¬ tbe m;iin company of the whole Southwestern System of Gould roads;
pany, amounting to about 5,000,000 acres, were conveyed to the and on its stock only are dividends paid..
The annual report ot Mo. Pacific for 1882 was published in the Chron¬
Mcond mortgage bondholders in full settlement for their lien on the road,
whieffi was thereby discharged, and the New York A Texas Land Com¬ icle, V. 36, p. 422, and was the first report ever published under the new
management. The income account and balance 6heet were as follows;
pany was formed to manage the lauds.
....

..

,

Stock and Bonds.—The stock has ranged as follows since 1877,
viz.: In 1878, 2a71e: in 1879, 5^^35% ; in 1880, 281s?i4914; in 1881,
34^0)54; in 1882, 26380)42^; in 1883, 19hj®3478; in 1884 to Feb. 10

161aa23l4The general consolidated mortgage is at $20,000 per mile on all road
built and to be built: of which $18,217,000 is reserved to take up first
consol, and prior bonds; $447,000 h r the East Line A Red River bonds.
There w ere $10,000,000 ■esiTved to take up Income mortgage bonds and

a"din Nov., 1883.an excliauge was offered to the holders of Income
bonds, in these general mortgage bonds, bearing 5 per cent interest, at

INCOME account, 1882.

To accrued int. on b’ds.
Taxes
Rental acct. leas’d lines

$1,598,389 I Surplus earnings 1882. $3,766,982
148,573 | Wal.A C. T. A Ferry Co.
96.000 j
earnings
$102,988
Dividends paid
1,946,419 Less expenses 56,531—
46,456
Sundry amounts paid
100,746 f Dividends received.Ac*
526,662
Balance to credit of in| Sundry amts, received.
127,433
come acct. Dee. 31,’82
4,635,101 I Bal. ine. acct.Jan.1,’82. 4,057,756
..

scrip,

par, and to scrip holders at 60 per cent of the face of their holdings.
The amount < f general mortgage bonds as above given includes The
amount of Income bonds and scrip that had been converted up to Feb..
1884. At end of 1882 there was outstanding $2,280,497 of the Income
coupons 6 per cent scrip.
There are also $32,000 of Hannibal A St. Joseph 7s 2d mortgagebouds

yet out, due in 1892 ; and also $285,500 of old 8 percent income bonds of

International A Great Northern, which are exchangeable into LAG.
N. 2d mortgage bonds. The I. A G. N. also guarantees $2,000,000 of
Galveston Houston A Henderson 1st mortgage 5 per cent bonds.
Operations, Finances. Au.—Since the road went into the Gould sys¬
tem the earnings have increased, both gross and net.
The inooiim
account for 1882 showed a deficit of only $97,000 after paying all
charges for interest, but not including interest'on the income mortgage.
In 1883 gross earnings are much larger, owing partly to the heavy
cotton crop of 1882 in Texas.
Int. A Gt. Nov. gross e rn. in 1882 were $3,312,285; net, $981,322.
The income of the .> o. Kan. A Ttx. RR. for four years was a> follows :
i»79.
ISM).
1881.
ls-2
Miles of railroad
< 86
879
1.207
1.37-1
$
$
Earn'gs it expenses$
$
820.201
714,751
1,058,054
1.380,590
Passcnger earnings.
4,050.119
Freight earnings
2,455,864
3.110,461
4,710,071
Miecell. earnings—
173,677
252.663
232,389
359,803

$8,525,291

—

"

Not including any

|

FINANCIAL EXHIBIT DECEMBER




3,344,292

4,161,671

5,360,837

6,450,464

31, 1882.

Cost of road and equipment, Ac

Supplies aud material

on

$39,298,900
624,117

hand

Advances to roads under construction—

Trinity A SabineRy.—Trinity, Tex., eastward.$286,701
Doniphan Branch, St. L. I. M. A So Ry
199,242
White River Branch, St. L. I. M. A So. Ry
223,497—

Investment in Stocks and bonds
Balances—Uncollected earnings

Cash

on

709,441

20,656,311

202,579
1,238,990

hand

$62,930,340
By capital stock (includingexchanges for Iron Mtn. stock). $29,95 5.900
Funded debt- (See Supplement)
25,379,000
Interest dne and accrued—Due and uncalled for. $28,894
Accrued, but nor due
468.972
440,078—
Vouchers, Dee., 1582, payable Jan. 15, 1883
2,395,919
St. Louis Bridge A Tunnel Co.Surplus earnings
51.000
Hospital account
41.386
Balance of income account, Deo 31,1882
4,635,161

$62,930,340
defaulted on
compromise with its bondholders,

St. Lolis Iron Mountain A Southern

Gross earnings...

$8,525,291

*

dividends from St. L I. M. A So.

it6 interest in 1875 and finally made

This company

•

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SYSTEMS.

R All, ROAD

-.11
Subscribers will confer

a

explanation of column headings, Ac.,
on tirst page of tables.

Miles
Date
of
of
see notes
Road. Bonds

Missouri 1'acillc—(Continued)—
St. L. I. M. & S., 2d M..gold, coup., may be reg....
do
Ark .-Branch. 1st inert., gold, land gr**
do
Cairo Aik. A T.. 1st, gold, cp.orreg
do
Cairo A Fulton, 1st, g., on r< add land.,
do
Gcn'l consol. M. (for $32,036,< 00).'... \
do
do
su]']ilcim‘ntal, gold 5
Mobile <t Ala. Grand TminT:— 1st M. ($20,000 ]>. m.)
Mobile & Girard—2d mort., end. by Cent. Gu. Ell..
3d inertg. bonds.,
Mobile <t Mon tg.—Stock
Mobile ft Oh io—Stock
1st mortgage, gold
1st pref. inc. and s. f. debentures, not cumulative
do
do
do
2d
do
do
do
3d
do
4tli
do
do
Mort. on Cairo extension (Ky. A Tenn. KR.)

310
99
71
304

.

UU

i

s

56

85
180

528
472

Size,

or

Amount

Par
Value.

Outstanding

OD

8 L
38
110
150
132
84
84

300,000

800,000

-

1879

....

50

34
137

1,000

1878
1880

1,000

1864
1866
Var’us

50
250
500 Ac.
1,000

1875

....

1882

1,000

ssuing income bonds for overdue coupons. The company afterward
Offered to exchange these for the new 5 per cent mortgage bonds, and up
*o June 1,1883, only small amounts remained outstanding. There are
also $73,090 of old income 8 per cents of Cairo A Fulton. The Mercan¬
tile Trust Co. of N. Y. is trustee of the general consol, mortgage. The
stock is all held in the treasury of theMissi.uii Pacific Railway Co.,
having been retired in May, 1881, by The issue of three shares of Mo.
Pac. stock for four of St. Louis d Iron Mountain. The sales of land in
Arkansas on which the Cairo d Fulton bonds have a lion are given in

the report for 1882. in tabular fotm only without details.
The report for 1882 was published in the Chronicle, V. 36,
and the income account tor 1882 was as follows:
8T. L. IRON MOUNTAIN A SOUTH.
on

RAILWAY—INCOME

bonds

p.422,

ACCOUNT—1882.

$2,248,978
94,468

Baring

bridge expense
Interest and exchange....
cross

Discount, Government deductions, Ac

Balance ol income account Jail. 1, 1683

Dividends received, do

Unclaimed wages aim vuucl ers canceled, do
Balance of income account Do *. 31, 1882.

$76,682
53,695)
64,942
209,869—

405,194
1,199,792

$3,735,620
49,264

g.
g.

A.
A.
J.
J.

g.

g.
g.

J.
F.

...

m

G g.
7
7
7
7

1,025,000

2,220.000

cor.

do
do
do
do

•

A.
J.
J.
M
F.
J.
A.
J.

■

4

•

May 1, 1897
June 1, 1895
June 1, 1897
Jan. 1, 1891

April 1, 1931
April 1, 1931
July 1, 1910
Jan., 1889
June. 1897

(0

%

Yearly.
J. A J.
J. A J.

312

Dividend.

N. New York or London.
D. N. Y., Mercantile Tr. Co.
D.
do
do
do
J.
do
O.
do
do
do
O.
do
J. N.Y., Mercantile Tr. Co.
J. N. Y.f Nat. City Bank.
D.
do
do.
A.

Yearly.
Yearly

6 g.

Sloclcs— Last

Whom.

Yearly. N.Y\,

7

7

Payable, and by

A D. N.Y\ Farmers’ L’n A Tr.

J.

•6
6
2

7
7
7
7

A
A
A
A
A
A
A
A
A
A

.

A
A

A
A
A
A
A

1, 1927

} Redeemable

do
do
do
do

*■

only by

sinking fund.

Boston.
New York.
do

•

J.
J.
N.
A.
J.
O.
D.

Dec.

PineA Nassau

N.W, Nat. City Bank.

A O.

N. Y., Del.,
do
do
do
do
do

Lack A W.
do
do

July 1, 1892
July 1. lrf)09
(0
April 1, 1918
July 1, 1920
Jan. 2, 1881
May 1, 1914
Aug. 1, 1891
Jan. 1,

do

do
do

1900

Oct., 1901
June 1,1915

...

4Lj&5 J. A J.

N.

Y., Del. Lack. A W.

July 1, 1912

may be redeemed before maturity any
January 1 or July 1 at 110, six week’s notice being given.
In August, 1881, 7 per cent was declared on 1st preferred incomes;
also 2 per cent on 2d incomes. In August, 18S2, 2 per cent on the
tirst preferred incomes.
In August. 1883, 3 per cent on tirst preferred.
The last report was published in the Chronicle* V. 37, p. 423, and
had the following tremarks: “Beyond the current expenses for the
month of June, which are payable on or before tlie 15tli of the next suc¬
ceeding month, the only floating indebtedness appears in bills payable,
and results from the company having assumed tlie advance of $109,000,
incurred in the completion of the
Kentucky & Tennessee RR. (Cairo
extension). * * * There has been an increase in revenue over last year of
4-93 per cent, or $106,784, and an increase in expenses of 2 42 per cent,
or $38,875), and in net revenue there has been an increase of 12-08
po
cent, or $67,904.” * * *
“The total number of

bales of cotton moved

during tlie

year was

The general
tonnage over the road for the year amounted to 357,493-4,
against 345,754-7 tons moved during the past year.” * * *
“Since July 1 the receipts up to the present time (Oct. 1, 18 3,)
show a healthy increase over those of the previous year, while the ex¬
penses have been somewhat reduced, and while the prospects of the
cotton crop are yet doubtful, and not up to the average of former years,
the general business of the- country tributary to and passing over the
road is exceptionally good.”
Operations for three years ending June 30 were
total

1880-81.

p.

Mobile d Alabama Grand Trunk,—Owns from Mobile, Ala.,
to Bigbce Bridge, 56 miles. The company has been in default, and
was sold In foreclosure May 7, 1883. to a committee of b mdholders.

The plan

proposed for the issue of new stock and bonds was
given at length in the Chronicle, V. 32. p. 636, but the modified plan
proposes to give $420 in new mortgage bonds, $300 in incomes, and
$480 in stock for each $1,000 of old bonds, on payment of $120 cash
by holders.
Old stock holders to receive 5o per cent in new stock.
—(V. 36, p. 221, 340, 536.)

Mobile Sc Girard.1-Owns from Columbus, Ga., to Troy, Ala., 84
-miles.
Common stock, $5)87,164; preferred stock, $275),900, and $5,080
Pike County stock. Second mortgage bonds are endorsed by Central
RR. of Georgia. There, are also $ls»,6u0 3d mort. 6 per cent bonds, due
June 1,1897. In 1881-82, gross. $269.011; net. $51),4 13. In 1882-63
gross earnings, $255,756; net, $77,435.
(V. 35. p.431; V. 37, p. 22.)

Mobile Sc Montgomery. -Owns from Montgomery, Ala., to
Mobile, Ala., 180 miles. Default was made on the bonds in 1873 and
the road was sold in foreclosure Nov. 16,1874, and purchased by bond¬
holders, who organized this company on a stock basis, in Nov.*, 1S79,

Net

Interest

on

mortgage bonds

Interest

on

incomes.

...

$2,164,274
1,602,145

$2,271,058
1,642,651

$815,331

earnings

Disbursements—

1881-82.

$2,377,817
1,562,486

53,628

109,921

$3,948,434
77. 104. 182, 312, 317,637. 737; V. 36, p. 139, 312, 313,
422, 479, 511; V. 37, p. 535 ; V. 3-, p 30.)

-(V. 35,

g.

n

5,994,000

or

$3,948,434

Surplus earnings 1882

m

Where

239.974, against 232,320 bales moved the preceding year.

Sundry amounts—

’Car tiust expense

m

284,000
4,991.000

Special real estate mortgage

L. A W)

m

2,999,000

1,000
1,000

1871

M.
J.
J.
J.

g.

2Lj

600,000
900,000
600,000
1.500.000
800,000
5.000,000
1,494,000
15,000,000
5,000,000

1,000

When

Payable

4

2,950,800
5,320,600
7,000,000
5,300,000
1,850,000

-

1879
1880

7
7
7
7
5
5
7
8

2,500,000
1,450,000
7,657,000
10.353.000
3,311,000
1,124,000

0781
Morris <t Essex—Stock
1st mortgage, sinking fund
2d mortgage
Convertible bonds
-Gen. in. & 1st on JBoonton Br. Ac. (guar. D.L.AW.t
Consol, mort. (for $25,000,000) guar. D. L. Ac W..

Accrued interest
Taxes

[Vol. XXXVIII,

INTEREST OR DIVIDENDS.
Rate per
Cent.

$6,000,000

1872
$1,000
1870
1,000
1872
1,000
1870
1,000
1881
1,000
1881-2
1,000
1874
1,000
18(59
1,000
1877
1,000
100
100
1879
1,000
1879
1879
1879
....

Montgomery d■ Enfaula—1st mortgage
Montpelier d: Wells Hirer—took...
Morgan's La d- Texas—1 st mort..gold.N.O.to M.City)
1st mortgage, Alex. Extension, gold

.

1

•

Real estate terminal mort. (guar. I).

BONDS.

AND

great favor by giving immediate notice of any error discovered in tliese Tables.

DESCRIPTION.
For

STOCKS

$562,129

$628,406

$420,000
408,000

$456,000

$156,000

106,000

159,000

1882-83.

Total disbursements
Balance

—(V. 35, p. 10,1 429

;

$828,000
$562,000
$615,000
Sur. 129 Sur.$13,40G
Def.$12,669
V. 36, p. 105; V. 37, p. 48, 423.) •

Montgomery Sc

miles. ’
and
Cent
June
in April,

1883.

Montpelier St Wells River.—Owns from Montpelier to Wells

River, Vt., 38 miles. Reorganized January, 1877.
1). R. Sort well.
President, East Cambridge, Mass.
Gross” earnings for year ending
March 31, 1883, $98,286 ; defleit, $15,391.

Morgan’s Louisiana Sc Texas Railroad A Steamship €o.New Orleans to
Vermillionvillc. La., 144 miles; Verto
Alexandria,
branches,
$1,550,000 of the stock owned in this country was purchased by parties miles; total. 266 miles. In La., 84 mites; other whole stock 38;
February, 1883, the
of
In the interest of the Louisv. A Nashv. RR. at 80, giving the control to
that company, which now operates i'. The old mortgage debt outstand¬ $5,000,000 was sold ro the Southern Pacific Syndicate as reported
at 150 per share of $100.
(See V. 36, p. 212.)
This company’s
ing is about $230,0(io. The I onisvillo A Nashville Co. lms issued
York Stock Exchange said: “The company’s
$2,677,000 bonds secured on this road, which are. pledged for the collat¬ statement to the New
eral trust bonds of that company.
Gross earnings m 1880-81. $951,051 ; property consists of sixteen iron steamships, live of which pply be¬
net, $226,193; gioss in 188:-82. $987,534; net, $261,377. Josiah tween New York and New Orleans, nine between Morgan City, La.,
and the various Texas and Mexican ports, and two between New
Moriis, President, Montgomery, Ala.
%
Orleans, Florida and Havana ports; also four large ferry boats, tugs,
Mobile Sc Ohio,—Owns from Mobile, Ala., to Columbus Ky., 472 dredge boats, wharves.warehouses, and terminal facilities, besides nearly
miles, ami extension (by Kentucky A Tenn. RR.) to Cairo, 21 miles: the entire capital stock of tlie Gulf Western A Pacific Railroad, Texas
branches—Artesia, Miss., to Columbus, Miss., 14 miles; Artesia, Miss., Transportation Railway Co., Buffalo Bayou Ship Channel Co., and a
to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles;
majority interest in the capital stock of the Houston A Texas Central
total operated, 528 miles.
Railway Co.. Ac.” Gross earnings in 1881-82, $4,188,622; surplus over
The company funded coupons from their bonds in Feb., 1867, and expenses, interest, Ac, $722,450; in 1882-83, gross, $3,953,145; sur¬
resumed payment of interest May, 1870. A default was made May 1, plus, $1,106,327. (V. 35, p. 51; V. 36, p. 196, 212.)
1874, and two trusties and receivers took possession May 8, 1875,
and tlie company was reorganized without foreclosure, anil the stock
Morris Sc Essex.—Owns from Hoboken, N. J., to Phillipsburg,
and bonds of the company were placed on the New York Stock N. J., 84 miles; branch, Denville, N. J., via Morris A Essex Tunnel, to
Exchange list in July, 18/9: First.—New mortgage to the Farmers’ Hoboken, N. J., 34 miles; leased Dover to Chester, 10 miles ; Newark &
Loan A Trust Co., of New York, as trustees, upon the main line, excluding Bloom. RR., 4 miles: total operated, 132 miles. In 1868 this road
branches, to secure bonds in the aggregate amounting to $7,000,000. was leased in perpetuity to the Del. Lack. A W. RR. The lessees assume
Second.—Deed of trust to the Farmers’ Loan A Trust Co., as trustees, to all liabilities of the Mor. A Essex RR. ami pay 7 per cent per annum on
the capital stock, and they also agreed to pay 8 per cent in case the
secure four series of preferred income and sinking fund debentures,
covering specifically the lands, 1,150,000 acres.
Interest at the Morris A Essex earns 10 per cent on its stock in any one year after tha
rate of 7 per cent per annum, or in multiples of 1 per colt, but
year 1874. The Morns A Essex is important to the Delaware Lacka¬
not exceeding 7 per cent in any cue year on
these debentures, wanna A Western as a route with terminal facilities on New York Har¬
is payable annually upon each series in the order of their priority,
bor, but the actual earnings on the road show a large annual delicit for
but only if earned in the preceding liseal year, and is noil-cumu¬ the lessee company after the pavment of rental. The loss to lesseo was
lative. The holders of debentures have one vote for each $100, and each in 1880, $1,012,416; in 1881, $985,890; in 18S2.$941,550. Earnings for
four years past were as follows;
VC&T they instruct the Farmers’ L. A. T. Co., trustees
Rmv to vote at
the stockholders’meetings upon the majority of the stock of the Mobile A
Div’d
Gross
Net
Ohio Railroad Company, the power to vote upon which is irrevocably
Years.
Miles
Earnings. p. cfc.
Earnings.
with the Fanners’ Loan A Trust Company, until the extinguishment
7
121
$3,515,097
$1,559,354
of said debentures.
The capital stock authorized by the charter is
7
121
1.446,193
3,823,652
7
$10,000,000, or 100,0(10 shares of $100 each, of .which there have been 1881
121
1.647,019
4,246,656
issued 53,206 shares. The debentures aio secured by a deed of trust oi the
7
18 82
1 630,960
4.262,901
land.about 1,143,222 acres, and roee v 17 percent, ifearned.
—(V. 36, p. 611.)




Owns trom
millionville

RAILROAD

1884.J

February,

a

AND

BONDS.

55

great favor by giving immediate notice of any error discovered in these Tables.
/

,

Subscribers will confer

STOCKS

_

1

DESCRIPTION.

on

tirst page

of tables.

I

54

Nashua d Lowell—Stock
.
Bonds ($100,000 are gold 5s. J. A J., 1900;
Nashville 'Chattanooga d St. Louis—Stock
Bonds endorsed by Tenn
1st mort. (for $6,800,000), coup
2d mort
Bonds held by U. 8. Government
Bonds of N. C.A St. L., 1st mort. on two branches

..

’73-'80

..

554
151
340
321

!

$100

do
do

do
do

1st mort.

on

Lebanon Branch

for Jasper Branch

Buck River RR., 2d mort., endorsed
Nashville d Decatur—Stock, guard 6 p. c.by L. A N.
1st mort. guar. s. f
2d mortergb income
Natchez Jacks >u d Columbus.—1st mortgage
Mortgage bonds (for $600.0001
—

6,670,331

1877
1877
1877

126,000

6
7
6
4

6,170,000
1,000.000
500,000
39*\ 000

....

1,000

1870
1867

1,000

....

IS

Newark Somerset d Straifsv., (>.—1st mortgage

Newburg Dutchess d Connecticut—Income bonds...
Newbury d New York— 1st mortgage
New Castle d Bearer Valley—Stock
New llaven d Derby—1st & 2d mortgages
New Haven d Northampton—Stock
Mortgage bonds, coupon
Holjmke A W.,leased, 1st M.*$200,000 guar.)
Consol, sink, fund $15,000 per yr..A mort. bonds.

....

94
5
44

Nesquehon ing Valley—Stock
Nevada Central—1st mort., gold (sink. 1'., $20,000)
Newark d Hudson—1st mortgage

1879
1871
IS 69

6

3
7
6 g.
10
7
5
4

1,817,000

500

178,000
174,400
27,509

....

1883

6 A S

173,000
65,000
1,642,557

....

ioo
1,000Ac
50

1,000
1,000
500 Ac,

2,000,000
150,000
1,300.000
750,000
250,000
800,000

;

!

1.000
50
500 Ac.
100

.1.

1,000
1.000
1,000

A

1,000

8.

A O.
A 8.
A N.

3, 1883
July 1, 1900-

Sept. 1. 1883

J.

4

0)

A J.

Oct.

N. Y. E. E. A W. RR.
N. Y., Union Trust Co.

N.Y.,OiiieeN.Y.L.E

Nov. 1.
Jan. 1,

AW

Newcastle, Penn.
Various S’. Haven, Meeh. Bank.

1889

1889

Q.-J.

7
3

T.

7
6 A 7

A
A. A
A. A
A. A

6

5

J.
O.
O.
O.

New Haven.
do
N.IIav..N.Trad< sin’s Blc
New Haven.
do

1. 1904

Sept., 1901

Jan., 1884
1888 A 1900>

Oct., 1873.
Jan., 1890

Apr.l ’91 A’98
April, 1, 1909
April, 1911

(V. 36. p. 81, 221, 340, 366, 454. 561, 675; V. 37, p. 75, 175, 293,.
321, 374, 44b, 563, 693; V. 38, p. b7.)

15 miles; leased—Stony Brook Railroad, 13 miles; Wilton Railroad,
16 miles; Peterborough RR.,»10 miles; total operated, 51 miles.
The road was operated with the Boston A Lowell till Get. 1, 1878. On
October 1,1880, a lease for 100 years to the Boston & Lowell was
made. The company holds $300,000 cash, assets against the debt. The
rental is $60,000 per year, equal to 7V> per cent on stock, but, including
other revenue, dividends are 8 per cent.

Nashville Sc Decatur.—Owns from Nashville,

Ala., 122 miles.

Tenn., to Decatur,

leased May 4, 1871, to the Louisv. &
Nashv. RR. for 30 years from July 1, 1872, at a rental of 6 per cent per
annum

The road

was

on*the stock. The lessee assumed all the debt of the Nashville
In 183J-83, gross earnings, $i,034,231; not. $380,207.

A Decatur Co.

Nashville Chattanooga Sc St. Louis.—Owns from Chattanooga*
Tenn., to. Hickman, Ky., 321 miles; branches—Wart race, Tenn., to
Shelbyville, Tenn., 8 miles; Bridgeport, Ala., to human, Tenn., 25
miles; proprietary lines—Nashv. to Lebanon, 30 miles; Tulrahoma to
Canejr Fork. 48 miles: Declierd to Fayettev., 40 miles: Centreville
Branch, 34 miles; Duck River RR. (leased), 48 miles; total, 554 miles.
The the bonds endorsed by Tennessee are secured by deposit in trust of

Natchez Jackson Sc Columbus. -Owns completed road from
Natchez. Miss., to uuckson, Miss., 100 miles.* Stock. $614,809.
See
report, V. 35, i>. 426. as to new issue of bonds. Earnings for 1882*
$104,188; net, $40,417. (V. 35, p. 71, 339, 348, 487; V. 36, p. 313,
426.)

Naugatuck.—Owns from Naugatuck Junction to Winsted, Conn.r
50Lj miles; leased, Watertown A Waterbary RR., 4*2 miles; total oper¬
ated, 66 miles, 5 miles of New York New Haven A Hartford being used

this company’s tirst mort. bonds.
A

1. 1917
1. 1917’
A 1923
1, 1909

Philadelphia, Co.’s office
N. Y., 195 Broadway.

■

Nashua Sc Lowell.—Owns from Lowell, Mass., to Nashua., N. II.,

Jau.
Jan.
1907
Nov.
Dec.

Jan. 15, 1884
Juno 1. 1913

*

■

260,000
1,200,000
700,000

July 1, 1891

Bridgeport. Conn.
Bridgeport, Treasurer.

A J.

M.
A.
M.
M.

7
7 g.

525,000
2,460,000
1,300,000

July 1, 1913
July 1, 1901

Oct. 1. 1887
'1885

J. A I)

6 g.

250,000
700,000

Nov. 1. 1883
1893 A 1900
Oct. 1. 1883
1881 to 1886

N.Y., Bank of America.

1,164,500
12* 1863
15
13 6SA70
170
92
1869
17 '1870
1879
27
1SS1

Stocks—Last
Dividend.

Whom.

J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
M. .v N.
J. A I).
Nashville.
J. A J. V. Y., Drexel. M. A. Co.
A. A O. Nashv., 4th Nat. Bank.

6
6

300,000

....

66
66

Bonds

Northern Extension

1,000
1,000

Parable, and by

M. A N.
Boston A Nashua.
F. A A. Bort.. Chas B. Brooks.
V. A O. New York A Nashville
J. A J. N.Y.,Metropolitan N.Bk.
I. A J.
do
do
J. A J
do
do

2

1,000
1,000
1,000

*■

Naugatuck—Stock

3
G A 5 g.

300,000

.

88
30
7
48
122
119
119
99

® © Co o

Or

.

pal. When duo.

!

25

....

1857
1873
1881

Hunt—Friuoi

INTEREST OR DIVIDENDS.

Miles
Date
Size, or
Amount
of
of
! Par
'Rate per When Where
Outstanding
Road. Bonds Value.
Payable
| Cent.
I

explanation of column headings, Ac., see notes

For

1

majority of the stock ($3,385,000) is owned by the Louisville &

Nashville RR. Company and pledged among the collaterals for the
trust loan of that company. This company owns $75,000 of the Duck
River RR. 2d mortgage endorsed bonds. In addition to above bunds
there are $25,00 > Centreville Branch bonds out.
For seven months from June 30,1883. gross earnings were $1,413,897,

between Naugatuck Junction and Bridgeport, lias no bonded or floating
debt. Operations and earnings for three years past were as follows:
1880-81, gross. $614,410; net, $201,390; 1881 82. gross, $714,898;
net. $223,784; 1832-83, gross, $712,865; net, $229,99 1. -(V. 35, p.

against $1,378,921 in 1*82 ; net. $052,27.*, against $613 231.
The annual report for 1882*3 was published in the Chronicle V. 37,
p. 321 and 374, and had the following: “ While the sharp competition
of lines and the operating of new railroads has divided the tonnage and
decreased the through business, it is gratifying to observe a large aird
gradual increase in the local traffic, which it is expected will continue,
and thus render your road comparatively independent of the through

Nesqueliouing Valley.—Owns from Ncsquehoning Junction, Pa.,

574.)

to Tameneiid, Pa., 17 miles; Tunnel Branch, Haute, Pa., to Lansford,
Pa., 1 mile; total operated, IS miles. Opened in 1870, and was leased
for 999 years to the Lehigh Coal A Navigation Co. at a lease rental of
$130,000 per annum, lmt with an option for the lessees to terminate it
after 1878.

year

traffic, which often has to he carried at uoii-remunerative rates. The
freights upon the two tlivisions*of the main line for the past two
years were :
1*82-83.
Northwestern Division

1881-82.

Increase.

$165,651
161,596

$455,933
94,164

$109,718
70,432

Total
$730,247
$550,097
$180,150
Tins increase has been attained partially by the encouragement of
the location of blast furnaces, mills and factories along the line and at
“

Nashville, but most of the increase may be accounted for by the bounti¬
ful crops of 1882 throughout the country traversed by your read.”
Income and expenditures for four, years ending June 30 were as follows
INCOME ACCOUNT.

In 1879 the lease

was

modified

only, and the option to terminate

was

so

as

to pay

7 per cent

a

suspended till Sept. 1,1884.

Nevada Central.—Owns from Battle Mountain to Ledlio, Nev.. 86
miles; branch, Leulie. Nev., to Austin. Nev., 7 miles; total. 93 miles.
Stock, $1,000,000. There are, $250,000 8 pr-r cent income bonds due
1930, which are held by the Union Pacific, as also $912,500 of the stock.
Gross earnings, 1882, $110,410; net, $13,731.

local

Chattanooga Division.

«

•

Newark A; Hudson.—Owns from Bergen Junction to Newark.
N. J., 6 miles. Leased to New York Luke Erie A Western at a rental
of $33,000 per annum, which pays interest on bonds and 7 percent
on the stock of $250,000.
Cortlandt Parker, President, Newark, N. J.
Newark Somerset Sc Straitsville.-O vns from Newark, O., to*
Shawnee, ( )., 44 miles. Road was completed in 1871. leased to Sandusky*
Mansf. A Newark for 14 years from Jan. 1, 1872. Operated by the Balt.
& Ohio, which pays 30 per cent of gross earnings, and advances any
additional amount necessary to meet the interest on the debt. Capital
stock, common. $795,400, and preferred. $218,200. Gross earnings in

1879-80.

1881-82.

1882-83.

$
2,099,155

$
2,256,186

$
2,074,583

$
2,283,523

914,407

878,009

833,592

39,006

1,003,668
77,247

gross,

1,000,175

Gross earnings
Net Receipts—
Net earnings

1880-81.

1,878,184
$
541,514

872,598
$
583,577
300,164

1,035,915
$
650,972

N. Y., to Millerton, N. Y., 59 miles. The Dutchess A Col. RR. was sold:
Aug. 5. 1876, and this company was organized Jan. 8. 1877, by the pur¬
chasing bondholders. In addition to above incomes, there are $150,000
1st mort.-7s. due in 1907.
Itj 1880-81, gross earnings $160,649;.
deficit, $11,865. In 1881-82, gross, $184,990: deficit, $3,126. The com¬
stock is $172,000 and preferred stock $715,350. John 8. Schultze*
mon

1880-81, $177,304; net. $41,548; deficit to lessee. $14,451.

Bonds sold, Ac
Total income
Disbursements—
Interest on debt A taxes.
Dividends

Extensions

New equipment, Ac

914,407
-

$

475,320
232,020
54,605
110,560

212,432

186,041

359,551 j

25,621

352,316 1
40,098 f

26,144

248,031 )

Improvement of track...
Real estate
Other improvements
N. West. Div. iuiprovem't
Miscellaneous
Total disbursements.

Balance, surp. or deficit.

.

975,118

2,096,169
755,437
1,223,571 sur 330,478

GENERAL BALANCE AT END OF EACH FISCAL YEAR.

1879-80.

1880-31.

1881-82.

1882-S3.

^
^
Road and outfit.....
14,31 ",899 14,932.355 15,711,4*9 16,194,823
Assets not available
178,593
192,024
439,353
352,876
Inv’tm’ts in st’ks & bonds
419,656
366,450
386,040
472,590
Bills receivable
7,187
26,4*3
30,23 4
8,387
Real estate
93.875
93,875
84,WG4
84,2 46
3 20,219
Due from agents, Ac
80,428
121,946
196,988
Cash
303,161
418,596
325,006
416,536
i

*

15,515,673 16,210,211 1.7,166,797 '17,635,53 i
$
$
$
$
6,818,899 6,670,331 6,670,331 6,670,331
Capital stock
Bonded debt
14,360,899 8,147,000 8, "149,000 8,757.000
5 42,675
5 L 3,395
Profit and loss
206,178
918,167
5 >7,132
Pills payable
659,6S8
247,081
401,222
3 1,53 4
Bal’cedue individ’ls, Ac.
102,49 4
83.48L
140,327
Int'st coupons due July 1
271,305
283,7 40
212,315
279,640
Dividends
14,2 18
03,014
15,082
13,981
8<*,757
53,034
75,665
06,256
:
Pay-rolls, Ac
Int’st on b’ds held by U. S.
153,600
153,600
153,600
153,600
Miscellaneous
3,899
76,639
Total
Liabilities—

Newburg Dutchess Sc Connecticut.—Owns from Dutchess June.

Newburg* Sc New York.—Owns from Vail’s Gate

RR.. at $17,500 per annum,
& Western.

Deficit.

/j £




Junction to
Leased October 5. 1866, to Erie

and operated

now

by New York Lake Erio

New Castle & Beaver Valley.—Owns from Homewood, Pa., to
New Castle, Pa., 15 miles. Road m operation since. 1860. Leased to
Pittsb. Ft. W. A Chic. RR. for 99 years at a rental of 40*per cent on gross

earnings. Lease transferred to Pennsylvania Company. There is no debt.
In 1879. 13 per cent dividends were paid ; in 1880. 13 p. c.: in 1881. 24
p. e.; in 1882,14 p. c.; in 1883, 29 p. c. Gross earnings iu 1883. $406,472;
rental received, $162,588; gross

in 1882, $365,493; rental received,

$146,197.
New Haven Sc Derby.—Owns from New Haven. Conn., to Ansonia.
C )’in., 13 miles. Capital stock is $447,100. New Haven City guaran¬
tees the $225,000 second mortgage, bonds, and has a claim of $75,000.
Gross earnings in 1880-81, $147,564; net. $48,268; in 1881-82. gross,

$166,402; not. $78,389.
-(V. 35, p. 544.)

Iu 188 J-83; gross, $165,597; net, $75,505.

Ne\tf Haven Sc Northampton.—Operated from Now Haven,
Conn., to Norrh Adams, Mass., 123 n ile-; branches—Northampton to
Williamsburg. 8 miles; i a* mne ton Conn., to New Hurt ford. Conn., 14
miles; South Deerfield to Turner’s Falls, 10 miles: to Tariffville, Conn.,
1 mile: leased—Holyoke A Westfield RR., 14 miles; total, 170 miles.
In April, 1881, a controlling interest in the stock was sold to New York
New Haven A Hartford parties.
Operations and earnings for three

past were as follows :
Years.

1880-81-..!

Miles.
144

Passenger
*

Mileage.

1 881 -82

5,612.006
8,726.851

1882-83
Total...

In 1881-2,

net, $13,078; deficit to lessee, $32,921.

Greenwood Junction, N. Y.* 13 miles.

195,798
923,436

;

President, Moore’s Mills, N. Y.

104,465

50,93 L
def. 9,029 sur903,066

$188,937

9,052,680

—(V. 36, p. 80.)

Gross
Net
Freight (ton)
Earnings. Earnings.
Mileage.
18,705,805
$751,614 $298,137
896,270
24.*<*0.865
333,4*7

25,323,564

860,047

266,191

56

KAILROAD

Subscribers will confer

a

STOCKS

AND

BONDS.

great favor by giving Immediate notice of any error discovered in tliese Tables.

DESCRIPTION.
Miles

For explanation of column headings, Ac.,
on

first page

[Voi, XXXVIN.

see

Date
of

of

notes

of tables.

Size,

Road. Bonds

Amount

Outstanding

Value.

Rate per

Cent.

When

Where Payable, and by
Whom.
Payable

Neto Jersey d New Tori:— 1st mort. (reorganization).

2d mortgage,

New

sinking fund (Hudson River)

mortgage} ^S’ooO.OOO 5

30
78

1880
1879
1869

$500Ac.

$275,000
1,449,600

600

200,000

100

100
100
100
121
113
993

1,000

1,500,000

1865
1872

lOOAc.

300,000

500 Ac.

387,500

1880

1,000

812,000

1874
■

1853
1854

£100Ae
100
500 Ac.

4,000,000
89,428,300
6,450,000
2,391,000
1,422,900

1,000

—

cour°n or reg.

|

N. Y. Chicago c(■ St. L.—Stock ($22,000,000 is prof.)
1st mortgage, gold (for $15,000,000) coup, or
leg.
2d mortgage (forJ$ 10.000,000)

Equip, bonds (principal payable $100,000 yearly)
N. Y. City d Northern— General mort
2d mortgage, for $2,000,000
New York d Greenwood Lake— 1st mort., income
2d mort., income
..

840
840
521
513

313
■

62
....

40

'

1881
1883
1882
1880
1881

1875

—

132
132
132
211
200
200

1',6‘do

30,000,000

1,000

9,733,333

100

1873
1873

...

New York d Harlem—Common stock
Preferred stock
Consol, mort., coup, or reg., (for $12,000,000)
N. Y. Lackawanna d Western*—Stock, guar., 5
p.ct.
1st mortgage, coupon, may be registered
2d mortgage, guaranteed

pal,When Due,
Stocks—Last
Dividend.

,

.

New London Nor titer n—Stock
1st mortgage bonds
2d mortgage
Consol, mortgage (for $1,500,000)
N. T. d Canada—1st M., sterling,guar. D.A H. Can.
New Tori: Central d Hudson Hirer—Stock
Premium bonds (N. Y. Central) ext. 10 y’rs, ’83..
Renewal bonds

Bonds—Princi

INTEREST OR DIVIDENDS.

or

Par

50,000.000

l.ooo
1,000
1,000

15,000,000
600,000
4,000,000
3,C97.000
(*)

500 Ac.
....

100 Ac.
100 Ac.
50
50
/ 1,000

900,000
1,800,000

*

8,500,000

100

1872
1880
1883

1,500,000
11,100,000
10,000.000

1,000

12,000.000

1,000

5,000,000

6
6
7

1^
6
7
5
6 g.
2
5
6
7
7
6 g.
6 g.
6
rr

4

6
6
7
7
4
4
7

M

A N. N.Y., Mercantile Ti*. Co.
J N. Yt, Cent.of N.J.Office
J. A D
New York.
New Loudon, Office.
Q.-J.
A. A 0. N. \\, B’k of N. America
J. A D.
do
do
J. A J.
do
do
M. A N.
London. Baring Bros.

J.* A

Q.-J.
M.
J.
J.
J.
J.

A
A
A
A
A

N.
D.
I).
J
J.

N.Y., Gr. Central Depot.
do
do
do
do

do
do
do
do

1910

July 15, 1899
Dec. 1, 1899
Jan. 2, 1884

Wept., 1885
July, 1892
July, 1910 ■
May 1, 1904
Jan. 15, 1884
May 1, 1893
Dec. 15,1887
.

June. 1885
Jan. 1, 1903
Jan. 1, 1903

London.

J. A* I). N.Y., Union Trust Co. 1 Dec!
M. A S.
do
do
Mar. 1, 1923
J. A J. N. Y., Metrop’tan N.
Bk.j 1885 to’94
M. A N. N. Y\,
Company’s Office. May 1, 1910
1911
F. A A. New York, Co.’s Office. 1
M. A S.
do
do
J. A J. N. Y., Gr. Central
Depot. Jan. 2, 1884
J. A J.i
do
do
Jan. 2, 1884
M. A N.j
do
do
May, 1900
N. Y. by D. L. A W.
Q.-J.
Jan. 1, 1884
J. A J.!
New York Agency.
Jan. 1. 1921
F. A A.1
do
do
1923

*i,‘1921

....

1*4
6 g.
5

i

H

!

New Jersey A:

New York.—Owns from Hackensack, N. J.. to
Stony Point, N. Y., 25 miles; leased. Nanuet A New City RR. 6 miles;
Hackensack RR., 6 miles; total operated, 37 miles.
Organized Sept. 4,
1874, by consolidation of the Hackensack & New York ItR. and the
Hackensack A N. Y. Extension Railroad; Receiver appointed in 1877.
and the two roads were
separately foreclosed. The present company was
formed on reorganization in April, 1880. Stock,
$2,000,000 common,'

t800.000 In 1881-82, gross earnings, $220,809; net, $198,410; V.net,
Gross earnings in 1880-SI. $35,003.
21,790. preferred.
L.

Lary, President, Jersey City.
New Jersey Southern.—The road extends from Port
Monmouth,
8andy Hook, to Atco, 70 miles, with branch from Eatontown to Pt. Mon¬

mouth, 9 miles. Tiie property was sold in foreclosure March 31, 1879 (see
Chronicle. V. 28, p. 352), and the present
company was organized July
25, 1879. The capital stock is $1,590,600. The property is subject to

t120,000 onRailroad. River RR. and $200,000 on the Longrhe United
the Tom’s This latter bond is endorsed by Branch A
Shore
ea

depression after 1873, when for

a time the
Pennsylvania Railroad and
Baltimore A-Ohiohad suspended cash dividends,this
companv still paid
8 per cent a year by means of its rich local traffic and small
liability
for rentals or interest. The
operating expenses have varied widely in
different years, and the profits depend very much upon
harmony among
the trunk lines and maintenance of rates.
In the fiscal year 1881-82
the profits were insufficient to pay the 8 per ceut
dividends, and the
deficit was $1,401,608. In 1882-83 the surplus over dividend
payments
was $179,025.
The large decline in the stock in 1883 was partly owing
to general depression, but more to the fact that the
New York West
Shore A Buffalo road, as a closely parallel line from New York to
Buffalo,
threatened to compete sharply for both through and local
business.
The fiscal year ends September 30, but the
company publishes no
annual reports except an abstract of the
figures furnished to the New
York State Commissioners.
Annual report for 1882-3 was published iu the
Chronicle, V. 37, p. 693
REVENUE

ACCOUNTS—1878

1882—FIVE YEARS.
Companies of New Jersey. The above mortgage is for $1,590,600, of
Year
Net fticome, Diviwhich $1,449,600 have interest
guaranteed by the New York A Long ending Passenger
Freight (ton)
Gross
over exp.,
deiids,
Branch Railroad by endorsement of the
bonds, and the Central of New Sep. 30. Mileage.
Mileage.
Receipts. int.Arents, p. c. Surplus.
Jersey agreed to assume those bonds. The road is now operated as a L879.290,953,253
2,295,825,387 $23,396,583 $7,594,485 8 $154,957
part of the Central New Jersey system.
L880.330,802,223 2,525,139,145 33,175,913 10,569,319 8 3,427,736
New London Northern.—Owns from New
London, tlonn., to 1881.373,768,980 2,616,814,098 32,348,395 7.892.827 8
754,484
Brattleboro, Vt., 121 miles, of which 100 miles leased to J. G. Smith and 1882.432,243,282 2,391,799,310 30,628,781 5.743.904 8 *1,401.608
others. This road has been operated since Dec. 1,
1883.429,385,561 2,200,896,780 33,770,722 7,327,156 8
1871, under lease to
179,024
the Central Vermont Railroad; the lease was for 20
Deficit.
years at $150,000
per year, and $15,000 for each additional
-V. 36, p. 286, 340, 536; V. 37,
$100,000 of earnings over
p 48,510, 6 5, 681, 693; V. 38, p.
$510,000 per year. Consolidated mortgage bonds issued to retire all 113.)
other funded and flouting debt and to
New York Chicago Ac St.
pay for branch recently pur¬
Louis.—Buffalo, N. Y.. to Grand
chased from Vermout A Massachusetts RR.
Operations and earnings Crossing, Ill., 514 miles; Grand Crossing to Chicago (leased), 7
for four years past were as follows, and in
1881-82 the expenses include miles; total, 521 miles.
This company was formed in 1881. and
$94,000 expended for steel rails :
becang? familiarly known as flic “ Nickel Plate.”
Of the stock
Passenger
Freight (ton)
Gross
Net
Div
$22,000,000 is preferred 6 per oent. The “ subscriptions” to the bonds
Years.
Miles.
Mileage.
of the
Mileage.
Earnings.
Income,
p. c.
company were on the basis of $13,333 cash, for which were
1879-80.. 100
6,144,189
18,975,296 $591,346 $179,030
6
given $10,000 in let mortgage bonds, 200 shares of preferred and 200
1880-81
100
6,415,412
19,318,243
611,043
shares of common stock, making
197,717
6
$50,000 in all. Ih Oct., 1882, the sale
1881-82.. 100
7,207,081
of a majority of the stock to a
20,421,443
587,384
68.072
6
syndicate took place, including 124,800
1882-83.. 160
7,055,620
22,515,094
shares of common stock aud 140,500
637,712
148,613
6
preferred, at the respective prices
New York Ac Canada.—Owns from
Whitehall, N. Y., to Rouse’s (as reporte 1) of 17 aud 37. Tiie Lake Shore A Mich. So. purchased it, and
I oint, N. Y., 113 miles; branches;
in 1883 $6,500,000 Lake Shore consol,
bonds were issued to pay for
Tieondernga, N. Y., to Lake George,
N. Y„ 4 miles; Plattsburg, N. Y., to
Ausablo, N. Y., 20 miles; West the stock, which is held by the Lake Shore A Michigan Southern Co.
Chazy to Province line, 13 miles; total operated. 150 miles. The whole The annual interest charge, including that on the second
mortgage, will
line was completed Sept. 18, 1876. The road is
leased and virtually be $1,780,000. but on Dec. 31, 1883, only $ 500.00 ) offtlio seconds were
owned by the Delaware A Hudson Canal
outstanding. The first returns made were Sepr. 3o,1883 (V. 37. p. 719),
Companv, which guarantees the
bonds.
The stock is $4,000,000.
Earnings in 1880-81 were $654,519; and for the year then ending gross earnings were $1,63 5,351, and the
net. $217,414; deficit to lessee, $15,517. In
1881-82, gross earnings, deficiency, alter paying $1,080,066 for interest, was $779,483. (V.
$765,556; mt, $195,131; loss to lessees, $41,303.
36, p. 140, 312, 427, 731; V. 37, p. 23, 445, 719.)
New York Central Ac Hudson.—Line of
New York City Ac Northern.-Owns from
Road.—Owns from
157th Street In 8th
New York City to Buffalo, N. Y., 442
miles; branches on New York Avenue, New York City (eonnoctiug with Metropolitan Elevated), to
Central division, 298 miles; total owned, 748 miles; lines leased— Brewsters, N. Y., and branch, 54‘miles. This
company
March 1, 1878, and acquired the N. Y. West. A Putnam was organized
Troy A Greeenbusli, 6 miles; Niagara Bridge A Canandaigua, 98
(formerly the
Spuyteu Duyvil A Port Morris, 6 miles ; New York A Harlem, 127 miles; N. Y. A Boston Railroad), sold in foreclosure March, 1876. The com¬
miles;
Lake Mahopac, 7 miles; total, 245 miles;
—
" ~
”
••
grand total. 993 miles. The pany iu May, 1880, leased the West Side A Yonkers road for 999 years,
second track ow
wned is 508 miles; third track. 317
and the consolidated mortgage was issued to take
miles; fourth track, of
up all the other bonds,
298 miles; turnouts, 566 miles
which $274,000 under a prior
-making a total of 2,684 miles of track
mortgage were
owned by the company.
1881. Stock is $2,990,000. Default was made in outstanding Nov. 1,
interest due May 1,
Organization, Ac.'-This company was formed by a consolidation 1832, and foreclosure is pending. See proposed plan of
reorganization,
of the New York Central and the Hudson
V. 36, p. 366, 690.
Gross earnings in 1381-82, $237,661; net loss,
River railroads Octobei
1,1869. The New York Central was a consoliiation of sevcial
$71,ill. (V.. 35. p. 132. 321, 374; V. 36, p. 162, 366,
roads
699$ V. 37, p. 342,
under a special law of April 2, 1853. The
Albany A Schenectady Rail¬ 667; V. 38, p. 87, 203.)
road, opened .September 12, 1831, as tin* Mohawk A
New Yrork Ac Greenwood
Hudson, was the
Lake.—Owns from Jersey City, N. J.
first railroad built in the State of New York. The
Hudson River Rail¬ to Greenwood Lake, 18 miles; branches
road was chartered May 12. 1846. and road
Ringwood Junction to
opeyed October, 1851. The Ringwood, 2 miles; North Newark to Orange, N. J., 8 miles; total, 58
Athens B ancli (Saratoga A Hudson
River) was leased in Nov., 1881, uiiles. This was the Montclair Railroad,
TO

*

..

—

for 475 years to the New York West
Shore A Buffalo, and the rental for
whole, period commuted for $

100,000.
Bonds.—The famous scrip dividend of 80
percent

Stock and
capital stock of the New York Central

on

the

was made in
December. 1868.
and on the consolidation with the. Hudson
River road
further dividend of 27 per cent was distributed on (Nov. 1, 1869) a
rhe New York
Central stock and 85 per cent on the Hudson River
stock.
In Nov¬
ember, 1879. 250,000 shares
($25,000,000) were sold to a syndicate
of bankers by Mr. W H. Vanderbilt at the
price of 120, and'100.000
shares more afterwards. Dividends of 8
per cent per annum has been
paid since 1868. Prices of stock since 1870 have been: In
1871. HlQg)
103S8; in 1872, 89 2) 10178; in 1873. 77V2'106le; in
1874, 95^2)10558;
in 1875, 100S> 107^': in 1876. 962,117D
; in 1877,

854a,T094; 1878,
UKUUrt 115; in 1879, 1122139; in 1880, 12221553b:
in
@155; ill 1882, 123^2'138; in 1883.llL^o) 1291b; in 18841881,1304
to Feb. 16.
1107s 2 118 ^2.
The mortgage for $40,000,000 was issued to
lay the third and fourth
tracks, with a balance retained by the companv to retire all
prior bonds,
.and for further improvements. The 6
per cent bonds falling due in 1883
were extended for 10
years at

5 per cent.

Operations, Finances, Ac—The New York Central A Hudson
River
has been conspicuous in its operations
among the trunk linos, and the
policy of the .company has dt fibre 1 from the others in some
particularly in not branching out and taking leases of lateral respects,
roads or
extensions, but in placing a heavy outlay of
capital on the maiu line
from IButtalo to Albany for the four
tracks.
During the period of




opened iu 1874. It was sold
and reorganized as Montclair A
Greenwood Lake, and again sold
October 12, 1878, and the present
company organized. The New York
Lake Erie A Western purchased a
controlling interest in the property
and now operate it. The. holders of the
second

mortgage bouds have
right to pay off the first mortgage bonds of $900,000 at 105, and thus
gain control of the property. The stock is
$100,000 ; advances due to
the Erie $101,629; to Cooper A Hewitt
$10,197. In 1881 the net deficit
on operations was
$41,003; net earnings in 1832 $20,411. Abram S.
Hewitt, President. (V. 36, p. 67 3 ; V. 37, p. 151.)
a

New York Ac Harlem.—Owns from New York
City to Chatham
N. Y., 127 miles. From Chatham to
Albany, 24 miles, the Best. A Alb.
RR. is used.
This company owns 582 miles of street railroad—the
Fourth Avenue line. The

property (except the horse railroad)

was

leased

April 1, 1873, for 401 years, to the N. Y. Central A Hudson Riv er RR.,
at a yearly rental from tiie lessee of 8
per cent dividends 011 the si ock and
the interest ou the bonds. The Fourth ave.
horse railroad, together with
valuable real estate, was retained by this
company, and extra dividends

are

paid out of the receipts therefrom annually in

April.
operations
of the main road are included with those of
the N. Y. Central A Hudson.
New York Lackawanna A:
Western.- From Binghamton to
Buffalo and International Bridge, 211 miles, built under the
auspices of
Del. Lack. A West. Opened Oct. 1882, aud
leased to Del. Lack. A West,
for 99 years, with a
guaranty of the bonds and 5 p. c. yearly on the stock.
The latter guaranty is written across tLe face of the
certificates and signed
by the D. L. A W. officials. (V. 35, p. 22. 71. 95, 266, 373, 405; V.
36, p.
_52. V. 37, p. 68.)
All

February,

STOCKS

RAILROAD

1894.]

AND

BONDS.

57

Subscribers will confer a great iavor by giving immediate notice of any error discovered In these Tables.
INTEREST OR DIVIDENDS.
Date
Size, or
Amount
of
of
Par
Rate per l When Wliere Payable, and
Whom.
Cent.
Road. Bonds. Value. Outstanding
[Payable,

DESCRIPTION.
For

explanation of column headings, fee., see notes
on first page of tables,

y. F. Lake

1.060

Erie <& West.—Stock, common

,

.

income bonds (non-cum.)

1,000

7,987,500
2,482,000

1,000
1,000

2,149.000
4,852.000

1,000

2,926.000
709,500
182,600
3,000.000

100

,

500 Ac.
100 Ac.

1,000
1,000

16.656,000

500 Ac.
1.000
500 Ac.
300 Ac.

1,000
•

203
123
12
12
421
421

1893
1373
1831

j

•

•

•

ioo

■

'

2d mort., coup, or reg

-

1,000

1832

Mortgage bonds, reg. (for $5,000,00 ■)
Harlem A Portchester. 1st mortgage guaranteed.

Western—Preferred stock

....

1876
1982

Stock*—Last
Dividend.

2,000,000
2,000,000
1,000.000
2,000,000

6
7
5 g.

!

IS Cortlandt St.
do
do
do
do
S.i
do
do
SJ
do
do
O.
do
D.
do
uo
do
J.j
do
do
D.]
S. New York and London,
do
S.
do
do
do
N.j
do
do
D.
do
do
D.
do
N.
do

Yearly.

N.Y

L\f. A N.

}M. A

M. A
4^
A. &
J. &
7
J. A
J. A
7
M. A
7 g. M. A
6 g. !M. &
6‘ g- J. A
6
[J. A
M. A
6

?g'

'

N.
6 A 7
6
6
4

5
4
6 A 7
4
12

J.

A

Jan. 15.1884

May 1, 1897
8ept. 1, 1919
Mar. 1, 1923
Oct. 1, 1920
June 1. 1888

July 1, 1891
Jan.

1893

,

Sept. 1, 1920
Sent.
Dec.
Dec.
June
Nov.

1920
1, 1908

1,
1.

1969

1, 1977
1, 1922

Y., 119 Liberty St.

J. Bost.,Treasuier’s Office,
do
do

Jan., 1905

Aua:. 1, 19021
1883-92
1683-92
Various!
J. A J. N.Y., Grand Cen. Depot. Jan. 2, 1884
June 1, 1903
iJ. A D.j
do
do
1903
do
do
[A. A O.L
Juue1.1911
J. A D.i
do
do
Marbh 1, 1883
F. A A.
A. A O.

..

58,113,982

....

New York
Lake Erie A: Western.—Line of Road.—This
company- operates a
system of nearly 1.900 miles of raiiroaa,
requiring a map to show plainly the ten itory occupied. From Sufferns,
N. Y., to Dunkirk, N. Y., 430 miles: branches—Piermont. 18 miles; New¬

burg. 18 miles: Buffalo. 60 miles: Erie International RR.. 5 miles;
Rutherford to Ridgewood, 11 miles; leased—Montgomery A Erie RR.,
10 miles; Goshen A Deckertown, 12 miles: Newburg A New York,
13 miles; Paterson Newark. A N. Y., 11 miles; Hawley A Honesdale, 24
milet; Jefferson RR., 37 miles; Buf. Brad. A Pittsburg and extension. 66
miles; Buff. N. Y. A Erie, 140miles; Suspension Bridge A Erie Junction.
23 miles; KochesttrA Gencssce Valley, 18 miles; Avon Gen. A Mount
Morris, 17 miles; Patersou A Hudson. 15 miles; Paterson A Ram., 15
miles; Loekport A Buffalo, 13 miles : Buffalo A Southwestern, 68 miles;
controlled—Newark A Hudson, 6 miles; Weehawkeu New York A Fort
Lee, 5miles; Northern of N. J., 25 miles; total operated, 1,060 miles.
On May 1, 1883, began to operate the New York Pennsylvania A Ohio
underlease, 565 miles in all. including leases; and on May 14, 1883, the
Chicago A Atlantic road was opened from; Marion. Ohio (on the New
York Pennsylvania A Ohio), to Chicago, 208iiniles, and under .control of
N.Y1. Lake Erie A West, gave a complete line from New York to Chicago.
Organization, Leases, Ac.—The New Yoik A Erie RR. was chartered
April 24, 1832, and the State of New York loaned the company $3,000,000, and after financial difficulties the road was opened to Dunkirk, the
Western terminus, April 22,1851. The company defaulted aud reor-

fanizationpreferred stock beingthe name of for certain obligations. The
was made under then issued Erie Railway Co., June 25.
861, the

Erie Railway.defaulted on its bonds in 1875, and was sold
under the second consolidated mortgage in 1S78. The

508.008

15,500.000

1,000Ac
1,000
1,000

3,701.628
2.500,000
33,597,400

5,000.009
2,000.000
1,500,000
17.137,000
10,000,000
3,000,000
1,400,000
1,849.000

....

1882
380
263

Next' Ilarcn d Hartford—Stock

do
do
Sew Yox'k Ontario &
Common stock

.

36

Mortgage bonds
y.T. & Ar. Exif/land— Stock ($20,000,000 autli’rized)
1st mortgage, new ($6,000,000 are 7s)
2d mortgage (for $5,000,000)
C;ix trust certificates
Debts for terminal property and notes
tfexc York

.

1847
1879
1853
1857
1858
1861
1863
1370
1878
1878
1878
1878
1882

Reorganization 1st lien bonds, gold.
N. Y. L. E.,A W., 2d consol, mort., gold
Trust bonds, with collaterals
Nexc York dLonu Branch—Stock

pal,When Due.

by

$100 $77,087,600

1,060
Preferred stock
1st mortgage (extended in 1867 to 1897)
2d mortgage, convertible (extended in 1879)
3d inorL, (extended 40 years at 4^ p. ct)
4tk mort., conv. (extended in 1880 at 5 per cent)
5th mortgage, convertible
:
Buffalo Branch Bonds
Long Dock Co. mortgage
1st consolidated mortgage, gold
do
do
funded coupon bonds
do

iBonas—rrmoi-

Miles

in foreclosure

present com¬

organized and took possession June 1, 1878. Under the
plan of reorganization the common stock paid a cash assessment < f $1
per share and preferred stock $2 per share.
By the terms of the plan
one-half of the stock, both common and preferred, is issued to “Voting
pany was

Trustees” in London, who shall vote on them until the dividend on
the preferred stock (6 per cent) has been paid for three consecutive
years (See V. 36, p. 1).
Stock and Bonds.—Preferred stock has a prior right to 6 percent

fnon-cumulative' from the net profits, “as declared by the board of
directors,” and in Jan.. 1883, it was decided by the U. S. Circuit Court
that when sufficient earnings were shown the d;,ideud must be paid.
There have been paid on the preferred stock since reorganization
dividends of 6 per cent each for the years ending Sept. 30, 1861, 1882
and 1883.
Prices of stock since June, 1878, have boe.i as follows:
Common—Iu 187^, 7r,*S 22 *2; in 1879, 21
49; in 1689, 30^51 h=j; in

1881, 393*352V. in 1882, 334i«>U\; in 1883. 20^640^; in 1881
2438 5 26-*8. Preferred—Tn 1878, 2138; in 1879, 37a
78%; in 1889, 47 6 93%; tn 1881, SOigS'UG-i; in 1882, 67; in 1883.
‘72 a S3 ; in 1884 to Feb. 16, GO % 6 70.
to Feb. 16,

DebitsPavonia ferries—expen.
Interest on funded debt

Long Dock Co.bds.—int.

1879-80.

1880-81.

1831-82.

$216,318

$249,643

$215,108

3,963,872
210.000
64,453
131,928

4,149.745
215.000
61,453
86,914

4,316,369
210.000
64.453
50.908
704,361

Weebawk’n Docks— iut.
Guaranteed interest
Rentals of leased lines.
662.952
Sus. Br.A E.J.RR.—rent
25.704
Paterson AN. RR.—rent
11.327
Other expenses
755.955
Total debits
$6,0 12,5it)

689,802
17,901
4.279

1892-83.

$

18,296

944,496
892,198
$6,4.16,203 $6,501,693 $6,968,978
Surplus income
$1,790,020 $1,387,417 $1,166,642 $1,265,485
-(V. 36, p. 2, 30, 81. 170, 209, 221, 312, 340, 366, 427, 479, 561, 675;
V. 37, p. 49. 291, 3 13. 479, 510, 534, 595, 667; V. 35. p. 87, 203.)
New York A Long Branch.—The following-named companies
were consolidated on December 21, 1881: New York A Long Branch
RR.. from Perth Amboy to Long Branch. 23 miles; New Egypt A Farmiugdale RR., from Long Branch to Ocean Beach, 7; Long Branch A
Sea Girt RR., from Ocean Beach to Sea Girt. 3; New York A Long
Branch Extension RR., from Sea Girt to Point Pleasant, 3 ; Long
Branch A Barnegat Bay RR., from Point Pleasant to Bay Head, 1;
,

....

3S"miles. The Central RR. of New Jersey holds a ma¬
jority of The stock, and by contract of Jan. 3, 1892, the Pennsylvania
Railroad and Central of New Jersey agree to pay 32 per cent of gross
traffic—$206,000 per year as a minimum to $240,000 as a maximum.
When the Philadelphia A Reading leased the Central of New Jersey,
litigation was begun to deprive the Pennsylvania Railroad of further use
of this route, and the suit is yet pending.
(V. 37, p. 343.)
total length,

New York A- New England.—The mileage own I'd is as fol¬
lows: Boston to Hopewell Junction, 215 miles; Wicopee to Newburg, 3

miles; Providence to Willimantie,58 miles; branches—Newton. Mass.,
to Woonsocket, R. I., 23 miles; East Thompson,
Conn., to Southbridge, Mass., 17 miles; Elmwood to Dedham; Mass., 1%miles; Charles
River to Ridge Hill, Mass., 2 miles; Dorranee Street, iu Providence,
1 mile; total owned, 326 miles.
Leased—Franklin to Valley Falls, 14
miles; Vernon to Rockville, 4 miles; Springfield to E. Hartford, Ac., 34
miles; Norwich A Worcester RR., 66 miles; total leased, 119 miles; also
has running arrangements ov-.r 26 miles more. Total, 471 miles.
The former Boston Hartford A Erie Railroad became insolvent and was
succeeded by this company, formed iu 1873. The Boston Hartford A
Erie’s principal debt was the Berdell mortgage for $20,000,000, which
was made exchangeable into the stock of this present company, and on
Sept. 30. 1883, $2,8t)3.000 yet remained to be exchanged.
Iu 1*78-9

the company acquired the Hartford Prov. A Fisbkill RR. by the payment
of its bonds.
In June, 18*2, $5,000,000 new bonds were authorized,
and stock owned by the State of Massachusetts was sold to the stock¬
holders at 50 per cent, while the second mortgage bonds to the amount
of $1,737,000 were issued to the State of Massachusetts.

coupon bonds are secured by lien of consolidated
on January 1, 1894, the company was unexpectedly thrown into the
On the second mortgage aud second funded coupon no
can take p'iice rill six successive coupons are in default,
hands of a receiver on application of the new President, Mr. C. P. Clark,
but all of one coupon must be paid before any part of a subsequent who w;is appointed the receiver.
coupon is paid. In 1862 the itorganization first lien bonds dated 1S78
On the completion of the line to Fislikill on the Hudson and the trans¬
were issued to procure money for laying double track west of Hor
fers there from the Erie ami West Shore roads in 18-3, the business was
nellsville to complete the double track Throughout. These bonds rank- large, but it was not profitable, as this road, without complete double
next to the first consolidated mortgage and its funded coupons.
In truck, Ac., was not prepared for it, and the report for year ending Sept.
1883 the collateral trust l ouds were issued, amounting to $5,000,000. 30, 1883, showed a deficit in.income account of $631,604. The opera¬
See V. 36, p. 221.
tions of the Norwich A Worcester road are kept sepuate. Sec annual
Operations, Finances. Ac.—The income account for the pqst three report for year ending Sept. 30, 1883, in V: 37, p. 593. Operations, Ac.,
j cars has shown a considerable surplus over fixed charges, but the
tor three years past were:
position of the company has so decidedly changed by the additional
Gross
Passenger
Freight (ton)
Net
Miles.
Mileage.
Mileage.
Earnings. Earnings.
outlay of capital, increase of charges, and acquisition of new properties, Years.
(particularly the new lines in 1863, that the past record furnishes little 1980-81
325
46.738,566
64,562,865 $2,692,374 $850,876
uiide for the future. For two months from Sept. 30, 1883, gross earn¬ 1891-82
390.
55.853,672
103,668,653
3.268,810
909,194
ings were $4,592,128, against $3,637,834 iu 1S82; net, $1,546,446
1SS2-S3
53.815.074
153,213,910
3,568,652
555,037
against $1,400,535. The annual report for the year ending September —(V. 30. p. 90. 510; V. 37. p. 446, 593, 667: V. 39. p. 1,30, 60,148, 263.)
30, 1863, will show the brief results-stated iu the table below. In Feb..
New York New* Haven A Hartford.—Owns from Harlem June.,
1864, the report could not yet be obtained.
N. Y., to Springfield. Mass., 123 miles; branches to New Britain, MiddleThe annual report for year ending Sept. 30, 1882, was published in town nndSuffield, 18 miles; leased—Harlem A Portchester RR.. 12 miles;
the Chronicle, V. 35, p. 635. The operations and earnings for four Shore Lino RR., 50 miles; Boston A New York Air Line and branch, 54
years past "were as follows:
miles; total operated, 257 miles. This was a consolidation July 24,
Operations—
1S79-80.
1860-81.
1881-82.
1892-83. 1872, of the New York A New Haven aud the Hartford A New Haven
railroads. The company uses the N. Y. A Har. RR. from Williamsbridge
Passenger mileage... 180.460.204 200.483,790 225,130.883
into N. Y. City and pays a large rent therefor.
Rate p. pass. p. mile.
The company leases the
2*041, cts.
2 016 eta.
1*947-eta.
Har. Riv. A Port. RR. and guarantees the bonds. In Nov.. 1882, the
Freight (tons) miTge. 1721112095 1984394855 1954389710
lease of the N. Y. A Boston Air Line for 99 years at 4 per cent per an
Av. rate p. ton p.mild
0*836 cts.
0*05,cts.
0*749 cts.
The

funded

mortgage.
forech sure

Earmnys—
Passenger
Freight.

$
3.6*2,951
14,391,115
Mail, expr’s,rents,Ac.
619,042
Total gross earn’gs.

18,693.108
Operating exp’nscs 11,643,925

$
4,041.267
15,992,275
682,063

$
4.384,510
14,642,128
949,136

$

20.715,605

19.975,7^4

22,802,247

13,256,230

13,088,093

15,444,583

the preferred stock was made. In Sept.. 1882, the stock of the
Hart. A Conn. Val. road was purchased. Iu April, 1881, a controlling in¬
terest was bought iu the N. Haven A Northampton HR. stock, by parties
iu the interest of this company.
Iu 1893 the mortgage for $5,000,000 at
4 per cent was authorized, to be issued as required m making improve¬
ments on the main line.
Fiscal year ends September 30.
limn on

Operations since 1881 include Shore Line road. Gross receipts from all
and net income over rentals and all charges, have been as follows:
Passenger Freight (ton)
Div.
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Income, p.c.
Receipts.
1881-82. 203
185.261,407 117.469.231 $5,937,803 $1,699,688
10
1982-83. 257 196,330,629 131,051,708
1,583,188 10
6,729.374
(V. 36, p. 28. 81, 170, 304, 510, 611, 731 ; V. 38, p. 59 )
New York Ontario A Western.—Owns from Oswego, N. Y., to
Middletown, N. Y.. 249 miles; branches to Courtlund, N. Y..43 miles;
to New Berlin. 22 miles; to Delhi, 17 miles; to Ellenville, 8 miles
sources,

Net earnimrs
P. c. op. exp. to tarn’s

7,049.183
62*29

7.459,375
64 00

6.887,661
65*50

7,357,6G4
67*73

$6,887,681
780,654

$7,357,664

844,306

$8 303,681

*7.6G8.335

$8,234,403

PROFIT AND LOSS.

Credits—

Net earnings
Other receipts
Total credits....




$7,049,183

783,957
$7,833,140

$7,459,375
4

676,799

RAILROAD

58
Subscribers will confer

a

Miles

explanation of column headings, Ac., sec notes j
on first page of tables.

New York Penn. <t: O/iio—Prior lien bonds, gold,$&£
1st inert., gold, incomes till July, 1395, $ A&...
2d mortgage, iiuiomcs. $ A .£
3d mortgage, incomes, $ A: X
N.Y. Pittsburg it Chie.—l^t M., gold ($18,000 p. m.)

Firstmortgago, Midland of New Jersey
Mortgage, gold, on Paterson Extension

Date
of
of
Road. •Bonds
■

$500Ac.
500 Sec.
500 Ac.
500 Ac.
500 Ac.
100

38,371,000
14,500,000
30,000,000

460
....

12
72
*

Debenture bonds

....

.gold, 1. g. (for $8,01)0,000)'
Ji.Y. We.it Shore d Buffalo—1st M.. gold, coup. At reg.
W. Shore At Out. Terminal Co
1st M.. gold, guar.

463
10
-98
75
75

•.

if: Southern— 1st
2d mortgage, income (cumulative)

....

428
80
.ff.

5‘ S

PetersbTg

do

3d

1881

1882
....

1880
1881
1831

1,000

81
133
133
.133

1833
1884
1868
1866
1866
1866

2
7
4
6

2,500,000

500 Ac.

3,500,000
250,000
600.00 )

1,000
500 Ac.
500

6 A 5
6
6
6 g.
5 g.

3,000,000

1,000Ac
1,000Ac
1,000
....

1,000

1,000
1,000
1.000

1,000

1,009

1,000
1,000

g.
g.
gg.

6 g.

*

1.000

1,000

..

1381
1 882

CO

0
7
«r>
5

3,000,000
1,000.000
300,000

.

1 •Convertible debentures'
Norfolk As Petersburg—2d mort
(South Side—1st prof, consol, mort
do
2d
do
guar.

18.82

563
563

.

Improvement it Extension Mortgage

1809
1881
1881
18yo
1881

1883

,

Car t rust

....

1882

N.Y. Wood haven d Bockawai/.— 1st mortgage

Sinking fund debenture certificates
Norfolk a Weslei n.—Common stock
Preferred (♦> per cent) stock
General mortgag, gold (for $11,000,000)
1st M., gold, on New Riv. div, (cp., but may bo rg.)

Rate per
Cent.

$8,000,000

18so
1880
1880
1881

114

Stock
mortgage, gold

Outstanding

Amount

1880

72
50

Niagara Bridge d: Canandaigua

or
Par
Value.

427

N. Y. Tix *£• Jler.— 1st M

do

|Vol. XXXVIII.

Bo mts—Pllucj*

INTEREST OR DIVIDENDS.

Size,

460
460

N. Y. Prov. d: Bouton—(Stonington)—Stock
First mortgage
1st mortgage
N Y. Susqueh.d- Western — New inert.., gold

Nor)oik

BONDS.

ANI)

great favor by giving immediate notice of any error discovered in these Tables.

DESCRIPTION.
For

STOCKS

50,000,009
5 g.
(?)
6 g.
600,000
3
1,090,000
o g.
900,000
1,000,060
6 '
6
250,000
7,000,600
15.000,000 3l2 scrip
6 g.
6,560,000
c g.
2,000.600
552,400
o'
2,500,000
(?)
8
496,000
8
603,000
.

200 Ac.
200 &c.

6
6

491,300
452,800

When

pal,When Due.
Payable, and by Stocks—Last
Whom.
Dividend.

Where

Payable

M. AS. London and New York. March 1,1895
A J.
do
do
July 1, 1905
M. A N.
do
do
May 1, 1910
M. A N.
do
do
Nov.. 1915
J. A J.
New York Agency.
July 1, 1921
Q.—F. !N. Y., M. Morgan’s Sons. Feb. 11,1884
J. A J.
do
do
July 1, 1899
A. A O.
do
do
April 1, 1901
J. A J. N.Y., Central Trust Co. July 1, 1911
A. A O. N. Y Nat. Park Bank.
April 1, 1910
J. Sc 1).
N. Y., 93 Liberty St.
1911
J.

,

A.
J.
F.
J.
A.
M.

A
A
A
A
A
A

O.
J.
A.
J.
O.

New York A London.
Now York or London.
do
do
N. Y., Fisk A Hatch.

8.

New York.

Yearly.
A. A O.

N- Y., Dominick A D.

Aug- 1, 1897
Oct.

1,

1912

July, 1931
Aug. 1, 1923
Jan.
Oct.

1, 1902
1, 1883
.Sept, 1, 1920
Jan. 1, 1970
Oct, 1, 1892

Q-—Mel)
M. A N. N. Y. and Philadelphia.
A. A O.
N. Y., 34 Pine Street.

Jan. 15,1884
May 1, 1931
April 1, 1932

M’lithly
-

*

1894
J.
J.
J.
J.

A J. N.Y., Union Nat. Bank. July 1, 1893
N. Y., Nat. Park Bk.
A J.
Jan. 1,’85-’9U
A J.
Jan. 1. ’85-90
Petersburg, Yu.
A J.
do V
do
Jan. 1,’96-1900
'

leased—Middletown to Cornwall and thence to Weehawkcn, 77 miles;

York Ac Oswego Midland,

total operated, 421 miles.
This was the New York As Oswego Midland. Main line was opened
July, 1871. Default was made in 1873. The main line was sold in fore¬
closure November 14, 1879.
The present company was organized

1875, and

From assessments about $10,000,000 was realized,
the holders of first mortgage bonds taking new common stock without
paying any ass psuient. and tlm holders of receivers’ certificates taking
new preferred stock.
The terms of reorganization forbid the placing of
a mortgage ahead of tin sc stocks.
In September, 1881, agreements were made with the New York West
Shore A Buffalo road. The stockholders of record August 5, 1882, had
the privilege of taking $10,000,000 of tlm first "mortgage 5 per cent
bonus of the New York West Shore Ac Buffalo Railroad oil paying 50 per
cent in cash, as these bonds had been received by the New York Ontario
A Western for building the road between Middletown. Cornwall and
Weehawkcn. (See terms of alliance with tlie Now York West Shore Ac
Buffalo below under title of that company). Preferred stock to receive
6 per cent (lion-cumulative) lrom net earnings; surplus goes to common.
.In March, 1883, dividends for two years were paid on preferred stock.
In 1883 and subsequently the rental due New York West Shore Ac
Buffalo is $500,009 per year, le.'S tbo accounting for use of track of
January 22, 1880.

that company.
The annual report

for year ending Sept. 30. 1883, was in V. 38, p. 148.
showing Hosting debt of $2.311,808 (afterwar l reduced to $1,221,100
by Jan. 16, 18'4). Gross earnings were $1,357,778 and net $159,702.
In 1881-82, gross, $1,030,504; net, $188,291.
(V..30, p. 250 ; V. 37,
p. 719, 87, 146, 148.)
New York Pennsylvania A; Ohio.—Owns from Salamanca*
N. Y., to Dayton, O., 388 miles ; branches—Meudville, Pa., to Oil City*
33 miles; Junction (main line) to SilverCre» k, O
2 miles; total owned*
,

423miles. Leased lines—Cieve. Ac Mahon. KR., Cleveland, <)., to Pa. Line*
.and branch, 81 miles; Niles A: New Lisbon Kit.. Niles to New Lisbon, 30

miles; Liberty Ac Vienna RK„ Vienna June! ion to Vienna, S mile's; Ohio
Line to Sharon. Pa., 2 mile; Sharon ll’y, and extension. 17 miles; total

©pointed, 505 miles.

Changed to standard gauge June. 1880. Formerly
Atlantic Ac Great Western Railway. Sold July 1, 1.871, and leased to
Erie on May 1, 1874, but lease not carried out. Again sold Jan. 0, 1880,
and reorganized by a Loudon committee of stock add bond holders.

.{See V. 30. p. 143.)

Five trustees exercise the voting power

of tin* now stock until the third
cent interest, in cash during three years.
‘The first mortgage bonds bear 7 per cent, whatever portion of this that
inay not be earned to be payable in deferred warrants, to be capitalized
in bonds of the same class ; payment of interest to become absolute not
later than July 1, 1895, ami until June 1, 1895, the right to foreclose
'tnorf. bondholders reeeivo 7 per

the mortgage is suspended. On January 1,1882, tne coupon on 1st
mortgage bond was passed. On the second and third mortgages there
is no right to sue the company or to foreclose. The stock is—preferred

$10,000,000:

common.

$35,000,000.

There were certain A. Ac (It. W. ‘‘leased lines rental trust ” bonds
Issued by the old company secured on the income from leased lines, but

they have no lion upon the property of the present company they
omitted.
From May 1, 1883. leased to N. Y. Lake Erie A Western. The terms of
the contract provide that the New York Lake Erie Ac Western, as lessee,
shall pay the minimum sum of $1,757,055 yearly (the net earnings of
1882); the actual rental will bo 32 per <3.nt of all gross earnings up to
$6,000,000, and 50 per cent of all gross earnings above $6,000,000,
until the average of the whole rental is raised to 35 per cent, or until
the gross earnings arc $7,2o0,000, and then 35 per cent of all earnings.
But if 32 per cent of the gross earnings should over bo less than tlio
$1,757,055 to be paid yearly, then the deficit is to be made up without
interest out of the excess in any subsequent year. Out of the rental
paid, the N. Y. P. Ac O. lias to pay its interest and rentals, and for five
years a payment of $260,000 a year to the" car trust.
The annual report in Y. 36, p. 398, gave the gross earnings for 1882,
as

arc

t5,831.082; netincome, $_\02S,011; 375,122.)
6, p. 252, 286,366, 398, 427; V. 37, p. disbursements, $2,111,691. (V.
New York Pittsburg Sc Chicago.—This was the projected line*
from Reel Bank, J’a., to Huntington, Inu., and to Chicago, forming a west¬
ern connection for the Central of N. J.
The company was building from
Wampum. Pa., to Marion, O., 165 miles, and the whole route was to ex¬
tend from New York City to Marion, O. Ifenry
Day, N. Y., is trustee
of the mortgage, and Gen. J. 8. Nogley, Pittsburg, is President.
New York Providence & Boston.—Owns from Providence. R.
I., to Groton, Conn., 62 miles; Warwick RR., 10 miles; operates also
.Pawtuxet and Pontiac branch roads, 10 miles; total operated, 82 miles.
•Owns a majority interest in the Providence Ac Stonington Steam shR
Line, which has a capital of $1,400,000. Operations and earnings for
two years past were :
Passenger
Freight (ton)
Gross
Total net Div.
Years.
Miles.
1881-82 .72
.1882-83..72

Mileage.
23,836.502

Mileage

Earnings.

Income,
p. c.
$375,079
8
4:9,139
8
Sc Western,—West End, N. J., to

14.700,005 $1,0( 5,850
15,334,287 1,133,445

27,016,757
New York Susquehanna

Unionville, N. Y., 72 miles; Two Bridges, N. J., to Gravel Place. Pa., 50
miles; branches, 9 miles. I.easod Unionville to Middletown, N. Y., 13
miles; Loiii Branch, 2 m.les; total owned, leased and operated, 146 miles.
The New Jersey Midland was built as a connecting line of the New




was

and went into receiver’s hands March 30*
sold in foreclosure Feb. 21, 18S0, and the Midland of

New Jersey was organized. The New York Susquehanna Ac Western waa
a consolidation in June, 1831, of the Midland of New
Jersey, the Pater
son

Extension, the North Jersey, the Pennsylvania Midland and tlie Mid

land

Connecting railroads.

Stock,

common,

$13,000,000;

preferred

(cumulative 7 per cent), $8,000,000. Tlie amounts of stock were reduced
in 1882 from $20,000,OoO coin, and $10,000,000 pref., as first authorized.
The New Jersey Midland junior securities were exchangeable into stock
of this
company on certain terms, and the status of the securities was
fully stated in the Chronicle. May 12, 1882. (see V 36, p. 536.)
In 1882, the gross earnings were $725,957, and net $247,956.. In
1883 gross

earnings

$382,500.

were

$1,038,655

;

net, $100,064

;

interest

on

bonds,

(V. 36, p. 81, 536, 588 ; V. 37, p. 23.)

New Y'ork Texas Sc fflexicau.- Liue projected from Rosenborg
Junction, Texas, to Brownsville, 350 miles. July, 1882, 92 miles in
operation. Mortgage $22,850 per mile, covering 5,120 acres of land
(so far as obtained), 1 elf the grant, which is 10,240 acres per mile.
Stock, $2,000,000. See V. 36, p. 479.)
New

Y'ork West Shore Sc Buffalo.—(See Map.)—This was
consolidation) in July, 1831, of the New York West Shore Ac Buffalo,
the Jersey City & Albaujr and the North River railroads. The line of
road is from Weehawkcn, N. J., to Athens, on the Hudson River (with
branch to Albany), and thence to Buffalo (425 miles), and
connecting
with the road of the N. Y. Ontario Ac Western at Middletown, N. Y., by a
branch from Cornwall on the Hudson, total length 472 miles.
The
company also has a contract with the N. Y. Susquehanna Ac Western RR.
to run its cars from Little Ferry. N. J., over the tracks of that road to the
Pennsylvania Rlt. Depot in Jersey City. At the western terminus
reaches Suspension Bridge and International Bridge over the N. V. Lake
a

Erie Ac Western 1 racks.
The N. Y. Ontario Ac Western built from Weehawkcn to Cornwall and
from Cornwall to Middletown for the N. Y. West Shore A: Buffalo, iu
consideration of receiving $10,000,000 mortgage bonds and $2,000,000
stool: of the N. Y. West Shore Ac buffalo. Then the N1 Y. Ontario Sc
Western leases from tin* N.Y. West Shore Ac Bullalo the piece of road from
Middletown to Cornwall, and from Cornwall to Weehawkcn, for 95)
years, at 25 per cent of the gross earnings per year, hut guaranteeing
a minimum rental of $500,000.
This lea-so is subject to the right of tiio
N.Y. Weist Shore Ac Buffalo to run over l he road from Cornwall to
Weehawkcn, accounting to t he N. Y. O. Ac W. for its pro rata share of

the earnings.

From Cornwall to Buffalo the North RiverCi instruction

Company is the builder.
The terminal property on tlie Hudson River at Weehawkcn embraces a
water front of 6,790 feet; if is owned by a company entitled “The
West Shore Ac Ontario Terminal Co.,” and i t is leased jointly and separ¬

ately to the two railroad companies, and one-half its stock is Held by each
(the total stock being $5,700,000), and the bonds ($12,000,000)
sire guaranteed, principal and interest,
by hot h of the railroad companies.
The stock is $40,000,000 and 1st mortgage bonds $50,000,000, the U.
S. Trust Co. of New York being trustee. These bonds cover tlie road
suid equipment, but not the Weehawkcn terminal property. December
1, 1S82, the Construction Co. contracted with Winslow, Lanier Ac Co. and
a syndicate they organized, for si sale of first mort. bonds estimated to
be sufficient to complete the road to Buffalo.
In Aug., 1883, a memo¬
randum of all the cash received for construction was given sis follows;
Ontario Sc Western reconst ruction.fund
$10,000,000
Sale to O. Sc W. stockholders of $10,000,000 bonds at 50
5,000,000
North River Construction Co. stock
10,000,000
No. Riv. Cons. Co. subs, to $15,000,000 W. 8. bonds sit par.
15,000,000
Winslow', Lanier A Co.’s contract
15,000,000
Total
$55,000,01.0
On Januaiy 12, 1881. Mr. Ashbel Green was appointed receiver of the

company

North River Construction Co. No financial statement hsis been made.
For plan of adjustment proposed see V. 33. p. 203.
A psirt i f the road was operated for passenger trathe in the summer of
1883, and to Sept. 30, 18s3, gross earnings were $347,610, including
$2*0,000 for * rents,” and net earnings were $259,14*.
(V. 36, p. 56, 196, 340, 497, 536, 591, 651; V. 37, p. 48, 151, 175, 234,
267, 294, 343, 375, 502, 534, 640, 695, 719 ; V. 38, p. 30, 60, 61, 115,
-

148, 178, 203.)

-

New Y'ork Woodliavcn Sc Ilockaway.—Owns from Glendale
Junction, L. I., to Rockaway Beach, 11 miles; leased—Glendale to

Long Island City, 6 miles; ami to Bushwiek Ave. and Flatbusli Ave., 10
miles; total operated. 26 miles. The stock is $1,000,000.
Income
bonds. 6 per cent. $1,000,000. A readjustment of the finances took
place in 1882, and the new $600,000 first mortgage was issued, of
which $234,000 is reserved to payoff a car trust; and the $1,000,000
incomes were issued for the old mortgage bonds. In 1832 gross earnings
were $105,082 ; net, $36,501.
Niagara Bridge Sc Canandaigua.—Owrns from Canandaigua to
Suspension Bridge, N. Y.. 98 miles. The road is leased in perpetuity
to the New York Central A: Hudson at

Norfolk &
Name changed

C., 73 miles.

Capital stock, $1,000,000.

Norfolk A: Western.—Owns

Va.,

.4

$60,000 per annum.

Southern.—Formerly the Elizabeth City A Norfolk.
Feb. 1, 1883. Owns from Norfolk, Y'a., to" Edonton, N.

miles;

PeuT.>ourg,

from
\'a., to

(V. 36, p. 169.)
Norfolk, Va.. to

Lynchburg, V%

Petersburg,
123 miles;




60

RAILROAD
Subscribers will confer

a

ANI)

BONDS.

[Vol. XXXVIII.

great favor by giving immediate notice of any error .discovered in these
Tables.

DESCRIPTION.
For explanation of column headings,
on first page of tables.

STOCKS

Ac.,

! Miles

j

see

Date
of
of
Road. Bouds

Norfolk. <6 Western—(ContinuedyVirginia & Tennessee—Enlarged mortgage

214
223
223
223
76
88
56
56

Mortgage bonds.

North Pacific Coast— 1st and 2d mortgages
North Pennsylvania—Stock, guar
1st mortgage
2a mortgage.
General mortgage bonds
Bonds secured by $1,200,000 stock

•

•

Outstanding

$1,000
1,000

Rate per!
Cent,

$990,000
1,000,000

-

|
gold.

I

1st

mortgage, State (Maryland) loan
mortgage, coupon, sinking fund
mortgage, coupon.
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
2d
3d

.

.

.

-

When

j Payable

Where Payable, and by

Stocks—Last

Whom.

Dividend.

'

....

....

.

149
47
322
138
138

....

£

1865
1868
1868
1874
1876
1876
....

138

....

83

....

677,000
3,904,000
1,023,000
6,590,000
1,500,000
1,490,000
1,126,000
2.599,000
205,000

....

1856

500 Ac.
500 Ac.
1,000
1,000
1,000

4,558,000
2,901,000

1,000
1,000

IM. A 8.
! M. A N.

N.Y., Union Nat. Bank.
do

July 1, 1884

do

Men.

Company Shops, N, C.
do
do

do
do

Nov., 1888

| M. A N.
-

Q.-F.

3,068,400

1, 1900

Sept. 1, 1883
Sept. 1, 1883
Nov. 1, 1901
Feb. 13, 1884
Jan. 1. 1885

Philadelphia Office.

May 1, 1896
1903

Sept. 1, 1905
April 10, 1883

'

1,000,000
900,000
600,000

500 Ac.
500 Ac.
100

iM. A 8.

•

322.000

1,900
1,000
1,000
50

....

or

50
500
500

....

6
J. A J.
do
do
7
M.-A N.
do
do
7
J. A J.
do
do
3
do
do
JM. A 8.
6
8
|M. A S.
Charleston, Office.
8
! M. A S.
do
do
6 g. 1 J. A ,T. N.Y., Metrop. Trust Co.
6 g. T. A J.
Central Pacific RR.
|
6
do
|A. A 0.
do
4
J. Baltimore A Philadel.
|J. A
6
i Q.-J.
Annapolis.
6
U. A J.
Baltimore.
A. A O. Baltimore A Philadel.
6
6 g. J. A J.
Baltimore.
6 g. A. A O.
do
6 g.
London A Baltimore.
I. A J.
5
J. A J
Baltimore,
5
J, A J.
do
J. A J.
6
Baltimore.
6 g. iM. A N.
Loudon A Baltimore.
■i. A D.
Boston, Office.

1,200,000
899,350
820,000

....

1869
1869
1883
1877
1878

A J.

6
2

1,500,000
2,569,500

....

1881

iJ.

1.930.500

50

500 Ac.
500 Ac.

....

A J.

210,000

3,000,000
1,000,000

....

....

138
138
138
138
138

1

-

J.

6
8
3
3
8

1.100,000
4,399,750

100
100
500

.

1881

.

-

.

’67-’68

140
102
102

1st mortgage
2d mortgage

$

Amount

Value.

....

....

Northeastern (8. V.)—Stock

C onsol. general mort., gold, s. f., coup.,
2d general mort., “A,” coupon
do
“ B,” coupon
Union RR., 1st mortgage
do
2d mortgage, gold
Northern. N. //.—Stock...

or
Par

•3

1854
1865

244

do
do
4th mortgage
North Carolina— Stock, common
Preferred stock

Consol, molt., gold (tor $1,830,000)
Northern (Cal.)—1st mortgage ($0,300,000),
San Pablo A Tulare— 1st mort
Northern Central—Stock

INTEREST OR DIVIDENDS.

Size,

*

Sept. 1,
Sept. 1.
Jan. 1,
Jan. I,
April 1,
Jan. 15,

1899
1899
1933
1907
1908
1884

Irredeemable.
July 1, 1885
April l,
1,
1,
July 1,

July
July

Jan.
Jan.

1900
1900
1900
1904
1, 1926
1, 1926

"i960
Doe.

1,

1883

1
Lynchburg, Va., to Bristol, 204 miles; branches—Petersb’gto City Point,
Va., 10 miles; Junction to Saltvillo. Va., 10 miles. Total operated, 428
miles. Under construction,: New River Bridge to
Pocahontas, Va., 75
miles [since completed]; Cripple Creek Branch, 60 miles.
The Atlantic Mississippi A Ohio RR. Co. was a consolidation «of Nor¬
folk A Petersburg, Souths ide and the Virginia A Tennessee roads, in all
of Which the Stall; of Virginia had an interest for loai s made to them.
Default on the Atlantic Mississippi A Ohio consolidated nonds was made
October 1,1873, and the road was sold in foreclosure Feb. 10, 1881,
and was reorganized as the Norfolk A Western.
In
January, 1883,
common stock was increased by $4,000,000 to
exchange for Shenan¬
doah Valley RR. stock, and a close working contract was made with
Of the general mo tgage, $5,137,000 is reserved to take
that Co.
up
pr.or liens. The dividends < 11 preferred stock wine suspended in 1883
to pay off floating debt.
The interest charge on debt in 1883 was
about $843,143. and estimated charge in 1884, $*'72,742.
In 1883 the
extension and improvement loan was authorized lor
$5,000,000, of
which $2,500,000 was issued for construction and
equipment. In Jan.,
1884. the convertible (li bomure bonds were issued for taking up the
scrip of aHout $525,o- 0 issued for dividend on preferred stock.
The annual repoit for 1883 in V. 36, p. 193, stated that “ the
earnings
of the road, although in excess of the previous year, have been dimin¬
ished by two causes.
Fiiv-t, the drought, which prevailed during a large
portion of the latter months of 1881. Second, by insufficient equipment.
The revenues of the
company would have been greatly increased after
the opening of the autumn business had it possessed a more abundant
supply of rolling stock.”
*
*
*
“Improvements of a permanent
nature have not only exhausted the ‘Improvement and Construction’
fund which was provided, but have caused an excess of expenditure
amounting Nov. 30 to $195,433
Finding the need of money for this
and other purposes, the company negotiated tin;
$500,000 general
mortgage bonds which had been rescr\ed, and in January, 1882, placed
the proceeds in the treasury of the company ”
For the year
1883, gross earnings were
$2,812,776, against
$2,429,740; net, $1,303,203, against $!,1< 7,16
The earnings and expenses for three
years past were :

Quentin. imijes
m

j

-

.

1881.

Total

gross

Operating

earnings

1882.

$2,267,289
1,163,233

expenses

1883.

$2,429,740

$2,*12,770
1,509.573

1,322,577

Net earnings
$1,104,056
$1,107,163
$1,30.3,203'
The. income account for 1882 ami the general balance at the.close of
1881 and 1882 were as follows;
Net income (including
1 fa burst meats—
Inti rest on debt
Dividends

1882.

$63,389 miscellaneous receipts)

$1,170,552
$729,359
600,600

Total disbar.cm< nts

$1,319,359
*
$158,807
The surplus Dec. 31. 1881. was $530,590;
deducting the deficit for
1882, leaves net surplus Dee. 31. 18s2, $371,783.

Balance, deficit

.

*

GEN KKA I. ISA LANCE

AT CLOSE OF EACH

Assets—

FISCAL YEAIt.

1881.

Railroad, real estate, buildings, equipm't, Ac. $28,805,138
Stocks and bonds owned, cost.
51 1,600
Car trust
Materials, fuel, Ac
I
88,015
Cash oil hand
238,028
Other property and assets
106,214
Current accounts
98,592

1882.

$30,677,197
-

552,400
239,760
327,722
267,332
.179,413

..

Ttital
Liabilities

:
—

.

$29,850,587

3,680,670

$35,921,494

■

Stock, common
Stock, preferred, paid in
Funded debt
Bills payable
Current accounts

Interest payable
Lease warrants on rolling stock
Miscellaneous
Profit and loss

$3,000,000
..

15,000,000
10,778.600
5<U><>(>

740,091
150,348
93,057
538.488

$3,000,000
*

18,000,000
12,778,600
617,091

331,517
243,103

552,100

37*1 *,783

$29,850,587
$33,924,49 4
$3,000,000 unissued preferred stock.
—(V. 35, p. 132, 182. 236. 374, 478, 546, 638, 677, 763; V. 36,p. 56,
8’,
108, 193, 252, 275. 366, 472, 591, 73 L; V. 37, p. 99, 235, 3 13. ISO, 595,
695. 719; V. 38. p. 148.)
*
Includes

Nortli Carolina.—Owns from Goldsboro to Charlotte, N. C\,
223in.
The property was least d
Sept. 11, 1871. to the Richmond A Danville
Railroad for 30 years at a rental of $260,000 per'year. Dividends of 6
per cent are paid on the stock, of which the State of North Carolina holds
$3,000,000, and the dividends thus reeei\ ed by the State are applied to
her bonds issued to the North Carolina RR. Eai
ninns in 1882 8 >, $860,110; net. $243.537; rental, $260,0 0 ; loss to lessee, $16,642.
Nortli Pacific Coast.—Owns from Saucelito to Moscow
Mills, Cal.,
74 miles; branch'to San Rafael, 2 miles;
leased, San Rsifa< J to San




!

$67,418.

; total operated, 80 mfces. Stock, $2,500,000. Earning s
$277,186: net, $68,991.
Gross in 1882, $358,199; net,'

Nortli Peiiiisyl vania.—Owns from
Philadelphia, Pa., to Betide,
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Bans,
dale to Doylestown, 10 miles; Iron Hid to
Shimersville, 2 miles; total,
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are
operated under contract. In May, 1879, was leased to Phila. A
Reading
at o®7 per cent on stock till 1883, and 8per cent
thereafter.
Northeastern (S. €.)—Owns from Charleston, S. C., to Florence
S. C., 102 miles.
Leased jointly, Lane, S. C., to Sumter, S.C.,
3* miles
Total operated, 110 miles. This company lias earned the
interest on its
bonds, with a good surplus. In Nov., 1882, the above eousol.
mortgage
was authorized, of which $1,142,000 to be held to
retire debts of prior
lien, anil $694,000 issued for betterments, equipmeut, Ac. In 1880-81
gross earnings were $484,760; uet, $137,864; in 1881-2. gross,
$560,229;
net, $182,118 ; in 1882-83, cross, $0J8,747; net, $184,824. (V. 35,
p
656 ; V. 37. p. 639.)
*
Northern California. — Owns from Oakland 4o
Martinez, 36
miles; Port Costa to Siiisiin, 17 miles; Woodland to
Willows, 65
miles; Willows to Tehama, 36 miles: leased, San Pablo A Tulare
RR.—
Martinez to Tracy City, 47 miles; total
operated, 200 miles.
Com¬
pleted in 1878 and Is leased to the Central Pacific till Jan. 1,1885,
at a rental of $47,560 per month for Northern and S.
P. A T.
Ih
1882, rental, $59 ‘,617; expenses, $178,5"7; profit, $1 »2,03*. Profit
for six months of 1883, $.28,358.
In 1881 8 percent dividend paid; in
1882, 14i; in 1883, 3G. The Northern stock is $6,190,5(»0—authorized,
$8,4<)0.0u0, and Ban P. AT. stock, $1,861,000. W. V. Huntington,
President. San Francisco. (V. 33. p. 38, 115.)
Northern Central.-Owns from Baltimore. Md., to Sunbury, Pa.,
138 miles; branch—RHay to Green Bpring, 9
miles; leased— Sha*moki»
vV'ley A Pcusville Rli., 28 miles; Elmira A Williamsport Railroad, 76
miles; operated at cust-Ohcmung Railroad, 17 miles; Elmira Jefferson
A Cauiinilaigua RR., 47 miles—315 miles; track of
New York Lake Erie A
Western used 7 miles; total o;>erateiL 322 miles. This was
a consolida¬
tion or several roads in

Jjn., 1855. Foe terms of the several leases will
be found under the names of the leased roads.
In February, 1882, pur¬
chased at par the stock of Union Railroad in
Baltimore, $600,009,
practically mnkiug^that road a pait oi the Northern Central propert",

subject to its mortgages. The consolidated general mortgage, (gold) of
1874 was for $10,000,090 to retire all prior bonds. Of the
above bonds
$2,628,000 are dollar or sterling, interest payable in London or Balti

and the balance are dollar bonds, interest in Baltimore.
Under
the 2d general mortgage of 1876 $1,000,000 more
may be issued as
Series C.
more,

The business of the company depends to a considerable extent on coal
For the year 1883, gross earnings were
$6,088,130, against
$5,800,176; net. $2,256,525, again*! $1,957,852.
Tlie fiscal year ends December 31, ami the
report for 1882 in the
CiiKiiNiri.E. V. 36, p. 219, had the following: In comparison with the
year 1881, there was an increase in gross earnings of $356,476,
equal to
6-55 per cent, and in expenses of $54,877, or 1*45
per cent The increase
in net earnings was $301,598, or 18*21
In addition to the net
per cent.
earnings ($1,957,852), there was received from dividends and interest,
$203,156; apt royalty on coal mined (Sliamokin Division), $80,812;
total net receipts, $2,241,822. The coal
tonnage of the main line in
1881 was 1,555,045 tons and in 1882, 1.736,196 tons. The
aggregate
movement of bituminous coal was 1,141,891 tons, an increase of
156,523 tons, principally from the Snow Shoe and
Blossbnrg regions. The
tonnage of both classes amounted to 3,218,002 tons, as against 2 900.701 for the preceding year, being an increaso of
317,295 tons in the
actual aggregate of coal transported. The amount of
grain transported
shows a largedecrease as compared with the
preceding year, due mainly
to the falling of!' in the foreign demand. There wore carried to
Baltimore
in 1SS2 10,332,853 bushels of
grain ; in 1881. 17,911,077; a decrease of
7,578,821 bushels.
Income account for four years is as follows:
traffic.

1879.
Total gross earn’gs..
Total net income

Disbursements
Rentals IVd lines,Ac*

1880.

$
4,107,949

5.030,387

1,595.308

2,091,428

437,742
895,140

452.097
898,060

$

1881.

$
5,443,700
1,917,454

1882.

$
5,860,175
2,241,820

-

Total liabilities

*

1

1881,

Interest on debt...,.
Dividends

Miscellaneous
Balt. A Potomac int.

63 260

Tot. disluft’sements

1,416,142
179,166

Balance, surplus....

(2 G) 116.048
113.834

196,494
1,800,533
1,806,533
284.895
284,895

472,293
477,256
895,730
880,875
(C) 350,517 (7) 444,272
54,218
154,270
.

37,177
1.809,935

1,956,673

107,519
285,147
Includes rent of roads and interest on equipment.
-IV. 36. p 108, 219, 252, 366,
472, 591, 731 ; V. 37, p. 99. 202, 343,
446. 595; V. 38, p. 39, LI5.)
*

Northern, New Hampshire.—Owns from Concord. N. H., to West

Lebam 11, N. H., 70 miles; branch, Franklin,
N. II., to Bristol, N. II., 13
mi es; total, 83 miles.
For the fiscal year ending March 31, 1883,
gross earnings were $583,627 ; net, $167,550.
The, only liabilities are
$97,000 in coupon notes and a guaranty of $300,000 Concord A Clare
mont Railroad bonds.
<V. 36, p. 560, 650, 675.)

February,

Subscribers will confer a

tirst page

of tables.

of
Ac., see notes!I Road.

26
21
21

Pacific—Fret. stock(3 p. c., not cuui'tive).

Common stock
Mortgage and land grant bonds, Missouri Div
Mortgage and land gr. bonds, Pend d’Oreille Div.
Cons.'1st M. Id. g., gold, $23,000 p. m., cp. or reg.
RR. A 1 gr, 2d inert., gold, coupon and registered

mort., gold

Outstanding

Rate per
Cent.

pal,When Due.

When

Where Payable, and by

stocks—Last

Payable

Whom.

Dividend.

1869

2,365

....

2,365
1879
1879
1881
1.883
1883
1883

205
209
....

All

1877
...

Il8
113
200
200
200
26
26

gold

bonds (non-cumulative)
Terminal mortgage bonds

1st mort., Mineral Div
Incomes,
do
1st mort., Riv. Div., gold, coup, or reg
do
gold, incomes
Car trust certificates, No. 1
do
No. 2
Chio d- Mississippi—Stock, common
Preferred stock (7 p. c. yearly, cumulative)

,

....

1,000
1,000
100

1,000

371,000
600,000
1,403.010
998,650
3,000,000
3,000,000

-

1.000
500 Ac.
100 Ac.

1.000

1,000
1.000

600,000

1,000
1,000

300,000

1,000

1,000

ioo

4,030,000

Al. A

3U

July 10 ,1876
Mar., 1890
1897

do
do
do
do

April 1, 1930
April, 1920
Metropolitan N.Bk Jan. 1, 1920
do
do
Jan. 1, 192C
do
do
do
do

July

do

do

Mur. 1. 1922

1, 1920

July 1, 1921
July 1. 1921
March, 1922

$10,000 p. yr.
yearly.

M. A S.
M. A 8.

20,000,000

100

6*1*5

Jan. 10, 1884
March 1, 1897

do
do
do
do

J.
J.
J.
S.

....

8
10

360,009
1,750,000

•

J. A
J. &
I. A
M. A

7 g.
6 g.
6 g.

3,700.000

•

M. A S.
J. A J.
A. A 0.
A. A O.
J. A J. N.Y.

8
6
6
3 A 6
6 g.
7
6
6 g.

300,000
7,000,000

-

May 1, 1919
Sept. 1, 1919
Jan. 1, 1921
Dec. 1. 1933
Jail. 1, 1883
Jan. 1, 1933

,

1,000&c
1,000Ac

-

March. 1889
Jail. 15, 1833
Dec. 1, 1933

.

....

1

1870
1877
1880
1880
1880
1880
1880
1881
1381
1882
1.3.32
18S0
1882

(?)
July. 1888

....

41,749,463 lli10eert
49.00u.000
M. A N. N. Y
Mills Building.
6
2,388,600
do
>
do
M. A S.
6
3,502,600
do
do
J. A J.
6 g40,378,500
do
do
6 g. A. A 0.
18,000,000
do
do
0
Jau’y.
4,667,490
g- J. A J. N.Y., Winslow, L. A Co.
3,000,000
2,000,000
J. A J. Boston, 2d National Bk.
*5*
2,604,400
M. A S. Boston, N. E. Trust Co.
6
400,000
2
J. A J.
Boston, Office.
3,077,000

100

66
66
118

Income

163,000
200,000

100 Ac.
100 Ac.
100
100
100 Ac.

New York Office.
r. a J. J. City, Hudson Co. B’k.
do
do
M. A S.
N. Y., Mills Building.

4
6
7

$1,000,000

$ LOO

187*8

*79

Qgdensburfi <£ Take Champlain— Stock
Sinking fund bonds
Mortgage bonds (redeemable July, 1300)
Consolidated mortgage (for $0,500,000)
Income bonds, not cumulative
Ohio Central— 1st mortgage

Amount

i

2d mortgage

Dividend certificates
northern. Vac. Terminal Co.—1st
northwestern Ohio—Stock
Sorwich <t Worcester—Stock
New bonds, coupon.

Date Size, or
Par
of
Bonds Value.

Miles

Northern of Neio Jersey—Stock—
1st mortgage, extended
northern

Bonds—rnnoi-r

INTEREST OR DIVIDENDS.

explanation of column headings,
on

discovered in these Tables.

greatSfavor by giving immediate notice of any error

DESCRIPTION.
For

01

BONDS.

AtfD

STOCKS

RAILROAD

1884. J

10 p. 0.
N.

S.

Y., 52 William St.

Mar.

1, 1375

!

J., to Spartotal oper¬
By contract
of April, 1809, it is operated by New York Lake Erie A Western at 35 per
It is understood the. contract is terminable
cent of its gross earnings.
bv either party on notice. Dividends are paid as earned on the rental.
Grross earnings In 1881-82, $287,108; net, $33,002; gross in 1882-8 i
Northern of New Jersey.—Owns from Bergen, N.
N. Y., 21 miles; leased Sparkill to Nyack, 5 miles;
ated, 20 miles. This road was opened October 1, 1859.
kill,

$30 >,894 ; net, $89,029.
Northern Pacific.—(See Jfop.;—Line of
of the main line Sept. 8, 1883, the mileage on

Ro.vn—On the completion
which earnings were re-

fiorted became 2.305, which .Junction, Wash. Tor., 1,079 miles; St. Paul,'
City, Wis., to Wallula was made up as follows : Main line—Super-

charge is given at $3,882,341 for ye ir ending June 30, 18^4. See V. 38,
p. 6 i. The annual report in Chronicle had the following statement of
earnings, and of the gross earnings $1,523,112 were derived from tho

transportation of construction material,
gross

receipts:

as

t he actual

118.599

1831-82.
1,298
$
1,302,261
3,909,423
218,621

5,409,081
346.632

2,994,5 L9

5.430,305

7,855,459

1880-81.
754

operated Juno 30
Earnings—

Miles

$
06*5621
2,-’07,299

Passenger

Freight
Mail, express, Ac
Total

or

leavin g $6,332,3 47

1882-83.

1,701
$
2,099,746

5,336,930
3,572.839
Wash. Tor., to Kahuna, Operating expenses
2,025,389
:
Carbonado. Wash. Ter .
1,857,166
2,518,529
969,130
34; grand total. 1,954 miles. Branches—Superior City. WLs., to Connor s Net earnings
Point Wis.. 3\5 miles; Thomson Junction. Minn., to Duluth, 24 ; Little
67*93
65*80
67*64
Per ct. of oper. exp, to earnin’^
Falls, Minn., to Morris, Minn., 87-8 ; Wadena Junction, Minn , to end of
(V. 36, p. 196, 399, 675, 699, 731; V. 37, p. 189,291, 318,333,397.
track, Minn.. 115*5; Fargo, Dak. to La Moure, Dak , 81; Jamestown. 400. 116. 480, 509, 510, 5 33, 615, 667, 695; V. 38, p. 61, 8.8, 115, 203.)
Dak., to Carrington, Dak., 43-5; Living-ton to Yellow-tone National
Northern Pacific Terminal Co.—TIms company owns terminal
Park. Mon., 55; total branch lines, 411*3 miles; total main line, 1,954
facilities which are leased for fifty years to the Northern Pacific RR.,
miles. Grand total in operation, 2,365*3 m leS. The road from Thompson
Junction, Minn., to Duluth is owned jointly with the St. Paul & Duluth. the Oregon Railway & Navigation Co. and the Oregon A California RR.,
with a guaranteed rental sufficient to pay interest, sinking fund and
Iu January, 1834* proposals were advertised for grading 60 miles of the
taxes.
The sinking fund begins iu 1893 and is to be sufficient to retire
Cascade Division to Yakima.
Oui;aniza.tion.—This company was chartered by act of Congress July tho bonds by maturity. The stock of $3,009,00 > is owned by said three
2, 1864, to build from Lake Superior to Puget Sound and Portland, Or. companies (40 per cent by Oregon Railway A Navigation Co., 40 per
The land grant was 20 sections per mile io States and 40 sections in cent by Northern Pacific and 20 per cent by Oregon A California RR.),
Territories. The road was opened 450 miles west from Duluth—to Bis¬ and held by Central Trust Co. of New York, to be delivered after pay¬
marck, on the Missouri River-in 1873. The company defaulted Jan., ments to the sinking fund which is to cancel the bonds.
Nortliwestern Ohio,—Owns from Mansfield to Toledo, Ohio, 86
1374, and the road was foreclosed August 12, 187o, ami reorganized by
tho'bondholders’ committee Sept. 29,1875. To the bon Iholders new miles, but leases 7 miles to Pittsburg Fort Wayne A Chicago RR. Thisr
preferred stack was issued at tho rate of $1,400 for each $1,000 bond was a consolidation of the Toledo Tiffin & Eastern, the Mansfield Coldand overdue interest.
water & Lake Michigan and the Toledo & Woodville roads.
Leased to
Stocks and Bonds.—The preferred stock was issued to old first mort¬
Pennsylvania Company at cost of operating. In 1881 gross earnings
gage (/-30) bondholders for tiieir bonds and overdue interest, and has a
$290,285; net, $47,158. In 1832 gloss, $272,742; net, $27,160.
preference for 8 per cent in each year if earned, but is not cumulative.
Norwich Sc Worcester.—Owns from Norwich, Conn., to Wor¬
The common stock then takes 8 per cent, and after that both share alikecester, Mass., 59 miles; branch: Norwich to Allyn’s P<5nt, 7 miles:
The common stock was mostly held by the original projectors and their
total, 66 miles. To be extended to Groton, Conn. I11 1869 the road
associates prior to the default of 1874, and did not represent capitid was leased to the Boston Hartford & Erie for 100 years, the lessees
expended. The preferred stock is received in payment for the company’s to pay all liabilities and 10 per cent on the capital stock. The present
laud* east of the Missouri River at pat*. These lands remaining yet un¬
leHsee'oompany has the option to terminate the lease, and now operates
sold are about 4,600,000 acres, and the proceeds of those lands when sold
under temporary agreement. In the fiscal year ending Sept. 30, 1833,
for money or on time also go to the retirement of preferred stock.
the gross receipts were $785,706: net, $287,239; payments for rentals,
A large interest in the stock. (151,300 shar.-s of preferred and 162,792
$36,160; interest. $26,239; dividends (10 per cent), $259,780; balance
of common), on June
1883, was held by the “ Oregon 61 Trans-Conti
Minn., to Brainerd, Minn., 13.V5; Now Tacoma,
Wash Ter., 105*5; New Tacoma, Wash. Ter., to

—

nental Co.”
In Sept., 1332, a dividend, in certificates of ll1io per cent,
to $1,667,490, was declared on the pref. stock
Prices of preferred stock since 1879 have been: In
in 1881, 6453 £88^; in 1882, 66^4100^; in 1883,
to Fel>. 16, 405>®575b. Common stock: In 1880, 20S>36;

323*»,51; in 1882,
lftS* a>27.

amounting
payable Jan. 15, 1833.
1880, 39:J8a/071e;
n 1884
in 1881,
in 1883, 23>8®53%: in 1334 to Feb. 16.

line; and
divisional
mortgages and those lands east of the Missouri River which are subject to
the preferred stock. The issue of bonds is limited to $25,000 per mile.
The proceeds of land sales can be applied to the payment of interest on
bonds, instead of principal, if the earnings of the road are insufficient.
The consol, first mortgage bonds are a first lien on the main
on all the lands of the company except those subject to the two

Central Trust Co. of N. Y. is trustee. The bonds
ment for lands at 110 and interest, and proceeds

are

received in pay¬

of land sold must be
applied to redemption of these bonds at a price not exceeding 110 and

interest. Sinking fund of one per cent per annum begins
I11 October, 1883, the second mortgage was authorized

$20,000,000, of which $18,000,000 were taken

in 1836.
to he made for

by a syndicate at 82 Y net

to the company.
Lands,— l’lie land grant of the compauy was
States and 25,600 acres per mile in territories,

12,800 acres per mile in
and the lands earned by
construction and unsold after completion of main line were estimated to
be about 40,000.000 acres, which were classified unofficially as follows:
About 4.0.H).o00 acres agricultural landscast of Bismarck; between
Bismarck and Little Missouri, about 4,500,00 > acres, and ih Oregon.
7,500,000 acres, also agricultural lauds; about 10,00 >,000 acres of
grazing lands, and 14,900.000 am*es of mountain and barren lands.
The lands east of Bismarck are pledged to the preferred stock, ami that
stock is received in payment therefor. Tho geiieral morigag* bonds
cover all the other lands, the divisional mortgages having prior liens on
their respective divisions. The following shows in detail the sales of
land for the. fiscal year ending June 30, 18s3: Minnesota & Dakota
Division. 417,383 acres, $1,709,517; Missouri Divisi m, 110.033 acres,
$324,420; Yellowstone. Division, 6,56/acres, $24.625; Montana Divis¬
ion, 33,940 acres, $141,433; Pend d’Oreille Div., 106,36 > a res, $733,614;
Pacific i>iv., 26,945 acres. $134,194; total, 761.236 acres, $3,<»61 860.
Operations and Financial Condition.—The fiscal year ends June

1,940. (V. 3-i. p. 724.)
Ogdcnsbursr Sc Lake Champlain.—Owns
N. i., to Ogdeusburg, N. Y., 118 miles.
The

deficit to lessee, $3

from Rouse’s Point,
earnings of tho road
having decreased, certain terms of adjustment were proposed in 1880,
which have been substantially curried out. Animal report for fiscal year
ending March 31, 1883, in V. 36, p. 623. Operations and earnings for
three 3rears

oast were as

Miles.
1880-81.... 122
122
1831-82
Years.

....

3,228.371
4,816,825*

p.*2li\'622;

-(V. 36.

follows :

Passenger
Mileage.

V.

37,*p.*

Freight (ton)
Mileage.
26,970,096

32,933,476

167,

Gross

Net

Earnings. Earnings
$584,039
$176,410
609,324

170,854

642,196

191,438,

502,*695.)

Toledo, Ohio, to the Ohio
(including in this
Pleasant to West
Virginia, 58 miles, with branches from Hadley Junction, Ohio, to
Columbus, 24 miles; Mineral Division, South Shawnee to Corning, 20
miles; and Switch to Buckingham, 11 miles; total line, 375 miles; of
which about 325 miles wore completed on Jan. 1, 1883, and the balance
of road and bridge over the Ohio River were about finished by Oct., 1883.
The stock was $4,400,000—par $100—and in January, 1881, the com¬
pany increased it to $12,000,000 for improvements, Ac., and to buy the
stock of the Ohio Central Coal Co., and further increased it to $22,000,OoO in 1832 and 1883.
In January, 1882. this plan was abandoned and
consolidation was made with the Atlantic A Northwestern of Va, and
the line projected to Charleston, West Va. Of the River Division 1st
mortgage bonds $300,000 are reserved to exchange for Mineral Division
1st mortgage bonds, dollar for dollar, and $150,000 for Mineral Division
incomes, two bonds for one of River Division. There were also $ 1,000,(>,)<) of these bonds reserved to exchange tor bonds of the Ohio Central
Coal Company, but the exchange was not carried out. Holders of River
Division 1st and income bonds are entitled to ten votes at all stock¬
holders’ meetings for each $1,000 bond held.
On Sept ember 1st, 1383, default was made on the inter stof the River
Div. mort. bands, and Jan 1 defaulted on tho
st mort. bonds, and Mr.
John E Martin was appointed receiver; Mr.Thos. R. Sharp was also ap¬
pointed in Virginia for tho River Division, and thoro was a conflict of
Ohio Central.—The road extends from
River at a place opposite to Point Pleasant, 257 miles
16 miles of track used under rental) and from Point

1

urisdiction in tho cas )0*7
\r

1 Xf\
nominnra in 1 QQ9 nn O "Q milftft
Cl
V. 37, p. 38, to
,203.
progress of the
400,
work during that year and its general condition. To pay the
company's
doating debt and complete tho work, the directors issued the second 447,*4sO, 534, 563. 638’; V. 33, p. 30, 61, 114 )
Olds, to East St.
mortgage bonds October, 1883. The business for 1883-34 can not be
Ohio Sc Mississippi.—Owns from Cincinnati,
ernon to Jeffersonestimated with certainty, but for six months, July 1 to Dec. 31, gross
Louis, £11.. 340 miles; Jxmisvillo brunch, North \e
earnings were about $6,633,983, and not $2,211,293. The to)tal interest

30. The annual report for 1882-83 was published in
which reference should l>c made for a statement of the




J

a

^

—a

-*-v

r*{\ci a

26

DAORLI
'PiLBJ■




SKCOTS
DNA

.SDNOR
.LOV[

.IVX

J’fiUllUAi.Y,

Sttbscribers will confer a great favor
DESCRIPTION.
For

explanation of column headings, Ac., see
on first page of tables.

Ohio &

notes

Mississippi—(Continued)—

general mortgage (for $16,000,030)
Income amt funded debt bonds (extended, *62)...
1st consolidated mort. ($3,445,000 are s. f.)
Consolidated mortgage, sterling
2d consolidated sinking fund mortgage
Debenture sinking fund bonds (for $1,000,000).
Snrimr. Div. (Sp.A Ill. SE.) 1st M. (for $3,000,000;.
Ohio-Southern—1st mort. ($15,000 per mile)
2d mort., income ($15,000 per mile)
1st

Cld Colony—8took
Bonds (liot mortgage) coupon
do
do
Bonds
do
do
Bonds

180-32

Bonds
Bost. Clin. Y.fz N.
do

Oregon <f.
2d

California

0.

Date
Size, or
Par
; of
Road.! Bonds Value.
Miles
of

i

1882

303

112,000

S 1873
| 1874
! 1881

1,000
1,000
1,000

| 188 L

1,000

2,099,009
1,929,000
1,920,000

100

10.2 48.020

1874
1875
1870

1,000

1,092,090
500,000 |

1,000
1,090

1,100,090 j
2,099,000 |

..

1874

| 1875

1,000

1S81
1880

1.000
100

1879

1,000

24,000,000
0.009,000
1,200,000

509
1883
579 i 1382

1,000

CO
12,500,000
40,000,000

Oregon Pacific—1st mort., laud grant, gold...
Oregon Railway «6 Navigation—Stock
Mortgage bonds, gold
r

,

I

3,759,000

!

100

1,000
1,000

9,215,000

1800

1,000

200,000

....

1882

resigned. A suit brought to' annul the purchase of the Springfield
Division in 1875, was defeated in January, 1884. The various phases
of litigation in regard to this company have been reported from time to
time in the Chronicle, and the suit in which the preferred stoekln 1 lers
endeavored to establish their lien ahead of the second mortgage bonds
was decided in the U. S. Supremo Court against them.
(See article in
Y. 37, p. 233.)

general mortgage for $16,000,000 is

authorized under the

proposed plan of reorganization, by which $12,781,000 will be reserved
roposed
to exclian
exchange for old bonds as they mature: $2,210,000 will be used in
paying overdue coupons and all other claims; and $999,095 be expended
for new equipment and terminal faci lities.
There are yet $97,000 of old
first mort. 7s (reduced to Os). Western l)iv., outstanding. The terms of
preference of the pret. stock are as follows: “ The pref. stock is to he and
remaiu a first claim upon the property of the corporation, alter its
Indebtedness, and the holder thereof shall be entitled to receive from the
net earnings of the company 7
per cent per annum, payable semi¬
annually, and to have s ic-li interest paid in full for each and every year
before any payment of dividend upon the common stock.” After pay¬
ment of 7 per cent for any one year on com., the surplus of that year
if any) shafl he divided lk*.t\veen both classes.
The year ends Dec. 31. The annual election is held in October. The
annual repoit for 1882 was in the Chronicle, V. 30, p. 191.
Opera¬
tions and earnings for three years past:
Years.

1880
1831
1882

.

Miles.
015

015

Gross Earnings.

Net Earnings

$4,370,310
4,071,107
4,225,199

$1,250,709
959,053
1,001.003

015
—(V. 30, v. M2. 194. 190, 313, 427, 520, 591, 075; V. 37, }>. \ 3, 100,
117, 233, 235, 207, 313, 370, 400, 422, 421, 535, 008; V. 38, p. 88. 115.)
Oliio Southern.—The road will extend from Springfield, Ohio,
to some point on the Ohio River.
Length of road completed and in

Coulton, with extensions
Receipts,
payments,
$120,034. Alfred Sully, President. (V. 35, p. 51, 101 ; V. 37, p. 15 2.)
Old Colony (ITIass.)-Owifs from Boston to I’rovineetown, Mass.,
120 miles and lines to Kingston, .Plymouth, Somerset Junction, New
Bedford and Fitchburg, Mass., and to‘Newport, R. L: total, 343 miles;

operation June 1,1383: Springfield, Ohio, to

25,000 p.m

2S1fl! 1805

....

ville, Itid., 53 miles; total Ohio A Miss, line, 393 miles; the Springfield
Division, Beardstown to Shawnoetown, III., 222 miles; total operate d,
615 miles. The Eastern and Western divisions were sold in foreclosu’ro
and the Ohio A Mississippi Co. formed by consolidation Nov. 21, 1-07
On Nov. 17, 1870, the company was placed in the hands of receivers.
In Oct., 1881, John M. Douglas was appointed Receiver, rice. King,

The new

400,000
109,000
1,912,000
8,490,000

1,000

1

Mortgage ($20,000 per mile)
Oregon ShortL.—lst,gld„mt.gu.byU.P.($25,000p.m;
Oregoiu& Trans-Continental—St’ck(for $50,000,000)
Trust bonds, gold (1st M. collateral) $20,< 00p.m..
Oswego <£ Rome—1st mortgage guaranteed
Income mortgage bonds

1,000
1,000

393,000
491,500

1880

120
371

mortgage

Scrip certificates

200,000 !

1,000
100 Ac.
500 Ac.

i’69-’70

.and branches, 135 miles.
Stock (par $100), $3,810,000.
1882 $359,283; net, $90,087; other sources, $29,812;

Whom.

350,000

iA. A O-

jj.

|

1,000

1801

payable

Juno 1, 1932
J. A D. '. N. Y., 52 William St.
Oct. 1, 1883
do
do
Jan.' 1, 1898
do
do
!J. A J.
7
London.
Jan. 1, 1898
0 g. J. A J.
A. A O. i N. Y., 52 William St.
7
April, 1911
do
do
i.M. A N.
May 1, 1883
! M. A N. 'Springfield, Ill..1st N. R. Nov. 1, 1905
0
J. A D. N.Y., Corbin Bank’gCo. June 1, 1921
.Tunc 1,. 1921
da
0
A D.
Jan. 2, 188 4
A J.
Boston, Office,
3^2
March 1, 1894
do
M. A S.
7
June 1. 1895
do
A D.
0
do A S.
0
Sept. 1, 1890
do
Aug. 1. 1897
F. A A
0*
do
Dec. 1, 1897
J. A B.
lb,
0
J. A J. Cost., Ol.l Colony Office, July 1, 1884
1889 A ’90
do
do
A J.
do
do
A D.
July l, 1894
Feb. 1, 1835
do
do
A A,
0
A J. Boston, N. E. Trust Co. .Ian. 1, 1910
5
0 g. J. A J. N.Y., London A Frankf. July 1, 1921
7
A '(). New York and London. Oct.
1, 1900
0 g.
n
Feb. 1, 1884
New York.
—F.
0 g. J. A J. :N.Y., Farm. L. A Tr. Co. July 1. 1909
1S85-0
do
do
M. A N.
8
7

3,829,000
140,000

l

Ccut>

o

$171,000
6,088,000

£200

1832

p.m.)

-

$1,000

| 1877
29
43
58

Ronds—Princi¬

+

1371

!

bonds
bonds

mortgage bonds
-1st M., gold ($20.00

1,000

Tables.

INTEREST OR DIVIDENDS.
pal,When Due.
When Where Payable, and by Stocks—Last
Dividend.

|
‘io,i;.,„1 Bute per
.

1303

393
393
222
128
128
40 S

1,000

!

$1,000

1802
1803

024
MS

do
do
do
do

B.. 1st M., Agricultural Branch
L
mortgage bonds 1SG9-70

do
do
do

by giving immediate notice of any error discovered in these

and registered

do
do

do
do

Bonds

6&

BONDS.

AKD

STOCKS

RAILROAD

lSW.f

ft

jJ.

i

h,

5
0

1^2
<> g-

7

F. A A. N.

! Q.-.T- i

Y., 195 Broadway.

M. A N. N.Y.,Farmers’L.A T.Co.
'M. A N.'N.Y.,Farmers’ L.AT.Oo.
F. A A. N. Y., Central 1 rust Co-

Feb. 1. 1922
Oct. 15, 1883
May 1. 1922

May, 1915
1

eb., 1891

Pacific.—Road in progress; projected line, 000 miles,of
Yaquima, is under construction. Land
covered by first mortgage. Stock is
$30,000 per mile. G. T. M. Davis. Treasurer, New York.
Oregon Railway A Navigation.—June 30, 1883, railroads oper¬
ated were- as follows: Boonev. to Walla Walla (main line) 203 miles;
branches, Walla Walla to Texas Ferry, 50 miles; Bolle’s June, to Dayton,
14 miles; Whitman to Blue Mountain, 14 miles; Walla-Walla. Branch, 0
miles; Portland to Bonuerville, 41 miles; Umatilla to Mikeelia, 78
miles; Umatilla to Pemileto», 44 miles; Portage Read to Lower Cas¬
cades, 0 miles; Oregonian Railroad in Willamette Valley (leased), 150
miles; total of railway, 011 miles, and 243 more under construction.
Ocean line between San Francisco-and Portland, 070 miles; Pugtt
Sound lines, 238 miles; River lines, 007 miles; total of water lines,
1,565 miles.
The company pursued the policy of increasing its capital stock to raise
money for improvements, and in a few years the amount was raised
from $0,000,000 to $24,000,( 00.
The managers purchased in February and March. 1881, a large
interest in the common and preferred stock of the Northern Pacific.
Railroad with cash furnished by a syndicate, and the control ot this
company and of Northern Pacific was transferred to the Oregon A
Trans-Continental. The new mortgage for $14,280,' 00 was to be issued
Jan.. 188-1, but the negotiation
was checked by a technical legal
objection under a law of Oregon.
For six months from June Jt1, 1883, gross earnings were $3,209,271,
against $2,750,9-1 s in 1882 ; net, $l,5s(>,i85, against $1,422,327.
The annual report for the year ending June-30. 1883, was in the
Chronicle. V. 87. p. 501, to which reference should be made. The net
Oregon

which 00 miles, from Corvallis to
grant, over 900,000 acres, and

$2,489,219, against $2,510,101 in l>-81-82. The surplus
ail payments, including !> per cent in dividends, was $220,28 1. (V.
37. p. 381 ,-519, 501 ; V.. 3«. p. Gi, 178.)
Oregon Siiort IjIiic.—Road in progress from Granger on the Union
Pacific, (150 miles cast of Ogden) to a junction with the railroad of tho
Oregon Railway A Navigation Co., at Snake River near the line between
Idaho and Oregoij. about. 523 miles, with Wood River branch to Ilaily,
57 miles. Total about 580 miles. The road was practically fimslud
November, 1883. The eontraet la tween tlie Oregon system and the
Northern and Union Pacific for future t rallie is reported fo be advan¬
tageous to tile Union Pacific, since tho business of Oregon is to be
divided between the Northern and Union Pacific in proportion to the.
trallic they de-liver to the Oregon road, and oilicials of the Union Pacific

receipts were
over

claim that their shorter distance
other points eastern, southern and

between Oregon and Chicago, and

western, in connection with a better
winter route, they will obtain at. least one-half of the Oregon business.
Built under Union Pacific control, and interest on the bonds guaranteed.
One $1,000 bond and $500 in stock sold to Union Pacific stock¬
numerous branches. 84 miles in all'; leased—Lowell A Framingham RR.,
holders for $1,000 cash. The stock is $25,000 per mile, of which Union
.20 miles; Fall River RR., 12 miles; Dorchester A Milton RIC, 3 miles;
(V. 35. p. 22, 43 L ; V. 30, p. 100; V. 37, p. 202,
total length of all lines, 408 miles. Fall River RR. was leased April Pacific retains one-half.
1, 1882, for 99 years.
In March, 1883, consolidation with the Boston 230, 370, 400, 446; V. 38, p, 0- .)
Oregon A Trans-Continental.—Company organized under the
Clinton Fitchburg A New Bedford was made. (See terms, V. 30, p.
laws oi Oregon on June 27, 1881, and received from the “Villard Pool”
251.) And an increase in stock to $12,000,000 was voted.
an assignment of t he stock of the Northern Pacific Railroad purchased
Operations for three years ending Sept. 30 were as follows:
Passenger Freight (ton) Gross
Net
Div. by it. The company’s object was to hold the stocks of the Oregon Rail
Mileage.
Earnings. Earnings, p.ct. way A Navigation Go. and the Northern Pacific, and to construct con¬
Years.
Miles. Mileage.
necting roads; about January 1, 1884, this company held $15,202,455 89,187,583 53,791,401 $3,740,448 $ 1,240,840 0
1,305,449 0^ 700 O. R. A N. stock; $15,37o,0(*o Northern Pacific pref.. and $14,793,408 100.400,413 58.349,479 4,120,258
400 Northern Pacific common. But in January, to provide for the set¬
1.228,411 7
408 104,989,238 57,915,789 4,249,179
tlement of tho floating debt, the company announced a loan of $8,000,-(V. 35, p. 133, 544; V. 30, p. 251, 284, 445 ; V. 37, p. 533.)
000 for one year on the pledge of 91.500 shares of Northern Pacific pre¬
Oregon A California.—From Portland, Or., to Roseburg, 198 ferred, 91,5u0 shares of Northern Pacific common, and 91,500 shares
miles; Albany J unci ion to Lebanon, 12 miles; West Side Division, Port¬ of Oregon Ry. A Nav. Co. stocks. The securities to be deposited with
land to Corvallis, 97 miles. Total finished, 30G miles; to be completed the Farmers’Loan A Trust Co., which was to issue its trust receipts to
to a junction with Central Pacific at the California State line, 177 those
agreeing to take the loan. At the end of the year a cash commis¬
miles, of which probably one half will be finished in 1883. The present sion of o per cent was to be allowed. The syndicate was to have the
Oregon A California Railroad is a reorganization of the original Oregon privilege of buying 45,250 shares of each of the stocks named at 25 for
A California, which company was in default after 1873. The land grant Northern Pacific common, 50 for the preferred, and 100 for Orogou
is about 4,000,000 acres; bonds are receivable for lands. Preferred
Navigation, tho proceeds to be applied in liquidation of the loan.
stock is $12,000,000; common $7,000,000.
It must, however, buy all three of the stocks named at tno prices
In March, 1883, a contract for the completion of the line, 177 miles stated. The privilege was limited to the period between July 1, and Nov.
(making 512 in all), was made with the Oregon Trans-Continental Com¬ 1, 1884. Also the company afterward sold to a syndicate 10,< on shares
pany, the Trans-Continental receiving therefor $3,670,500 0 per cent 1st Oregon Navigation at 75; 3(M 00 shares Northern Pacific preferred at
mortgage bonds and $3,750,0(10 7 per cent 2d mortgage bonds. 1st 30; and 30,008 shares of Northern Pacific common at 10, and borrowed of
mortgage 6 per cent bonds to the amount of $20,000 per mile arc to be the syndicate $1,2(0,003 for six months* on pledge of 2o,000 shares
issued, and 2d mortgage bonds to the amount of $10,000 per mile, male Oregon Railway A Navigation stock. The total authorized capital
ing a total of $15,360,000. The Oregon A California Railway was is $50,000,000. The bonds are secured by deposit in trust of first
leased to the Trans-Continental for a period of three years from January
mortgage bonds on new branch railroads, at $20,000 per mile. “The
1.1883, the latter company agreeing to pay all fixed interest and other payment of the principal and interest of the bonds of these branch
charges, and dividends at the rate of
per cent. The payments on roads is further secured by traffic contracts with the Northern Pacific
account of interest duo January 1, 1884, and. July 1, 1884, to be made RF. Co.* guaranteeing (after
lapse of two years) a minimum net
by the Trans-Continental are estimated at $510,000, being the interest annual income of $1,400 per mile, being' equal to 6 per cent per
on an average amount of $8,500,000 of 1st mortgage 0 per cent bonds.
annum on $20,000 per mile of bonded indebtedness, and a sinking fund
The dividend-2 Ms per cent, payable annually—will for 1883 amount
charge of one per cent.” In March, 1883, this company leased tho
to $300,000. At the option of the lessees the lease may bo extended for
Oregon A California road on tho terms mentioned in V. 30, p. 340.
a period of 999 years, the lessees agreeing to pay as rental 35 per cent
Quarterly dividends began in Jan., 1883, at l1^ per cent, and ceased
of the gross earnings of the leased line, but guaranteeing the payment after October. 1893.
See article in Chronicle, V. 37, p. 331. (V. 30,
•of all fixed charges, and dividends of at least 2 per cent annually. For
p. 110, 840; V. 37, r- 74, 331, 480, 608; V. 33, p. 30, 00, 61, 148.)
the guarantee of dividends the Trans-Continental received an extra
Oswego A Rome.—Owns from Richland, N. Y# to Oswego, N. Y.
allowance of $000,000 2d mortgage bonds. For year ending March
Road opened January 1, 1806.
29 miles.
It is leased to the Romo
31, 1883, gross receipts were $1,016,490; net, $288,117; land sales.
Watertown A Ogdensburg Railroad at 8 per cent on its stock ($300,000)
$47,359. In ten months of 1883 gross earnings were $841,879; net,
and. 7 per cent on guar bonds.
237,149. (V. 35, p. 133, 577; V- 30, p. 252, 310, 591,731; V. 38, p.196.




64

KAILKOAD

Subscribers will confer

a

great favor by

STOCKS

AND

BOKDS.

giving Immediate notice of

discovered in these Tables,

any error

DESCRIPTION.

For

(VOL. XXXVII.

Bo nd s—Piiu ei-

INTEREST OR DIVIDEND

Miles
Date Size, or
pal.When Due.
Amount
explanation of column headings, Ac., see note8
of
of
Rate per When Where Pa3’able, and
Par
by Stoc/:s—1 aet
on first page of tables.
Road. Bonds Value. Outstanding
Cent.
Whom.
Payable
Dividend.
1

Oswego <£■ Syracuse—Stock, 9
Mortgage bonds..:

per cent guar

35
35

•

Consol, mortgage (guar. D. L. A W.)
Owensboro <£• Nashville—1st mortgage, gold
Paines rule A Youngstown— 1st mortgage
2d mortgage, income, convertible ’

Sinking fund subsidy, gold
d-

•

•

123
65
65
48
48
48
15

Panama—Stock
General mortgage, sterling, (£1,000,000)
Paterson

•

.

Hudson—Stock

Pennsylvan ui—Stock

Gen. M.t Pli. to Pitts., coup., J. A J.; reg., A. A O.
Stare lien (pay’biem annual inst’lm’ts of $400,000)
Consol. M., coup. J. A D., A: reg. Q.—M. is. f. 1 p. e.)
Consol, mortgage, gold

....

....

....

•

•

•

....

Pennsylvania Schuylkill Valley—&took

Income bonds,

do

124,000

1,000
1,000

338.000

47

2,000,000
400,000

500 Ac.
500 Ac.
100
£200

3.9*9.000

1,000

2,857,000

50

1867
1880

92,227,764

1,000

19.999.760

1.000

3,275,909
28,041,250

1,000,000
7,000,000
630.000

1870
1873
1879
18*1
1883

5.000,000
9,571.000

1,000

1,600

5,000,000
5,600,000
1,000.000
20,000,000

1,000

•

....

$1,320,400

500 Ac.

....

571

Istmort., gold (Pekin to Mattoon)

$50
58 A 64
1876
1881
1879
1879

1,887

Collateral trust loan (coup., but may be reg.)
Car Trust certs: (in series payable ijotli yearly)..
Navy Yard bonds reg. (extended 20 years in ’81)
Pennsylvan ia Corny a n y—Stock
3,547
Reg. bonds, secured by P. Ft.W.A C. special stock
Bonds, gold, secured bj' pledge and guarantee
Pennsylvania cC New York— 1st'wort., guar
105
1st mortgage, guaranteed
105
Peoria <£ Bureau Valley—Stock
Peoria Decatur d: Evansville—Stock

•

1875

1,000

1877
1881
1S66
1866

1,000
1,000

50

....

3,200,000
15,000.000
1,500,000
1,500,000

1,000
1,000

4,500,000
1,500,000
8,400,000
1,287,000
858,000

100

254
...

not accumulative

1880
1880

1,000
1,000

F.
M.
M.
M.
J.
J.

4*2
7
7
6 g7
7
8
7 g.
6 g.

A
A
A
A
A
A

A. N. Y., Del., L. A W. RR.
N.
do
do
S.
do
do
N.
New York.
J. , New York, Agency.
J.
do
do

A. A 0.

M. A N.
J. A J.
M. A N.

4*2
4%
6
5
6
5
4

Q.-J.
A. A O.

Feb., 1884
1880 A 1885
1907
Nov. 1, 1931
Jan. 1. 1910
Jan. 1, 1915
New York, Office.
Jan.
2. 1884
London.
’84 to ’89 A ’97
New York.
Nov. 1, 1910
Ne w York.
Jan. 3, 1884
Nov. 30,1883
Philadelphia, Office.
Philadelphia A London.
1910

Philadelphia, Office.
Annually.
0.—M. Philadelphia A London. June 15. 1905
J. A D. Philadelphia A London. Dee. 1,
1909
J. A J.
do
do
July 1, 1921
J. A D.
do
4*2
do
June 1, )9i3
5
Q'i’t rly
Philadelphia.
1891-93
5
J. A J. Phil..Pa., Co.,forins.Ac. Jan. 1,
1901
4
Pittsburgh, Co.’s Office
(!)
6
PhiJa. Tr. S. D. A I. Co.
Q.-J.
July 5, 1907
4*og. J. A J. N. Y., Nat. City Bank. July 1, 1921
7
T. & I). Phila., B’k N. America. Julie. 1,
1896
7
J. A D.
do
do
June 1, 1906
4

F. A A. N.

6 g.
6

J.

A
....

Y.,Chic.,R. I.

A Pae.

J. N. Y.. Met. Nat. Bank.
do
do

Feb., 1884
Jan.
Jan.

1, 1920
1. 1920

'

Oswego Sc Syracuse,—Owns from

Oswego,

N. Y., to

Syracuse

N. Y., 35 miles.
Leased in 1808 to the Delaware Lack. A: West. RR. Co.
for 9 per cent per year on stock and interest on bonds; in
1880-’81 sur¬
plus to lessee was *21,339. In 1881-82 gross earnings, $477,254; net,

$109,020.

Owensboro Sc Nashville.—Owns from
Owensboro, Ky., to Rice-r
dale. Ky., 44 miles. Controlled in 1879 by the Nashville
Chattanooga
A St. Louis, and now operated by Louisville A Nashville
Railroad,
which owns a majority of the stock.
Gross earnings for 1882-83 $58,
335; net, $6,415. Stock is $1,156,517. (V. 35, p.'677.)
Painesvllle Sc You^stown,-Owns from
Fairport. Oliio, to
Youngstown, Ohio, 65 miles. The old company made default, and
road was sold in foreclosure June 2,1879. Under the
reorganization
bonds are issued as above, and the stock is $288,000. The
income bonds
have votes, and are convertible into stock. The road went
into the’pos¬
session of newT managers in 1881. On Jan. 1, 1882, defaulted
on 1st
mortgage coupons, and R. K. Paige appointed receiver. Foreclosure

issues of Pennsylvania Railroad stock and bonds and other debit Leins
the balance to credit of *• profit and loss” is $12,194,639.

A scheme to buy up the company’s guaranteed, securities with
$100,000 per month from earnings is in operation, and 'the entire
amount
paid by the company into the'Trust up to the end of 1882 was $2,500,000.
There had been purchased for the fund securities of the
par
value of $2,701,050, which yield an interest of 7 10 per eoLt
per annum
upon the investment.
For the year 1883 gross earnings on all lines east of P. and E w«ce='

$51,08 ',244. against $49,079,826 in 1882; net, $19,336,101, against
$18,4 2,427.
An abstract of the latest report issued, that for 1882, was
published in
the Chronicle (V. 36, p. 280), showing surplus net income of
$1,623,805
after paying all charges and 8*a per cent dividend.
A summary of the total business of 1882 in
tonnage, passengers and
income, compared with previous years, is shown in the following :
ALL LINES EAST OF PITTSHURG & ERIE.

proceedings pending.

(X. 36, p. 358.)
Panama.—Owns from Aspinwall to Panama, 48 miles.
Opened
through January 28, 1855.
This road had a practical
monopolv
of the California business till the opening of the Pacific
Railroads in
1869. Of the general mortgage bonds $1,000,600
fall due in ten halfyearly payments beginning 1884 and balance ($2,989,000) in October,
1897.
The $2,857,000 subsidy bonds are secured
by a pledge of the
sum of $225,000 annual subsidy
payable to the U. S‘ of Colombia by
the company.
In June, 1881, most of the stock was sold to patties
interested in the De Lesseps Panama Canal Co. The
report for 1882 w as
in V. 36, p. 426.
(V. 35, p. 638; V. 36, p. 426.)
Paterson Sc Hudson.—Owns front
Jersey Citv, N. J., to Pater
son. N. J.,
15 miles.
The road was opened in ‘ 1834. and
leased
in perpetuity .September 9, 1852, to the New York A
Erie, at a rental of
$48,400 per year, and is operated by the New York Lake Erie A
Western
as part of its main line.
J. S. Rogers, President, New York City.
Pennsylvania.—Link of R< >ad—rThe Pennsylvania system embraces
about. 5,500 miles of railroad, including all east and west of
Pittsburg
an 1 a clear idea of the territory covered can
only be conveyed by a map
At the close of 18*2 the mileage operated east‘of
Pittsburg A: Erie, ou
which earnings as reported were based, was divided
as follows: Penn¬
sylvania Division and branches. 1.261; Philadelphia At Erie Division,
287; United Railroads of N. J. and branches, 430; total
operated, New

York to Pittsburg, with branches. 1.981.

Organization, Leases, Ar.—The charter of the Pennsylvania
Rail¬
road was dated April 13. 1846. for a line from
Harrisburg to Pittsburg.
The line from Harrisburg to Philadelphia was under other
organizations,
including the State Railroad, and the Harrisburg Portsmouth ML
Joy A
Lancaster is still operated under a lease though
forming part of‘the
main line. Road opened in 1*5L The
great number of leases; both east
and west of Pittsburg, were made for the most
part under the adminis¬
trations of J. Edgar Thomson and Thos. A. Scott in the
few years
ing 1873. The terms of the leases will be found under the namespreced¬
of the

respective leased roads.
The Pennsylvania Company was organized in 1870
as an auxiliary
corporation to control and operate ail the lines west of Pittsburg A Erie,

and the Pennsylvania Railroad Co. holds all the stock
of the Pennsylva¬
nia Company: the similarity of names has
given rise to much confusion.
STOCK and Bonos.—The Pennsylvania Railroad stock
has been in¬
creased from time to time, chiefly by tlis sale of stock at
par to stock¬
holders, for the purpose of raising capital for new
acquisitions or better¬
ments.
In the period of depression
fo.lowing 1 >73 the Pennsylvania
RR. dividends were reduced and sometimes
passed. Tlu'divideiids paid
each year since 1*70 have been—in 1871.
1872, 1873 and 1874, 10 per
Cent.each yean in 1875 and 1876. 8 per cent each
year: in 1877,4; in
1878. 2 ; in 1*79, 4*2; in lsso. 6 and 1
per cent in scrip; in 1*81. 8 :
in 1.882. 0*2 and 2 scrip: in 1**3. 8*2.
The prices of the stock yearly in
Philadelphia since 1875 have been—
III 1876. 45 a 58%; in
1_*77. 24%« 4».;; in 1878. 27/7,35 *4; in 1*79, 32%
*®51%; in 1880. 4* « 67*4 ; in 1*81. 59*2/7 70% ; in 1*82, 53%a,05Lin 1883, 561sS 6434; in 1884 to Feb. 16. 57%
a 00%>
in March. 1*81. the company purchased 217.819
shares of the Phila¬
delphia Wilmington A Baltimore RR.. and the directors authorized the
issue of $20,000,000 new stock of the
Pennsylvania RR. In July, 1*81.
the 4 per ct. bonds secured by P. W. A B. stock were
issued, and tliev arc
purchased veariv at not over nar with the surnlus proceeds of Ph. \V. A
Baltimore dividends paid to the
trustees, and not needed for the pay¬
ment of ’nterest.
The collateral trust loan of 1883 is secured
by the deposit of mortgage
bonds of subsidiary lines to the par value of
$i2.500,000.
Operations, Finances. Ac.-The Pennsylvania Railroad was the
first
in the United States to begin the practice of
leasing or controlling a
great number of branch and connecting roads to secure the
business
in certain territories. Some of the leases and
guarantees were made at
high figures unprofitable to the lessee, and in the period of
depression,
1877-8. the Pennsylvania RR. suspended for a time the
pavment of divi¬
dends. Nor did the company then
pay dividends in stock to represent
the earnings actually made and expended on debts or
improvements.
The company fimJly gave uj) its iuteres! in roads
south of the Poto¬
mac, including the Richmond A Danville.
The total cost to the Penn¬
sylvania Railroad Co. of the stocks and bonds of other companies hold
in its
treasury w as $81,037,668 (par value of the same $112.657,056)
most of which is represented ou the other side of the
balance sheet by




1879.
Gross

1880.*

1881.

earnings

1882.

$31,620,279 $41,260,073 $44,124,182 $19,079,834
Operating expenses. 20,382,740 24,625,048 26,709,809 30,647,405
Net earnings
$14,237,539 $16,635,025 $17,414,373 $18,432,429
The income account embraces all receipts and expenses of the Penn¬
sylvania Railroad proper, but not including the roads west of Pittsburg
A Erie, operated by the Pennsylvania Company.
....

GENERAL INCOME

ACCOUNT— (PENN.

Net income Pennsylvania RR. Division
Net loss New Jersey Division

RR. CO.)
1881.

$10,131,718
302.865

Balance
Deduct—

1882.

$10,768,565
568.758

$9,828,853

$600,000

Payments to trust fund
Consolidated mortgage redeemed
Baltimore A Potomac Railroad—Advances
ShamoKin Coal Co.—Advances
Phila. A Erie—Deficiency in interest.

$10,199,805
$600,000
282.810

286,480
.

-...

Allegheny Val. RR—Deficiency iiiinterest..

Do
Advances
Sunb. Haz. A Wilkesb.—Deficiency in iut
Fred. A Penu. Line RR.
do
Am. SS. Co.—To meet iut. guar, by Penu. RR.
Do
Advances

143.332

7,000

175,973
242,621

3,500

257,384

157,464
50,000
15,000
90.0J0

361,591

$1,767,870
$8,060,983

_

$1.68.).285
$8,514,520

Balance to credit of income account

15.000
90,000
25.000

.

Dividends

50.000

(8) 5.861.71* (8*2)6.890.715

Balance to credit of profit and loss for year..
Add from settlement of old accounts, Ac
...

Add am’nt to credit of profit and loss Jan. 1.
Balance to credit of profit and loss Dec. 31..

$2,199,265
350.866

$1,623,80a
226,755

$2,5 0,13 L

$1,850,560

7.793.949

10.344.079

$10,344,079 $12,194,636
V. 36. p. 109, 253, 265, 280, 332, 366, 480, 510, 591, 652,
707, 731 ;
V. 37. p. 23, 202, 343, 448, ISO, 510, 533, 593. 720; V. 38,
p. 31, 116,
196, 203.)

—

Pennsylvana Company.—The Pennsylvania Company is a cor

poration chartered by tlie Pennsylvania Legislature, April 7, 1870, dis¬
tinct from the Pennsylvania RR., and operates all the leased lines west
of Pittsburg. The stock is owned by the Pennsylvania
-d
RR.
The registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
Wayne A Chicago special stock. The gold bonds of 1921 are secured by
a deposit in trust of the leases of the Pittsb. Ft.
Wayne A Cbie. and the
Cleve. A Pittsb. railroads and are also guaranteed by the Penna. RR.
Co. The trustees of the mort. are Wistar Morris, Edmund Smith and S.
M. Felton. The sinking fund is 1 per cent per
annum if the bonds can

be bought at par.
The whole number of

miles operated or in any way controlledby this company is 3.547. The income account of flic company showed
net profits over all liabilities of $1,896,487 in 1880;
$1,806,183 in 1881
and $1,067;S83 in 1882.
(V. 36, p. 110, 479. 673 ; V. 37, p. 98.)
Pennsy lvania <fc New York (Canal and Rail way).—Owns
from

Wilkesbarre. Pa., to Lackawanna, Junction on New York State
Line, 104 miles. Branches to mines, 19 miles. Operated in connection
with the Lehigh Valley Railroad as a northern outlet. Common
stock,
$1.001,700, and preferred stock, $4,000,000. Gross earnings in 1881-82,
$2,303,544: net, $1,043,401.
Gross in 1882-83, $2,316,84,7; net,

$961,821.

Elisha P. Wilbur, President, Philadelphia, Pa.
Pennsylvania Schuylkill Valley.—June 1, 1883, the organiza¬
tion of this company was completed by consolidation between the Phila¬
delphia Norristown A PlKenixvilie, the Pluenixville Pottstown A Read¬
ing and the Pluenixville A West Chester railroad companies. The road
is projected to extend from Philadelphia to
Reading, and is controlled
by the Pennsylvania Railroad Company. The capital is $4,500,0,.0.
Peoria & Bureau Valley.—Owns from Bureau Junction to Peo¬
ria, III., 47 miles. The road was"leased in perpetuity April 14, 1854, to
the Chicago A Rock Island Railroad at a rental of
$125,000 per annum.
Officers

same as

Rock Island.

Peoria Decator «3fc Evansville.—Owns from Peoria to Evansville,
235 miles;
branch—Stewartsville, Ind., to New

Harmony, lud.,

9

February,

Subscribers will confer a

For

explanation of column headings,
first
"on

page

of tables.

Miles
of

Ac., see notes

Income

20
20
38
38
11

1,000

±

m

-

m

1

*50

*83

40
287
287

’77).
2d mortgage
General M.f g., guar by Pa.RR.($5,203,000 rg. 5s)
Phila. OcrmanVn d Chestnut Uill—1st mort., guar
Philadelphia Germantown d Nopristoivn—Stock. ...
Philadelphia Newtown d New York—Stock
Bonds, guar, by Phila. A Read., coup

1857
1868
1869

29

100 Ac.
50
50

di
892
892

Philadelphia d Reading—Stock, common
Preferred stock

sterling, coupon

dollars, coupon

convertible, coupon

*

*

*

*

1843
1843-9
1857

but
1879.

107.)

Greenfield, N. II., 11 miles.

Peterborough.—Owns from Wilton to

Completed Jan. 1, 1874. and leased by Nashua A Lowell Railroad
for 20 years from 1873 at 6 per cent on cost of the road. In 1879
lessees withheld rental, but a suit was decided in favor of Peterborough.
James Scott, President, Peterborough, N. II.
Petersburg.— Petersburg, Va.,

to Weldon, N. C., 63

1877, a receiver was appointed, but steps
age bondholders to prevent a sale, and

were

miles. In May,

taken by second mort¬

reorganization was made with

23,500 preferred stock and $1,000,700 common stock. In
gross earnings, $298,543: net, $138,840 ; in 1882-83, gross,
net, 154,215. (V. 35, p. 603.)

1881-2,

$335,179 ;

Philadelphia Sc Baltimore

Central.— Philadelphia to West¬

chester, 26 miles; Westchester Junction to Octora.ro Md.. 46 miles;
leased Chester Creek Railroad, 7 miles, and Columbia A Port Deposit
Railroad, 4 miles; total operated, 83 miles. This was a consolidation,
Oct., 1881, of the Philadelphia & Baltimore Central and the Westches¬

stock Philadelphia Wilming¬
earnings, $663,956;
$5,943.

ter & Philadelphia railroads. Of the .new
ton A Baltimore Holds $1,669,400.
Tn 1882 gross
net, $152,893 ; deficit after paying all charges,

Philadelphia Sc Erie.—Owns from Sunbury to Erie, 287 miles.
Formerly Sunbury A Erie RR. If was leased to Pennsylvania RR. for
999 years from Jan. 1, 1862, the lessees to pay 30 per cent ot gross
receipt as rental, but modified January 1, 1870, so that actual net
receipts are paid as rental. The consolidated mortgage is guaranteed by
the Pennsylvania Railroad. The unpaid coupons of $1,569,392 are held
by the lessee for advances
Last annual report in Chronicle of Febru¬
ary 23, 1884.
INCOME ACCOUNT.

1383

1880.

1881.

18*2.

$
3,454.309

$

Total gross eam’gs...
Net receipts—
Net earnings
Rents

■$
3,727,733

4,011,014

4,103,843

1,369,380
4,840

1,024,250

1,411.880

4,835

3.580

1,1 SS.020
4,892

Total net income...

1,374,220

Disbursements—

$.
1,093,720
162,200
106,567
37,306

1,029,085
$
1,077,995

1,415,466
$
1,062,270

1,399,793

165,345
135,278

161,410

45,710

95,087

1,424,328

fief.25,573 def.395,243

■

$

1,492,912
$
1,002,270
162,281
10,000

43,024

1,277,575
1,317,767
8iir.97.699 sur.215,337

Philadelphia Germantown Sc Chestnut

phia from Connecting Railroad to Chestnut Hill,
1, 1883, leased for 3<j years to the Pennsylvania
antees 4*2 per cent on the bonds. (Y. 36. p. 366.)

Hill.—In Philadel¬

6*2 miles. From May
RR. Co., which guar¬

Philadelphia Germantown Sc Norristown. — Philadelphia.
Pa., to Norristown, Pa., 17 miles; Germantown Branch, 3 miles; Ply¬
mouth Railroad, 9 miles; total, 29 miles.
The property was leased
Nov. 10, 1870, to Philadelphia & Reading Railroad for 999 years at a
rental of $269,623 and $8,000 yearly for organization expenses. Divi¬
dends of 12 per cent per annum are

Philadelphia Newtown Sc

regularly paid.

A.
J.
M.
A.
J

Sept. 1, 1920
Sept. 1, 1920
N.Y., Metropolis N. Bit Feb. 1, 1921
do

do

do

Norristown, Pa.

A 0.

5
7

700,000
32,831,375

1,551,800
967,200

1,499,500
79,000

purchased

Feb.

M. A N. N.Y., Compauv s Office.
do
do
A. A O.

A. A O.
J. A J.

Q.-J.

,

Philadelphia, Pa. RR.
Philadelphia, Pa. RR.
do

do

1911

April 1, 1891
1. 1897
July 1, 1888
Oct.

Philadelphia A London. July, 1, 1920
Dec. 3. 1883

Q.-M. Phila., Treasurer of Co.

3

A. A O.

2*3
3*2

Philadelphia, Office.

J.
J.
J.

6
6
6

12,012 shares, giving

Oct. 1, 1897
Jan. 25,1876
1880

Phila., 227 So. 4tli St.

Q.-J.
Q.-J.

6

1, 1921

Apr. 1, 1887
June 1, 1913

no
do
D.
Nov.. 1883
Nashua, Treasurer.
N
Oct. 1, 1897
O. Boston, N. E. Trust Co.
Jan., 1872
J.
Petersburg. Va.
Jan
do
1879-’98
J.
JulV 1, 1926
do
J,
Oct. 1, 1926
0.

6

7
7
5 A 6 g.

Stocks—Last
Dividend.

New York.

A J.
A J.
A J.

do

do

July, 1910
July, 1910

London.

Philadelphia, Ofiioe.

July, 1886

do

do

control of the property, and

guaranteed the bonds;

operated in connection with the North Pennsylvania RR.
Earnings in 1881-82, $60,000; expenses, $126,422 ; deficit, $65,717.

the road is

Philadelphia Sc Reading.—Line of Ro.vn—Owns main line.
Philadelphia to Mount Carbon, Pa., 98 miles; branches owred, 228
miles; leased lines, 453 miles; roads controlled, 66 miles: total oper¬
ated in 1882. 846 miles. These leased lines include the North Pennsyl¬
vania and Delaware A Bound Brook roads, from Philadelphia to Bound
Brook, N. J.. and bram-li to Trenton, but not the Central of New Jersey
roads. In May, 1883, leased the Central RR. of New Jersey, including
its leased lines

in

Pennsylvania.

In June, 1883, the

Sliainokin Sim-

Jersey

bury A Lewisburg was finished, and this, in connection with the
Shor e Pine Creek & Buffalo road to Stolcesdale, forms, over other lines
the important connection with the New York Central A Hudson lines at
Geneva and Lyons, N. Y.
Leases. Ac.—The
chartered April 4, 18 13. to build

Philadelphia A Reading Company

Reading, and
Carbon Railroad was merged and became
part of the main line. Road opened Philadelphia to Pottsville in Jan.*
1842. The Philadelphia A Reading Co. leases a number of roads in
Pennsylvania, including the Catawissa. Clie-= ter Valley. Colebrookdale,
East Pennsylvania., Little Schuylkill, Mine Hill.Schuylkill Valley, Phila¬
delphia Germantown A Norristown, Philadelphia v Chester, and some
minor roads; also the North Pennsylvania Railroad and
DelawareA Bound Brook, forming the line from Philadelphia to New York.
In
May, 1883, the Central or New Jersey was leased, including the leased
lines of that company in Pennsylvania.
The fiscal year ends Novem¬
ber 30. The annual election is held early in January and stock must
stand in the name of a holder for three months prior to the elec¬
tion to entitle such holder to vote.
The Philadelphia A Reading Coal A Iron Company is a corporation
formed (Dee. 12, 1871) for the purpose of owning and working the ex¬
tensive coal properties of this company. The Phila. A Read. RR. Co. owns
all the stock ($S00u,000) of the Coal A Iron Company.
Stock and Bonds.—The preferred stock is of small amount, and did
not receive any dividends from 1880 ti l 1884, when 2* per cent for
back dividends*was voted, contingent on the negotiation of the collateral:
trust loan. The dividends paid on Philadelphia & Reading stock from
1870 to 187 >, inclusive, were 10 per cent each year; in 1876 2*2 per cent,
was paid and nothing since.
The range of P A R. stock yearly in Philadelphia since 1875 has been :
in 1876, 18i2fb55; in 1877, 10/C204: in 1878, U%»1»V. in 1879,
11 ^@37^8; in 1880, 6^4^36^; in 1881, 2538^374; in 1882,2De»
335e; in 1883, 23^2)304: in 1-84 to Feb. 16, 2 .^2'2958.
The bonds in the table ab >ve are arranged with the mortgage bonds
placed first, then the plain debentures, i iconic bonds, scrip, &c. The
general mortgage bonds dated in 1874, were the last of the mortgage
issues prior to tue appointment of receivers in 1880, and after d fault
on these bunds for some time coupons were paid in full in July, 1882.
Of these bonds $5,000,000 more at 7 per c nt were issued in 1882.
Under the sinking fund clause the right has been claimed by the com¬
pany to pay oft these bonds at any’time on proper notice to the bond¬
holders.
The trustees of the general mortgage of 1874 hold the bonds of the
Coal A Iron Co., viz., $29,737,965 hi or t mg'* of 1^71 and the Philadel¬
phia A Reading Co. also holds the $10,00.0,000 mortgage of the Coal A
Iron C‘*. dated 1876.
The Deferred Income bonds have a claim for 6 per cent interest only
after 6 per cent has been paid on the stock.
In January, 1883, the con¬
vertible adjustment scrip was issued, secured by $4,000,000 income
mortgage (see terms in V. 36. p. 48), payable on 90 days’ notice any
time after Julv, 1885, and convertible into stock at par, and the new
blanket mortgage, dated in 1882, due in 1922, is issued in adjustment
of certain liabilities, and of this mortgage $6,000,000 of the first series
and $5,009,000 second series were listed at the New Yoik Hock. Ex¬
change in June, 1883.
In the annual report for 1S83, Mr. Go wen (V. 38. p. 86) stated the
total floati. g debt Jan. 10, 1^81, at $6,751,000, and the amount yet due
on 50,000 shares of Central of N. J. stock purchased
$3.460,311; the
income mortgage bonds outstanding to be retired were $2,141,0oo. To
pay these several sums it was proposed to issue $12,000,000 collateral
trust bonds, bearing 5 per cent, secured on the stocks and bonds therestated.
Operations, Finances, Ac.—The Philad lpliia A Reading Co. haa
been the largest of the anthracite coal carriers, and through its auxiliary,
the Philadelphia A Reading Coal A Iron Co. became a large owner of
coal lands. Between 1870 and 1876 tlieP. A R. increased heavily its
capital account in the purchase of new properties, and after paying lO
per cent dividends for some years ceased to pay after Jan.. 1876.
In May, 1880, the company suspended payment, and on May 24
receivers were appointed and held possession till May, 1S83.
In 1883 the P. A R. Co assumed a new position in two respects, first
by building the connecting line to carry coni to the New York Central
A Hudson, and secondly by lousing the Central of New Jersey railroad
system, assuming all its liabi’ities and agreeing to pay 6 per cent a yearon the Central of New Jersey stock.
One of the most important changes
made by this lease is the placing of all the Central of New Jersey
coal lands a d coal traffic under the Philadelphia A Reading man¬
was

on

from Philadelphia to

May 13, 1872, the Mount

New York.—Owns from New¬ agement, giving the latter control of

town Junction to Newtown, Pa., 21 miles. Capital stock, $1,200,000.
On November 10, 1879, the Philadelphia & Reading Railroad




Q.-F.

pal,When Due,

Payable, and by
Whom.

May 1.

Organization,

Perkiomen.—Owns from Perkiomen Junction, Pa., to Emails
Junction, 39 miles. The road was leased for 19 years from Aug. 1,
1868, to Phila. A Reading RR., and bonds guaranteed by the lessees;
the property was surrendered and all control given up in May,
Stock, $38,040. The balance sheet gives on the credit side $781,120 as
Philadelphia & Reading loan account. Net earnings in 1881-82, $122,
295; in 1882-83, $115,804. Interest on debt, $115,476. (V. 38, p.

Total disbursements.

M. A S.
M. A S.

Bonus—rmici-

„

A
A
A
A
A
J. A
A. A

5

1,000,000
2.231,900
1,200.000

500 Ac.

(V. 39, n. 253.)

Miscellaneous

13,943,000

1,000

Peoria, Ill., 10 miles; through Decatur,
This road is a consolidation of the
(formerly leased to the Wabash) and the
Decatur Mattoon A So. and the Grayville A Mattoon. Gross earnings
in 1881, $001,608; net, $230,004. Gross earnings 1882 $703,584; net,
$317.080; total payments, including 0 per cent on income bonds,
$319,200. (V. 37, p. 200, 375.)
Peoria &: Pekin Union.—Owns from Pekin to Peoria, 10 miles
The road is a union
on each side of Ill. River; total operated, 20 miles.
road, and the stock of $1,000,000 was taken by the different Peoria
RR. companies, and they pay a rental for use of the road and also pay
terminal charges. See full description in V. 3(3, p. 253. Opened Feb.,
1881. In 18^2-83, gross receipts, $399,125; net, $183,225; balance
over interest and rentals, $78,102.
A. L. Hopkins, President, New

Interest on equipm’t.
ExtraordinTy expen.

3,000,000

50
50
100 Ac.
50
50
£500

miles; leased, Pekin, Ill., to
3 miles; total, 254 miles.
Pekin Lincoln A Decatur RR.

York.

2.400,000
976,000

1,000
1,000
1,000

....

6
6
c g.
6 g.
6
6 g.
3
6
3
8

2,500.000
1,000,000
1,100,900
7,015,090

1,000

Where

Payable

375,000
560,000
900,000

......

....

1881
1871

Cent.

385,000
147,000
1,324,200

,9

83
27
287

When

1,125.000

100
500 Ac.
100

1,000

1881
1867
1873

1831
1881

Philadelphia d Balt. Central—Stock
1st mortgage (for $2,500,000)
Westchester A Phila., 1st mortgage
Philadelphia d Erie—Stock, common
Preferred stock
1st mort., Sunbury A E. (extended 20 years in

do

100

1881

Rate per

$1,470,000
1,230,000
1,500,000
1,500,000
799,600

1,000
1,000

1877

63
82

Bonds, class A
Bonds, class B

do

Outstanding

$1,000

mortgage,

Mortgage loan,

Amount

Par

1880
1880

non-cumulative, gold
Perkiomen—1st mortgage
Consol, molt., gold, guar. P. A R., (sink, fund)
Peterborough (N.H.)—Stock
Bonds (not inort.), redeemable after 1882
Petersburg—Stock ($323,500 preferred)
1st mort. bonds (payable $25,000 yearly)
Income

Size, or

Date
of

Road. Bonds

bonds (Evansv. Div.), not cumulative...
Pekin Union—1st mortgage, gold, coupon

these Tables.

INTEREST OR DIVIDENDS.

Value.

Peoria Decatur d Evansville—( Continued) —
1st mortgage (Evansv. Div.)
Peoria d

immediate notice of any error discovered in

great favor by giving

DESCRIPTION.

65

AND BONDS.

STOCKS

RAI LEO AD

1884. J

whole anthracite coal

business.

a

large proportion

of thft

60

RAILROAD

Subscribers will confer

a

exidauation of column headings, Ac.,
on lirst page of tables.

see

notes

BONDS.

[VOL, XXXVIII.

Cousol. inert.

($3,193,000 are gold 6s) cp. or reg.
mort., gold, $ or «£, coup
Gen. mort., gold, $ and £, cp.($5,000,000 are 7s).
Income mortgage. $
Consol. M, of ’82, 1st ser., gold (for $80,000,000).
do
2d series (for $80,000,000)
Debenture loan, coup

Improvement

....

....

do

convertible, coupon
Scrip deben. and guar, bonds, currency
Scrip general mort. and Perkiomen, 6, sterling..
Deferred Income bon is
Conv. adjustment scrip (for $1,000,000)
P. A 11. Coal A I., purchase money mort. bonds...
do
debenture loan
.

Philadelphia <£ Trenton—Stock
Philadelphia Wilmington c£ Baltimore—Stock

26
112

...

Pittsburg Bradford d: Buffalo—1st mort.,coup.. g’ld
Pitts. O'. <£ St.l/.—1st M., consol.,
reg. and coup
2d consol, mortgage
1st mort., Steub. A lud., extend, in 1881,
reg
Col.
Newark Division bonds

i'o'ii
200
200

125
33

Holliday’s C'oveRR. mortgage bonds

INTEREST OR DIVIDENDS.

Miles
Date
Size, or
of
of
Par
Road. Bonds Value.

Philadelphia rf Reading—(Continued)—
Mortgage loans, coupon

Plain bonds, loan
do
do
do
do
do
do

AND

great favor by giving immediate notice of any error discovered in these
Tables.

DESCRIPTION.
For

STOCKS

1868
1871
1873
1874
1876
1882
1883
1868,
1873
1877
1877
1882
1-83
1872-4
1872

Outstanding

$L,000
1,000
1.000
1.000
500 Ac.
500 Ae.

Consul, mort., guar. B. A O. (s. f. £7,200 pr. yi\)

..

2.49
10
149

1868
1859
1876

A.
J.
A.
J.
J.
M.
F.
J.
J.
J.
J.

0)

6
6

0)
25,351.651
2,209,°40
12,347,000

....

500 Ac.

1,000

6
6 A 7
7

....

1,000
1.000
1,000

800.000

6 £•
7
7
5
7
6
7
6
6 g.

120.000

1.000
100 Ac.
£200

4,000,000
326,600

6,292,000

S.

Q.-J.

6
6
5

6.863.000
2,500.000
3,000,000
134,000

1,000
1,000

M. &

4
6

1,000,000
700,000
800,000
1,000,000

1.000

A

Various

2*3

11,795,050

1,000
1,000

& J.

A
&
&
A

O.
D.
O.
J.
D.
N.
A.
J
J.
J.
J.

6

.

1,731,000
1,259,100

100
50

&
A
A
A
A
&

J.

%B-

....

Pittsb. d Connellsville.—1st
mortgage
1st no rtgagc Turtle Creek division

Cent.

%

100 Ac.
100 Ae.
10 Ac.
90 Ac.
50 Ac.

Bonds—Priuel

pal,When Due.
When Where Payable, and by
Stocks—Last
Whom.
Payable
Dividend.

Rate per

7
$2,700,000
18,811,000 6 g. or 7
6 g.
9,364,000
24,686.000 7 & 6 g.
7
2,141,000
6,000,000
85,000,000
1.124,900
7
19,395,000

200 Ac.

,

1867
1872-4
1875
1880
1881
1868
1873
1864
1864

Amount

J.
A.
A.
A.
T.
A.
F.
A.
J.
J.
F.
J.
F.
J.

&
A
A
&
&
A
&
A
&

Philadelphia, Office.
Philadelphia A London,
do
do

do
do

Pliila. and London.
do
do

Philadelphia, Office,
do
do

Philadelphia A London.
Philadelphia, Office.
do

Philadelphia, Office.
Philadelphia A Boston.

J.
O.
do
do
O. Pliil’delphia, Co.’s Office
O.
do
do
D.
do
do
O. N.Y., Nat. Bk.Republic.
A. Pliila., Pa., RR. Office,
O.
do
do
J.
do
do
A J.
do
do
& A.
& J. Balt., Balt. A Ohio RR.
A „A. Pittsb., First Nat. Bank
A J.l London. J.S.Morgau&Co
1

1. 1897

July 1, 1908

Dec. 1, 1896
Feb. 1, 1933
Feb. 1, 1933

July 1, 1893
Jan.

Philadelphia A London.

do

1, 1893
June, 1911

Oct.

Philadelphia, Office.

do
do

Oct.

1, 1893

July, 1882
July, 1882
Irredeemable.
Jan. 1, 1888
1892 to 1894

1892
Jan. 10, 1884
Jan. 2, 1884

April, 1887
Oct.

1. 1892

April 1. 1900
June, 1910
April 1, 1911
Aug. 1, 1900
April 1, 1913
Jan. 19L4
Jan.. 1900
1893

July, 1898
Aug. 1, 1889
Jail.

1, 1926

For one moi.tli from Dec. 1, 1883, the earnings of the
The report for the year
Philadelphia A
184 stated that the tonnage transported was
Reading including the Coal A Iron Co., but m>t including the Centra! of 3,12.' j 45 tons,
against 3.297,8 44 tons in the previous year—a decrease
N. J., have been: Gross $2,<-72.253; am-inst
of 172,199 tons, due
$2,865,201 in 1882;
mainly to a large reduction in the coal traffio
net, $509,152. against $843.7s3 in 1882. The h ss on ti e Cc ntral New caused
by the strike which prevailed during the early part of the year.
Jersey l.-ase from Dec. 1 has been $213,'. 96
The coke traffic shows a decided increase. The
revenue from the local
The fiscal year ends November 30. The annual
report of Mr. Goweu tonnage decreased $40,960, while that from
for 188 < was published in t.lic Ciiuomci.k of Jan.
foreign tonnage increased
19, 18-4 (V. 38. p. 85). $134,916. The average rate received per ton
per in do was 7 mills,
aud covers so much ground that reference should bo made
thereto. The against 7-2 mills in the previous
year, while the average cost shows a
following table shows a comparison between the results of t: e two slight increase.
There were carried 1,161,538 passengers,
against
years’ • merarimis. The earnings of the railroad Co. (not including Cen¬ 1.017,131 in 1881, an
increase of 144,107. entirely in the local travel.
tral of New Jersey) were us follows:
The increased revenue from
passengers. $103,909, was derived from
both local and through travel. The condition of the
1881-82.
1882-83.
motive power was
about, the same as at the end of tho
Gross
Net
Gross
Net
preceding year," and the condition of
the equipment fairly maintained. The double track was
Earnings.
Earnings.
Earnings.
Earnings.
further extend¬
Railroad traffic...$20,333,649
$8,861,139 $21,4*4.767 $10,375,506 ed from McDonald’s Siation to a point west of Midway, making a total
Canal traffic
of 21 *7 miles. The grading was also
841,143
332,452
923,6-8
391,772
completed ready for the track os
Bteam colliers
far as Bulger. Tho expenditures on this account
61«,490
271,548
amounted to $73,371.
533,351
'
179,845
Richmond, barges.
66,834 Loss. 17,543
Comparative statistics tor four years were as follows:
61,950 Irss.13,715
,

Total

.

$21,890,116

>

$9,447,596 $23,006,756

KMININGS AND EXPENSES.

$10,93 1,409

1879.

rentals, Ac. (but not
as

including

follows for live years past:

Total gross

any payments to sinking funds), are given

Operating

Gross
Revenue.

Op. Exp. and
Net
Rentals.
Revenue. Interest, Ac.
Profit.
1880-hl $35,286,463 $28,598,114 $6,688,348 $6,505,093
$ 83,256
1881 82 37.300,161
30,053,228
7,246,933
6,303. 89
8S2.944
1882-83 40,015.616
31.705,682
8,339,924
6,616.18 t
1.523,7 1
The preconii g sta'ements in lude
nothing of the. Central of New Jersev Railroad operations, and the profit to
Philadelphia & R aiding on flic
lease of that road for the six months
ending No .. 30, l 83. was $633,
482; hut this was exclusive of about $27n,0 >o for dividends on the
stock for three months, as dividends did not commence, fill
September.
•(V. 36, p. 30 48,54,82, 196. 221, 253. 332. 340. 366. 480, 511, 5nl, f»74,
591, 652,707,724,731; V. 37, p. Iu7, 235, 3i3, 416, -i8J, 563, 595,
687,720; V. 38, p. 61, 85, 148.)
Philadelphia Sc Trenton.—Owns fr. in Kensington, Pa., to Morrisville, Pa., 26 miles and 'lioga Branch, 1 mile; b ased- Trenton
Bridge
Connecting Railroad, 7 miles, and Frankford A Ilolmesburg Railroad, 4
miles; total owned and leased. 39 miles.
On Dee. 1, i871, it was
leased with the United Companies of New
Jersey to the Pennsylvania
Railroad, at 10 per cent on stock, and is operated as a nart'ol its New
Year.

P.

Depreciation of securities, Ac
£1 undry accounts

from Phila¬
Branch, 4

‘

D 3 miles.




2,032.682

1,309,313

16,o4L

22,670

19.636

647,858

532,690

609,271

1882.
$

1,383,923

2,696,581

$
821,299

1,864,673

$
801,048
842.480
174,944
105,i »00
27,241

$
819.464
846,769
181,777
105,000

833,625
136,980
105,000

16,144
1 913,048

412,002

1,950,713

2,099.351
$

825,447
851,990
222,985

105,000

170,445
2,123.455

2,005,422
93,929

745,S68 def. 258,782

Exclusive of Col. Chic. A Ind. Cent.

...

Cash

on

hand

237,543
64,639

Add’us to Cin. S. C.Ry
Profit A loss balance.
Total assets
Liabilities—

All other dues A acc’ts
Due Little Miami RR.
Due C. C. A I. C. RR
Cm. Street Conn. bds.
Miscellaneous
Profit A loss balance.

$1,674,737

37,504

23,062,567

Stock, common
Stock, preferred
Bds. (see Supplem’t).

176,908

r
2,508,000
$

5,929.200

12,497,000

.

10,575

Bonds issued at $8,000 per mile. Stock
authorized,

1881.'
$

1879.
1880.
1881
1882.
Assets—
$
$
$
$
RR. equipment, Ac... 19,942,295 19,942.295
19,979.033 19,995,963
Stocks owned, cost...
58,399
58,399
58,399
57,299
Bonds own°d, cost
317,855
283,000
283,000
283,000
Betterm’ts to l’sed r'ds
660,293
706,241
835,376
656,777
BillsAacc’ts rec’vable
1,202,432
1,076.528
980,133
1,001,034
Materials, fuel, Ao.*..
541,607
625,859
732,474
832,930

1,165,816

$1,000,000, par $100; issued. $550,000.
Earnings 1882, $117,680;
net, $40.134. Charles W. Mackey, President, Frunkliu, Pa.
(V. 35, p.
451, 133. 236, 737; V. 37, p. 531.)
Pittsburg Cincinnati Sc St. Louis.— Owns from Pittsburg. Pa.,
to Columbus, Ohio, 193 niles; branch to Cadiz. Ohio. 8
miles; total, 201
miles. This wa* a consolidation of several
companies, May 1, 1868, in¬
cluding the Steubenville A Indiana aud the Pan Handle roads. This com¬
pany is controlled by the Penn. Company, through the
ownership of a
majority of its stock. This company also held leases of the Little Miami
and its dependencies and of the Columbus
Chicago A Indiana Cent. road.
Operated by the Pennsylvania Company, and
earnings separately
stated.
Common stock, $2,508,000;
first nrefeTed, $2,929,200;
second preferred, $3,000,000; par value of
shares, $50. The interest
on the second mortgage bonds, due
from October 1,1875, to April 1.
1878, inclusive, was paid in 1880.

I860.

GENERAL 11ALANCE AT CLOSE OF EACH FISCAL YEAR.

Extraordinary improvements of the road
107,395—
209,152
Balance Nov. 1, 1882
$l,46o,58d
—<V. 36, p.282.)
Pittsburg Bradford Sc Buffalo.—Owns from
Pa.. 91 miles; Clarion Branch, 6 miles; Saw Mill Foxburgto Kane,
Branches, 6 miles;

total,

67-17

2.325,050

Total

$332,013

$91,181

1,383,923

6782

86,521

Balance, surplus

1,522,843

Total

1,309,313

52 98

14.022

Int. onC.AM.Val. bds.
Loss on St. L.Y.AT. H.

$1,851,856

Renewal fund, balance transferred

2,032,682

55-61

4,214,923
2,831,000

711,466

Disbursements—

103,258

year
Profit and loss Nov. 1, 1881

1,599,562

4,323,407

1,599,562

Rentals paid
Interest on debt
Other interest...

$1,751,597

Surplus for the

2,290,725

1879
$

Total income!

paying regular dividends, wi'h a considerable surplus. From
1870 dividends of 8 per edit on the stock have been
paid each year.
In April, 1881, nearly the whole stock was
purchased aud is held by
Penn. RR. Co. Income account for 1882 as follows:

Interes t and 8 per cent dividends

Net earnings
of op. ex. to earn’s..

Miscellaneous

profitable.,

Total

1882.
$

$
4,069,053
2,759,740

c.

Net earnings
Rentals and interest.
Net from leased roads

total operated. 207 miles. Owns over half the stock of the
Philadelphia
Sc Baltimore Central.
This read on the main route,
Philadelphia to Baltimore, lias been

Interest, protit on Delaware lease, Ac

1881.

3,603,123
2,003,561

earnings....
expenses

Recc ipts—

delphia, Pa., to Baltimore, Aid., 90 miles; Port Deposit
miles; Southern Division to Rodnejr & Newcastle, Del:, 12 miles;
total,
main lim- and branches, 112 miles; Delaware RR.
(leased), 95 miles;

Net earnings

$

INCOME ACCOUNT.*

York division.

Philadelphia Wilmin gton Sc. Baltimore.1—Owns

1880.

$

The joint statement of the Railroad and the Coal and Iron
companies,
showing the earnings and expenses, the fixed charges for interest,

Total liabilities.

726,893
888,783
184,601

262,500
65,590

r

462,183
64,639

297,465
64,639
376.393

23,219,144
$
2,508.000
5,929,200
12,497,000
784,754
891,189
184,601
262,500
64,849

e

437,707
64,639
282,465

23,606.912 23,611,814
$

2,508,000
5,929,200
12,617 000

1,118,636
853,890
184.601

262,500
133,085

97,051

12,5ol,000

to,929,200
12,617,000
1,212,134
847,390
134,601
262,500
50,989

23,062.567 23.219.144 22,606,912 23,611,814
Includes supplies March 31, 1875. transferred,
t Of wrhlch $367,950 common and $2,950
preferred is Steub. St Ind
.

*

stook unconverted.
-(V. 35. p. 133; Y. 36. p.

340, 55 8; V. 37, p. 127.)

Pittsburg Sc Connelisvlllc.—Owns

from Pittsburg, Pa., to
Mt. Savage June., Md., 147 miles;
braucli, 2 miles; leased lines, 22 miles;
total, 171 miles. On Doe. 13 1875, tho property w-as leased to the
Balt.
A Ohio RR., and possession given Jan.
1, 1876. The P. A C. is credited
with all tho earnings and
charged with all the expenses, and a irplus
earnings over interest charges are credited to tho B. A O. Co for ad¬
vances.
The city of Baltimore transferied its Interest to the Baltimore
A Ohio Railroad for $1,000,000, and the consolidated
sterling mortgage
was made and
guaranteed by the Baltimore A Ohio. It is operated as tne
Pittsburg Division of the Baltimore & Ohio RR. In Feb., 1880, a judg¬
ment in favor of B. A O. Co. was confessed for
$4,354,748. Stook Is
$1,944,400. In 1879-80 the net earnings wore $1,011,827; in 1880-81,
<■

#(124.473; in 1881-2, $1,512,125; in 1882-83, $1,478,274.
639.)

(V. 37, p.

February,

1SN4.J

Subscribers will

confer a great favor

headings, Ac., see notes
on first page
tables.

explanation of column

of

Wayne <£•

Pittsburg <£ Lake Erie—Stock..
1st mortgage, gold, coupon..
Piitso. Ya. & Charleston—1st mortgage, gold
Pittsburg Youngstown & Ch icago—Stock
Pittsburg <£■ Western — 1st mort., g. (for $0,000,000)
Port Huron <£■ Northwestern—1st mortgage.

187902.

Consolidated mortgage

Equipment mortgage.

Jervis & Monticello—Stock
Port lloyal d Augusta -1st mortgage
2d mort., endorsed by Central Ga
Port

*

<

....

70
70
30
....

....

....

24
112
112

09
94
53
51
11
71
71

1st mortgage

Worcester—Stock

New bonds

....

....

Poughkeepsie Hartford & Boston—1st and 2d mort.
Providence d Spring/.—1st M. tend, by City Prov.).
Raleigh & Augusta—Stock

468
468
468
468
408

08

Augusta & Knoxville
General mortgage income bonds, coup
Portland d Ogdensb.—1st mort., gold
Consol, mortgage (for $3,300,000)
Portland d Rochester — Stock ($000,000)
Portland Saco d Portsmouth—Stock.
Portsmouth d Dover—Stock.
Portsmouth Gt. Palls d Conway—Stock.

Providence d

42
23
00

100
500 &c.
500 Ac.
500 Ac.

8,190,000
5,250,000

1,000
1,000

100,000
1,000,000
2,050,000
2.000,000

50

1878
....

1.000
1.000

3881
1879
1882

2.000 000

100 Ac.

....

....

•

•

•

•

....

....

1877
1875
1872
....

....

1,000
100'

S-8

....

lessees are to keep
The rental charge
is about $2,930,000 per year, and tjie profit to lessees has been large.
The Pittsburg Ft. Wayne A Chicago leases the Newcastle A Beaver
Valley and the Lawrence roads, which in turn are leased again by the
Pennsylvania Co.
The first martgage bonds are in six series lettered A to F inclusive,
of $875,000 each series, the interest on “A” series being payable Jan.
an i July; on “B” it is February an 1 August; on “C” it is March and
September; on “D” it is April and October; on “E” it is May and Nov ,
and on “F” it is June and December. The second mortgage is also in
six series of $00,000 each; lettered II to M inclusive (J omitted), and the
interest is payable Jan. and July on “G” series, Feb. and Aug. on “ II.”
March and Sept, on “ I,” April and Oct. on “K,” May and Nov. on “ L.”
and June and Dec. on “ M.” The bonds are coupon, but may be regis¬
tered payable to order. Of the 1st mortgage bonds, $1,337,500, and oi
the 2d mortgage $1,587,500, and $354,083 cash, were held in the sink
lng funds Jan. 1, 1881. The special improvement stock is issued to
Pennsylvania RR. for improvements, Ac., under article 10 of lease, viz.
Article 10. The party of the first part hereby agrees thatj for the
purpose of euabliug the party of the second part to meet the obligations
of the party of the first part to the public, by making from time to time
such improvements upon and additions to the said Pittsburg Fort Wayne
A Chicago Railway, in the extension of facilities for increased business
by additional tracks and depots, shops and equipments, and the substi
tution of stone or iron bridges for wooden bridges, or steel rails for iron
rails, the party of the first part will issue, from time to time, a special
stock, which shall bear such name as shall be hereafter agreed upon, oi
bonds, or other securities.” * - w “ The, said party of the second pari
shall guarantee the payment, semi-annually or quarterly, thereon of
such rate of interest as may be agreed upou between tiie parties hereto,
to he paid by the said party of the second part to the holders thereol
without deduction from the rent hereinbefore reserved; and the said
special stock, or bonds, or other securities, shall be issued only in respect
to improvements of and additions to the said railway which, and esti
mates and specifications of which, shall have been submitted to and
approved by the said party of the first part in writing.” * * *
Operations and earnings for five vears cast were as follows
Passenger Freight Cton)
Gross
Net
Div’d
Years. Miles.
Mileage.
Mileage.
Earnings. Earnings, p. ct.
408 77,819.493
037,470,500 $7,872,470 $3,529,085
7
7
468 80,400,470
803,053,200 8.401,503
3,729,298
408 104,287,111
800,257,399 lu,096,819
4,778,210
7
408 130,470,409 1,014,447,101 10,741,490
4,883,005
7
7
408
10,894,870 4,309,403
....

~(V. 38, p. 130)
Pittsburg; Sc Lake Erie.—Owns from Pittsburg, Pa. to
town, Ohio, 08 miles; branch line to Newcastle. Pa., 2 miles;
miles. Scrip certificates for $015,000, bearing 0 per cent
payable at will, are also outstanding. Gross earnings in 1881,
703; net, $5s3.004. In 1932 gross, $1,205,748; net, $508,701.
I*, 107, 501, 591, 075; V. 38,p. 80.)

Youngs
total, 70
interest and
$1,402,-

July 1, 1912
July 1, 191^
July 1, 1912 *
Jan. 1, 1887

do

do

Mch. 1, 1884
1883

Pittsb.
Philadelphia.

N. Y., Phila. A

0

J.

N.

A J.

3 Broad St.

Y.f 252 Broadway.

o g.

J. A J. N. Y., 2 >2 Broadway.
J. A J. Portland, Treas. Ofiice.
do
do
M. A N.

1,500,000
709,000
770,000
1.000.000

535,000
500,000
2,500,000
1.2 42.000

roads
Erie A

consideration. The mortgage was executed Oct.
1,1881, to the Mercantile Trust Co., covering the projected line from
Allegany City. Pa., to Youngstown, Ohio, and Newcastle, Pa., to Red
Bank, Pa., and Junction to Parker, Pa., in all about 200 miles. Also
the rights secured by the contract of the Wabash, Central of New Jer
scy an<l Rochester A Pittsburg combination.
Stock, $0,005,000. In

Gallery, Presi¬
Vice-President. New York. (V. 34,
V. 37, p. 392, 480, 711.)

net. $!4,o3<). Jas.

Sc Chicago. —Reorganization

July 1. 1928

April 1,1902.
July 1, 1921
Oct. 1, 1899
Mar. 1, 1922
Jan.

1, 1899
1898

July 1, 1903
Jan. 1, 1899Jan., 1900

Nov., 1901

Boston, Ofiice.
A J.
Portsmouth, Treas,
A J.
A J. Bust., Eastern RR. Co.
do
do
A D.

Jan. 15,1884
Jan.
1, 1884

J. Pro video ee, Am. N at.Bk
J. A J.
Providence, Ofiice.
do
do
A. A 0.

July 1, 1892

J.
J.

3
3
3

J.
J.

4^3

July 15, 1873
July 2, 1937
1905

7
rr

J.

4

3

o

A

Jan. 1, 1884
1897

1.873,000

lloyal Sc Augusta.—Owns from Port Royal, S. C , to Augus¬
Leaded in Sept., 1883, the Augusta A Knoxville road,
Augusta, Ga., to Greenwood. 8. c., 03 miles, for 99 years, at 5 per cent
on stock of $127,039, and assuming the bonded debt.
Formerly Port
ttoyal Railroad. Defaulted Nov. 1, 1873, and receiver appointed May 9,
1875. Sold iu foreclosure Juno 0,1878, and purchased for the bond
holders, who organized this company. The Georgia Railroad was en
dorser on $509,000 of the old bonds. The stock is $750,000, and in
June, 1881, a controlling interest was purchased by Central Georgia
RR. parties. Earnings for 1882-33 compared with "previous years as
Port

ta, Ga.. 112 miles.

follows:

1882-93.

1881-82.

1880-81.

$307, loO

$320,234

$350,085

$40,006

Gross earnings

$114,88'

241,198

280,227

272,112

Operating expenses

$34,987
Ogdensburg.—Owns from Portland Me., to Fabyans,
91 miles,
it readies the Vermont Division (now St. Johns bury A Lake
Champlain) by using 14 miles of the Boston Concord & Montreal RR.
Net

earnings

Portland Sc

the company made default on the
proceedings Avere begun, but com¬
promise was made by giving notes for overdue coupons up to July, 1878.
Inrerest is not paid on the consolidated mortgage, of which the city of
Portland holds $i,3 >0,000. The city of Portland owned a controllinginterest in the stock, which is $1,052,180. Earnings of the road for
and a 3-mile link of its own. In 1*70
I st mortgage interest and foreclosure

past were as follows:

six years

94
94
94

4878-79
L879-80

Net Earn’gs

Earn’gs.
$270,783
271,493
292,059

Gross

Miles.

Years.
1377-78

1380-81

94

94
04

$88,574
92,295
102,695
91.077
100,304

304,245

1881-82

354,173

1882-83

-(V. 30. p. 1G8 ; V. 37, p.

49,720

338.844

400.)

Portland A: Rochester.—Owns

from Portland, Me., to Roches¬

put in the hands of a
begun, but a settle¬
and bonds were con¬
earnings in 1881-82;
$197,940; net, $20,475. (V

ter, N. H., 53 miles. Tae old company was
Receiver February, 1977. Foreclosure suit was
ment was made in i 831 by which all the old stock
verted into the stock of the new company. Gross

$201,847; net, $o.52G.

In 1882-83, gross,

30, p. 168 )
Portland Saco Sc

Portsmouth,- -Portland, Me., to Portsmouth,
leased May 4, 1871, to the Eastern Railroad,
stock. Lease rental changed May 21, 1877,
debt.

N. 11., 51 miles.
It was
Mass., at 10 per cent on
and now 0 per cent. No

Portsmouth Sc

Rover.—Portsmouth, N. H., to Dover, N.

H., 11

Opeued February 1, 1874, and leased for 50 years to Eastern
of New Hampshire at 0 per cent per annum on the stock. Operated
now by Eastern (Mass.)
Frank Jones, President, Portsmouth, N. H.
miles.

Portsmouth

Great

Falls Sc

ay
Conway.—Owns from Conwa.
ad

Junction, Me., go North Conway, N. H., 71 miles. The Eastern
iu Massachusetts has made a lease of the road for GO years from
1878, with a guaranteed reutal of $45,000 a year,
pays

own

to
$1,251,050,
against

under

1881

Railroi
Deo. 1,
which
4Hj per
cent on $1,000,000
(V. 30. as the stock of the bonds, and the stock is to receive the same dividends
lessees. ' Total stock, $1,150,300, of which lessees

Pittsburg; Virginia Sc Charleston.—From Birmingham, Pa.,
Brownsville, Pa., 53 miles. The stock is $1,504,900. The bonds, $2,000,000, besides $208,100 debt certificates, and of the stock
are owned by the Penn. RR.
Net earnings in 1881 $127,141,
$127,952 in 1882. °
Pittsburg Sc Western.—This was a consolidation of several
dated June 15, 1881.
In Oct., 1883, a lease to New York Lake

of the

defaulted January 1,1882. (V.

Road.—Port Huron to
Juuetim to Sand Beach, 58; Port
total. 218 miles. In

earnings, $132,282; interest
payment. $87,225. John P. Sanborn. President, Port Huron. Mich.
Port Jervis Sc Monticello.—Owns from Port Jervis, N. Y., t"
Monticello. N. Y., 24 miles.
Formerly the Monticello A Port Jervis
RR., which was sold in foreclosure July 10, 1875, and reorganized
as the present Port Jervis & Monticello. Gross earnings in 1880-81, $28,171; deficit, $15,019: 1881-82, gross, $ 11,920; deficit, $4,123. The
stock is $724,270, issued to the former holders of first mortgage bonds.




do
do
do
do

do
do

J. A J.
A. A O.

1884

Jan. 2,
Jan. 1.

6
7
0
0 g.

“

Painesviile A Youngstown Co., which
34, p. 401; V. 35, p. 103.)
Port Huron Sc Northwestern—Lise of
East Sagiunw, 91 miles; Saginaw
Austin to Palms, 35; Port Huron to Alraont, 34;
1882 gross e iruings were $'45,218; net

Various
Various
A. A O
J. A J.
M. A S.

Stocks—Loot
Dividend.

do

do
do
do

J. A J. New York.
A. & O.
M. A S.
F. A A.

2/209,000

100
100
100
500 Ac.

subsequently to the Pennsylvania Company. The
the road in repair and also pay taxes, expenses, Ac.

1881-82 gross earnings, $178,ill;
dent. Pittsburg; Solon Humphreys,
p. 401; V. 35, p. 103, 200, 431, 546;

pal,When Due

by

532,000

1857, and
under

Pittsburg Youngstown

Bonds—Prrnoi

Y., Winslow, L. A Co.

N.

6 g.
7
6
7

030,000
1.500,000
800,000

100 Ac.
500 Ac.
100 Ac.

Pittsburg Fort Wayne «fc Chicago.—Owns from Pittsburg, Pa.,
Chicago, in., 408 miles. T»»e company made default Oct. 1,
again in 1859. and was foreclosed Oct. 24, 1801, and reorganized
this title Feb. 20, 1802. On June 27, 1809, the company leased all :t>
road and property to the Penn. RR. at a rental equivalent to interest,
sinking fund of debt, and 7 per cent on $19,714,280 stock, which was
increased at that time from $11,500,000. The lease was transferred

was

7
8
10 8.
6 g.
7 g.

4,000,900
3,099,000
755,000
917,009
105,000
724,270
4 50,000
121,000

1,000

1878
1882
1880
1878
1870
1871

7
7
7

5,160,000

2,000,000

Q.-J.
Q—J.

1%
1%

$100 $19,714,285
1871
1862
1862
1802
1857
1874

1877

($1,000,000 pref.)

to

Western

discovered in these Tables.

Miles Date Size, or
Amount
Where Payable, and
Rate per When
Par
of
of
Outstanding
Whom.
Cent.
Payable
Road. Bonds Value.

Chicago—Stock, guar.
Special improvement stock, guaranteed—
1st niort. (series A to F) » Bonds all eoupo
2d
do (series G to M) > may be made p
> to order.
3d mortgage
Pittsburg, Ft. Wayne & Cbic. construction bonds.
Equipment bonds (renewed).

Pittsburg Ft.

by giving immediate notice of any error

INTEREST OR DIVIDENDS.

DESCRIPTION.
r or

6?

BONDS.

RAILROAD STOCKS AND

$551,300.

Poughkeepsie Hartford Sc Boston.—Owns from Poughkeep¬
sie, N. Y., to Millerton, 45 miles.
The Poughkeepsie & Eastern RR.
was sold in foreclosure May 15,1875.
This road was sold iu foreclo¬
sure January 20, 188 4, under the second mortgage, and
purchased
in two soclious. (V. 38,p. 149. Tne first mortgage bonds are $35,000,
second mortgage $50o,000 The stock is $850,000. In 1881-2, gross
earnings, $08,403; expenses, $59,496. G. P. Pel ton, President, Pough¬
keepsie, N. Y. (V. 38, p. 149.)
Providence Sc

Springfield.—Providence, R. I., to Pascoag,

23

proposed to extend the road to Springfield, Mass., 80 miles.
Stock is $517,150. In 1880-81, gross earnings. $89,328 ; net, $42,485;
miles.

It is

in 1881-82, gross,
Providence. R. I.

$96,252; net, $34,997.

William Tinkham, President,

R. I., to
Milford & Woon¬
miles. The

Providence Sc Worcester.—Owns from Providence,
Worcester, Mass., 44 miles; branches, 7 miles; operates
socket RR. and Hopkinton RR., 45 miles; total operated, 06
Opera.ions and earnings for three
notes payable are $456,309
past were as follows :
Pa senger*
Years.

Miles.

Freight (ton)

Mileage.

Mileage.

Gross

Income.

22,211,710 $1,039,671
17,439.529
25.023,982 1,147,514
19.977,254
23,174,410 1,158,394
20,585,977
-(V. 35, p. 577 ; V. 37, p. 639.)

1880-31

..

60

00
1832-83.. 00

18s 1-82

..

Raleigh Sc Augusta.—Owns
98 miles.
Gaston.

years

Div.
p. c.
$316,345
6
302.799
6
322,330
6

from Raleigh, N. C.. to

Net

Income,

Hamlet, N. C.

controlled by Raleigh.
Earnings 1881-82. $222,354; net, $53,336.
Formerly Caatnam

Railroad, and is

68

RAILROAD STOCKS AND BOUNDS.
Subscribers will confer

a

great favor by giving immediate notice of any error discovered in
tbese Tables.

DESCRIPTION.
Miles
Date
Size, or
For explanation of column headings, Ac., see notes
of
of
Par
on first
Road. Bonds Value.
page of tables.

Raleigh A Gaston—1st mortgage
Reading A Columbia—1st mort coup, (extended)..
2d mortgage, coupon

97

-

40
40

,

1879-20.3

Debentures
Lancaster A Reading, 1st mortgage
Rensselaer A Saratoga—Stock
1st mortgage, consolidated (for $2,000,000)
Richmond A Alleghany—1st mortgage,
gold
Second mortgage, gold ($4,000.000)

15
193
79
250
250

Car trust bonds (payable $19,800
per year)
Richmond A Danville— Stock
3d mortgage, (consol, of 1867)
coup, or reg

do

141

141
....

48
29
38
33

2d mortgage
A Polomae—Bonds, ster

A

lOOAo
1.000
1,000
100 Ac.
100

....

1,000
1,000
1,000

ioo

-

1807
1874
1882
1808
1873
1873
1880

100 Ac.

1,000
1,000
1,000
1.000
1,000

1,000

•

•

•

•

....

•

•

••

»

Dollar loan
Coupon bonds of 1890
Coupon bonds of 1901

Richmond

$1,000

1871
1880
1881

825

do

Ircdcrieksburg

1873
1862
1864
1877
1873

•

»

•

....

•

•

•

•

....

•

•

•

•

....

.

Petersburg—Stock

.

_

.

25
25
25

1st mortgage, coupon
Consol, mortgage
Richmond A West PI. Ter. R. A TV Co.—Stock
Trust notes, secured by collateral
.1

—

....

....

100

....

1870
1875

1883

500 Ac.
100

5,000

Gross
Miles.
97
97
97
97

Reading Sc Columbia.—Owns

Earnings
$35,750
107.185

264,410
439,785

78,937
53,364
99,294

440,951

from Columbia to Sinking
Springs,
Lancaster A Reading Railroad,

Richmond

Danville.—(Sec Jfawj-Line

of

Road.—The

Danville, Va., 141 miles; branches,
Greensboro, N. C., 47 miles; Salem Junction
to Salem, 25 miles; leased: West
Point, Va., to Richmond, 38 miles;
Goldsboro, N. C., to Chanotte, 223 miles; Charlotte, N.
C\, to Atlanta,
209
miles._ and nairow gauge branches, 70 miles; total owned and
leased, 825 miles, of which 744 miles are
operated directly bv the Rich¬
mond A Danville Co. and the
earnings based thereon, and 81 miles,
mostly of the Ati. A Ch. narrow-gauge branches, are reported
separately.
By ownership of a majority of the stock of the Richmond A
West
Point Terminal Railway A Warehouse
Company, the Richmond A Dan
ville Railroad Company
indirectly controls and operates the following
lines of railway: Charlotte Columbia A
Augusta. 191 miles; Columbia

Railroad, 31 miles; Spartanburg Union A Columbia 08
miles; Northeast¬
er* of
Georgia, 01 miles; Western North Carolina Railroad, 274 miles;
Asheville A Spartanburg, 50
miles; Virginia Midland Railway, 405 ;
miles; Georgia Pacific, 313 miles; total miles thus
indirectly controlled

•through R. Ot W. Pt. Ter’l R. W. Co., 1,^04 miles;
grand total of miles
directly and indirectly controlled by Richm. A Danville RR. Co..
2,629.
Organization, Leases, Ac.-The Richmond A Danville RR. Co. was

•chartered March 9. 1847. The Piedmont HR. i^ i
irtuallv owned and the
.Northwestern North Carolina is also owned. The Rich. York
R. A Chesa
peake is leased in perpetuity; the terms of the North
Carolina RR
•and the Atlanta A Charlotte Air Line
Urises will he found under the
names of those companies.
The Richmond A West Point Terminal Rail¬
way A Warehouse Co. (see title of that
company below) is an
^corporation in which the Richmond & Danville holds a auxiliary
majority
($7,510,000) of the stock. The Richmond A Danville Extension
Co.
was organized to build
Georgia Pacific RR.. and large advances were
made to it by the Riclin end A
West Point Terminal Co.




$1,000,000
650,000

8
5
7
0
7
4
7
7
6
6
2
6
6
0
8
6
8
6
0

350.000

1,000,000
350,000

6,854,100
1,925,000
4,925,000
2,964,000

105,000
5,000,000
1,228,100

3,698,000
4,000,000
500,000
500,000
500,000
400,000
57,327
316,594
150,000
300,000
1,009,300
76,000
199,000

15,000,000
2,000,000

Ronds—Princi¬

When

Where Payable, and by
Payable
Whom.

J.
M.
J.
J.
J.
J.
M
J.
M.

A

J. Phila.,Pa.,A Ral’gh.N.C.
S.
Phila., Co.’s office.
D. Columbia, First Nat.B’k
D
Phila., Co.’s Office.
J,
do
do
J. JL Y., Nat. B’k Com’rce.
N. N.Y., Del.A H.Canal Co.
J. N. Y., No. 2 Wall Street
N.
do
do

A

A
A
A
A
A
A
A

pal, When Due.

Stocks—Last
Dividend.

Jan., 1898
Mch. 1, 1912
June, 1884
Dec. 1, 1917
.

July 1, 1893
Jan.

2, 1884
Nov., 1921
July 1, 1920
May 1, 1916
Yearly to 1900
; >3.
N. Yr., Met. Nat. Bk.
£>
Aug. 15, 1882
M A N N. Y., Central Trust Co.
May 1,’85 A’90

g.
g.

1

J. A J.
A, A O.
A. A O.
A. A O.
J. A J.
M. A N.
J. A J.

g.

g.

5, 0, 7

Various

8
0

J.
M.
J.
A.
M.

2*2
8
0 A 7

’o'

A
A
A
A
A

J
N.
J
O.
N

J. A J.

do
do
do

do
do
do

1915

April 1, 1927

1888 1902
1894
1890
1885
Richmond, Office.
1895-’99 1902
Phil..Townsend W. A Co.
1890
Richmond, Office.
1901
Jan. 1, 1884
Richmond, Office.
do
do
1884 to ’86
do
do
May 1. 1915

Richmond.
do
do
Loudon.

N.Y. Central Trust Co.

1885

45, and semi-annual interest was paid 011 these bonds
up to April, 1883,
inclusive. The interest on the bonds is
strictly cumulative. (See Chron¬
icle, V. 37, p. 373 and 421 )
In September the new board of directors
issued a circular as to payment of interest on the debenture
bonds, stat¬
ing that the net earnings for the year ending Sept. 30, 1882, as shown
by the annual report, <iid not warrant the payment of interest on the
debentures, Ac. (See V. 37, p. 344.)
Following are the earnings for four months from September 30, 1883:
Gross earnings.
>
/
Net earnings.
1883-84.
1882-83.
1883-84.
1882-83.
Richmond A Danv.. $1,395,007
$1,300,893
$652,214
$5 7,149
Virginia Midland...
548,771
524,055
215,873
214.758
Char. Col. A Aug
323,515
339,122
95,189
114,973
Columbia A Greenv.
278,021
391,533
131,881
107,409
Western No. Carol’a
143,134
97,208
40,890
28,605

.

solidate with the Ohio Central Railroad and
connection was to be made
■with the River Division of that road.
Subscriptions to bonds on this
basis were also made, but from failure to obtain
the necessary legislation
fhe consolidation was never
perfected.
A i lan of re
organization proposed was given in the Chronicle. V. 38.
p 17s, by which first mortgage bondholders take
5L3. per cent inter* st
till Jan. 1, 18s7; second mort.
holders to exchange for preferred stock;
ami stockholders
pay an assessment of 10 percent cash.
The stock is $5,000,000, and the 2d
mortgage bonds for $1,000,000,
though not all reported as sold, are understood to have been
pledged to
a considerable extent for
loans. In May, 1883. default on the mort¬
gage intere t was made, and on June 23 receivers were
report for 1882-83 was published in the Chronicle. V. appointed. The
37, p. 19 Land
showed the gross earnings to have been
$035,327, and net income,
$170,205. iV. 30, p. 724 ; V. 37, p. 23, 200, 69 l; V.
38, p. 178.)

Rate per
Cent.

Stock and Bonds.—The old stock and bonds of
the Richmond & Dan¬
ville Co. have not been
greatly increased in its expansion of late years.
In April, 1882, $1,000,000 stock was issued for
$5,000,000 of the Ter¬
minal Co. stock. The
capital stock is $5,000,000, and the first dividend
(3 per cent) was paid in January, 1881. The total dividends in
1881
were 5 per cent; in
1882, 7 per cent; none since.
The stock was listed on the New York Board in
Oct., 1881. The high¬
est and lowest prices since then have been :
In 1881 (3 months), 99Jo®
171; in 1882, 520250; in 1883. 47^72; in 1884 to Feb. 10.
52*2061.
The total authorized issue of
general mortgage bonds is $6,000,000, of
which $2,151,000 are reserved to take
up prior liens, including $89,000
due the State of Virginia and the Piedmont RR.
bonds. Early in 1882
the debenture bonds were sold to Richmond &
Danville stockholders at

Net

Earnings.
$234,511
242,478

Pa., 10 iudes; branches, 8 miles;
leased, 15 miles; total operated, G3 miles.
Stock, $958,208. The
road is controlled and operated
by Philadelphia A Reading, but
accounts kept separate.
The first mortgage 7 per cent bonds, due
1882, were extended 30 years ar 5 per cent. Gross earnings in
1882-83,
$450,459; net earn’gs, $133,421; 1881-82 gross. $132.9'. 5; net, $138,011.
Rensselaer & Saratoga.—Owns from
Albany to Lake Cham¬
plain, N. Y., 79 miles; Troy to Waterford Junction, N. Y 0
miles’;
Whitehall, N.Y., to Castletoin Vt., 14 miles; Eagle Bridge to
Rutland,
Vt., 02 miles; other, 2 miles; leased: Ballston to
Schenectady, 15
miles; Fort Edward to Caldwell, 15 miles; total operated, 193
miles.
It was a consolidation of several
lines, and the Delaware A
Hudson Canal Co. leased the whole March 1,
1871, at a rental of 8 per
cent on the stock and 7 per cent on the bonds.
In the fiscal year end¬
ing Sept. 30, 1882, the total payments by the lessee
company were
$707,282 for rental and ail charges, leaving a balance of
$71,170 as
profit. Operations and earnings for three years past were as follows:
Passenger Freight (ton)
Gross
Net
Div.
Years. Miles.
Mileage.
Mileage.
Earnings.
Earnings, p.c.
21,797,913
54,333,707 $1,821,318 $805,372
8
183
23,427,570
55,989.982
1,922.002
702,037
8
193
28,378,001
05,c88,489
2,104,590
828,908
8
Richmond Sc Alleghany.—Owns from Richmond to
Williamsons.
Va., with branches to Lexington, 250 miles, and leased Ilonrico
RR.,
Lorraine to Hungary Station. 11 miles: total
operated. 201 miles.
The company was chartered Feb.
27, 1879, and acquired by purchase
the properties and franchises of the
James River A Kanawha ('anal Co.,
and the Buchanan A Clifton
Forge Railway Company, incl
hiding water
rights on James River and terminals in Richmond; the cos of these in
ost
stock and cash was $0,588,009. The main
line, Richmond to William¬
son’s, was completed Sept. 12, 1881. In June1, 1881, it was voted
to con¬

main line is from Riehmoml,
Va., to
12 miles; Danville, Va., to

Outstanding

1,000

Kalcigli Si Gaston.—From Raleigli to Weldon, N. C.. 97 miles.
Stock, $1,500,000. In l.s81 a dividend of 3 per cent was paid. John M.
Robinson, Pres’t, Baltimore. Earnings for live years were as follows:

Years.
1870-7
1877-8
1878-9
1880-81
1831-82

INTEREST OR DIVIDENDS.
Amount

....

General mort., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
Piedmont branch, 1st mortgage
North western, N. C., 1st mort., guar
Richmond York River A Ches., 1st mortgage.

Rich’d

[Vol. XXXVIII.

/

*

...

$2,089,108

$2,718,871

$1,136,047

The annual report for the year ending
Sept. 30, 1883,
in the Chronicle, V. 37, p. 005,

containing the following:

Richmond A Danville & Piedmont railroads
Richmond York River & Ches. Railroad
North Carolina Railroad
Northwestern North Carolina Railroad
Atlanta A Charlotte Air-Line Railway

Revenues.

..

$1,554,011
249,826
800,110

passengers
express freights
United States mails

miscellaneous

610.572
28.659

$3,805,791
$3,651,073

$2,21 >*.853
$2 353,038
$1,586,937
1,298,035

1881-82
earnings in detail are as follows:

general freights

Expenses.
$745, 99
151,280
670,840

“

From
From
From
From
From

published

07,796
1,074,015

Same in 1881-82
Net earnings for the year 1882-83
*•
“

The

$1,122,954

was

1882-83.

..$2,591,181
909,504
68,834
152,130
84,080

sources

1881-82.

$2,018,122
905,937
60,000
180,602

113,811

$3,805,791
$3,651,072
(V. 36. p. 82, 140, 187. 313, 332, 358, 561, 099 ; V. 37.
p. 4S, 08, 100,
111,128, 151.170,235,208,295,344, 373,421,535, 665, 694; V. 38,

-

p. 88. 116. 203.)

Richmond Fredericksburg Sc Potomac.—Owns from Rich¬
mond, Va., to Quantico, 82 miles. In .November, 1881, there were
voted dividend certificates for $755,039 to be issued t(
holders of coin111011 stock (70 percent on each
share), to represent
the property out of earnings. The common stock is money spent on
$1,030, 100, and
guaranteed stock is $500,400, and “ dividend
obligations ” $720,200.

In 1881-S2, gross earnings,
$139,875; net. $172,543. In 1882-83,
$170.580; net, $95,401; net income over fixed charges, $102,216. gross.
Jan¬
uary 1, 1884, paid 2*2 per cent on stock and dividend
obligations. (V.
35, p. 025; V. 37, p. 504.)

Richmond Sc Petersburg.—Owns from Richmond to
Petersburg,
Va., 23 miles; branch, 2 miles; total, 25 miles. The road has earned
moderate dividends and the debt account is
very small.
In 1881-82
gross earnings, $174,378; net, $50,590.
In 188 J-83, gross, $182,821;
net, $78,245. (V. 37, p. 666.)
Richmond Sc West Point Terminal

Railway Sc Ware¬
by an act of the Legisla¬
auxiliary corporation of
controlling several stocks by own¬

house Co,—This company was
incorporated
ture of Virginia of March 8,1880.
It is the
the Richmond A Danville syndicate,

ership of a majority, the total miles of road thus controlled
beingd,804.
In April, 1882, the stock was increased from
$5,000,000 to

$15,000,000,
the old stockholders taking two new shares at
$25 per share for each
old share owned. The Richmond A
Danville Co. owns $7,510,000 of
tliis stock. The report in V. 37, p.
717 showed that the company
owned the following stocks, viz.:
$2,607,150 Richmond A Danville
Extension Co.. $120,000 Northeastern Railroad of
Georgia, $3,168,300
Western North Carolina RR. common and
$3,108,300 pref.; $100,000
Knoxville. A Augusta RR., $1,302,400
Charlotte Columbia & Augusta
RR., $3 577,333 Virginia Midland Railway, $1,001,000 Columbia A
Greenville RR., $49.<>00 Dim. Mock. A So W.
RR., $300,000 Richmond
A

Mecklenburg Railroad, $103,090 Rahuu Gap Short Line, $85,900
stock. $'.089,320 Georgia Pacific Railroad; aud the fol¬

Terminal

lowing bonds; $100,000 Knoxville A Augusta 1st
mortgage 6 per cents,
£398,000 Spartanburg A Asheville 1st
mortgage 6 per cents, $1,720,000
Western North Carolina 1st
mortgage and $3,090,000 2d mortgage.

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STOCKS AND BONDS

KAILROAD

ro
Subscribers will cimfcr a

groat furar by

^ivia^ l;n:netliat© notice

[Vol. xxxvm

of uny error discovered In these Tables.

Ronds—Princi.

INTEREST OR DIVIDENDS.
Date
Size, or
Miles
Amount
When Where Payable, and
Rate per
Par
of
of
Outstanding
Whom.
Cent.
Payable
Road. Bonds Value.
■

-

DESCRU TION.
For

explanation of coUitnu headings,
on first pag
of tables.

Ac., see notes

.

Rio Grande d Pecos— 1st M.. gold ($20,000 p.
Rochester d Gencssee Talley—Stock
Rochester d Pittsburg.—1st mortgage
Consol, mortgage
2d mort. for terminal facililies
New 2d mortgage
—
v

Equipment bonds (car trust)

in.

258

in 3 series

Rock Island d Peoria—Stock
l9t mortgage
Rome Watertown d Ogdensburg—Stock

1st sinking fund mort., Wat. & It. (extended)
General mortgage, sinking fund
2d mortgage
Consol, mort., (extended July, 1882, at 5 per
Income bonds

ct.).

Syracuse Northern (gold)

Rutland—General mort. (8 per cent, reduced to (»»..
New 2d mort. in excli. for equipment bonds, Ac.
Sabine Pass d lexas North—1st M. ($3,500,000) _
Sacramcnlo d Placerville -1st
1st mortgage (S. & P. RR.)

mortgage (S. V. KR.).

Saginaw Valley d St. Louis.—1st mortg., coup
St. Johnsbury d L. Champlain—1st M.,coup. orreg.
St. Joseph d St. Louis—1st mortgage
St. Joseph d Western- 1st M. St. Joseph & Pacirie..
2d mortgage
Kansas «v Nebraska, 1st mortgage
Kansas & Nebraska, 2d mortgage

Hastings & Grand Island, 1st

31
18
108
258

mort

St. Louis Alton d Terre Haute— Stock
Pref. st’ek (7 cumulative)

91
91
417
97
190
190
409

1882

1879-20

555,200

1,000
1,000

1,000
1,0(10
1,000

3

1,300,000
3,800,000
600,000
2,000,000

100

1881
1882
1*83
1884
Var’s

6
6
6

150,000
5,293,900
418,300
1,021,500
1,000,000
5,498.000
2,094,280
500,000
1,500,000
1,500,000
(?)

25,000

1855

100
100 Ac.
500 Ac.

1801
1872

1874
1882

1,000
1,000
1,000
1,000

45
120
120

1871

1872
1878
1882
1855

100 Ac.
100 Ac.

48
29
120
70
112
112
115
115
25
314

1877
1872
18 SO

1,000
1,000
1,000

1874

100
100 Ac.

1870
1870
1870
1870

....

100 Ac.

1,000
....

400,000

1,000

....

100
100

6

700,000

440,000
600,000
358,000
1,900,000
1,200,000
1,900,000
1,200,000

c

375,000

2,300,000
2,408,400

J.
J.
F.
J.
M.
F.

by

Stocks—Last
Dividend

A D. N.Y., Met antile Tr.Co.
A J. N.Y.,by N Y L.E.AW.Co
A A. N. Y., Union Trust Co.
New Yor
& I).
N. Y., GallatiuBank.
A N.
do
do
A A.
do
do
A D.
A J. N. Y., Corn Exch. Bank.
A J. N. Y., Farm. I«. A T. Co.
do
do
A S.
do
do
A D.
do
do
A J.
do
do
A O.
.

7

748,000

1,500,000

1878

6 g-

$500,000

$1,0C0

pal,When Due.

June 1, 1912
Jan 1, 1884
Feb. 1, 1921

Dec.

Various.

....

2hj
10
3
7
7
7
5
7
7
0
5
6
10
6
8

J.
J.
J.
M.
J.
J.
A.
J.
M.
F.
J.
J.
J.
M.

0g.
7
7
7
7
7

\.
M.

L
J.
J.
J.
J.

....

1882

Jan. 1,1900

July 15,1875
Sept. 1, 1910
Dec. 1, 1891
Jan. 1, 1892

July 1. 1922
1932

-

Jan'ry

1, 1922

May ], 1888
l, 1924

Feb.

A J. N. Y„ Farm. L. A T. Co.
A N. Bost., Bk. of Rcdempt’n
do
do
A A.
A J. London and New York.
A J. N. Y. Central Pac. RK.
do
do
A J.
A N. New York, Otli Nat. Bk.
A O. Bost., Am. L. A Tr. Co.
New York.
A S.
New York.
A J.
do
A J.
do
A J.
do
A J.
do
A J.

July, 1901
Nov. 1, 1902
1898
Jan. 1, 1912
1875
1907

May 1, 1902
Oct. 1, 1910
1894
Jan. 1, 1915
Jan. 1, 1915
Jan. 1, 1915
Jan. 1, 1915
Jail. 1, 1910

'
»

.

•

....

.

7

....

N. Y.,

87 Wall at

May 1, 1883

-

.

$603,553 Virginia

Midland

6 per

cent

Ace.

Incomes,

$315,000

stock and interest on bonds. The Niagara Falls Br.
188.1, at 7 per cent on its stock of $250,000.
The company was in default on «oupoits of the

on

road was leased

Nort'*eastern of Georgia general mortg., $1,305,825 Georgia Pacific
2d incomes, and $3 5 1,»0!» blue Ridge UK. and miscellaneous county

Nov. 1,

Pecos.—Projected from Laredo, Texas, to Brazos
Completed from Laredo on Rio Grande River, to
Santa Tomas, *z7 miles, to the company’s coal lands of 20,000 acres.
Mortgage issued at $10,000 per mile single. or $20,ooO net* mile of three
rail track. A. C. Hunt. President,Laredo, Texas. (V. 37, p. 501.)
Rochester Sc Gencssee Valley.—Owns from Avon to Rochester.
N. Y., 18 miles. This road was leased July 1, 1871, in perpetuity, to
Erie Railway, and now operated by New York Lake Erie A Western.
Rental, $34,012. James Brockett. President, Rochester, N. Y.
Rochester Ac Pittsburg:.—(See Map.)— Owns from Rochester, N
Y., southward tc Puiixutawm y in Pa., 204 miles (except 30 miles of this
leased); and Buffalo Branch from Ashford June, to Buffalo, 44 miles;
total, 248 miles. Leased, 40 miles. Total operated, 294 miles. Formei ly
Rochester
A
State Line, which
road was sold and purchased
by Walston H. Brown, of New York, and was reorganized as the Roches¬
ter & Pittsburg.
In Nov., 1881, an important consolidation was
made.
(See V. 33. p. 623.) In Dec., 18S2, the new consolidated mort.
was issued in place of old income bonds and for other purposes, and
to Dec., 1883, $1,308,000 of the incomes, out of $1,870,000, had been
exchanged. The capital stock was increased in 1882, to $20,000.
000, which increase was thus commented upon in the annual report:
“Since the close of the fiscal year—i. e., October 5, 1882—the stock
holders app oved of the increase of the capital stock of the company to
$20,000,000, divided into 200,000 shares of $100 each. The object o'
this increase was to purchase and cancel the intended issue of $3,200,
009 of the income bonds of the Buffalo A Pittsburg division, and l'oi
the purchase of tiie entie capital stock of the Perry Railroad Co. and

income bonds for the assessment.
In June 1883 the control was changed, and Delaware Lackawanna A
Western management ceased. A serious accident in the summer of
occasioned a loss to the company.
Expenses were reduced by the new

and

township bonds, ami $30,000 sub-eriptions. In Jan., 1883, the above
secured by a deposit of slocks and
trust notes were issued at 90,
bonds as collateral. (V. 30, p. 50. 109; V. 37, p» 717.)
Rio Grande A;

Santiago, 251 miles.

Brockwayville A Punxsutawncy Railroad Company, and also to
purchase the entire capital sto le of the Rochester A Pittsburg Coat A
Iron Company.
Tins latter corporation owns the most desirable coal
fields in Jefferson County, l‘a., has $300 000 cash working capital,*►and
no bonded or floating debt.
The $-1,000,000 of capital stork of the
Rochester A Pittsburg Coal A Iron Co. which our company now owns
uud holds in its treasury as an asset, is a most valuable acquisition, as
it renders our company a.ways sure of having a large coal tonnage
at good paying rates.”
In December, 1883, a new second mortgage to
rank next after the consolidated was authorized for $ 1,900,000, of which
enough will be reserve d to retire the previous 2d mortgage of 8000,(X) ',
and $2,(.00,000 were offered to stockholders of record December 1, 1883,
the

See the report.
After the opening of the line through to Punxutawney and the Buffalo
Branch in 1883 the earnings increased largely, its reported weekly in
the Chronicle. The annual report in V. 3s, p. 29. showed for the year
at .>75.

ending Sept 30, 1883, gross earnings, $543,039 ;op?rating expenses,

t422,i32; showing an increase for earnings $237,050 gross and $_’(>,Gross ls83 of in 1882, $3ob,9-S; net,
101,5*0, net, $121,007.
027 net.

equal to the net
charges against the net earnings in the

Fixed charges and taxes for 1883 are about

earnings. The following were
fiscal year 1882-83:
Interest on bonds
Interest on car trust
Interest on balances
Paid on account of Rasselas accident
Taxes

$89,300
11,0 3
10,155
40,00u

21,000

$172,099

Total

$50,491
Up to the time of the strike of the miners, which began late in Septem¬
ber, the company earned about 130 coal cars per day. Earnings for
Showing a total deficit of

1883 are on about 125 miles of road—1088? miles of the Rochester A
Salamanca and 108> miles of the Buffalo A Pittsburg. On August 1 the
division from Bradford to Dubois was turned over to the companjf, and

September 15 the line from Ashford Junction to Buffalo and l)u Bois to
Punxsutawney. (V. 30. p. 28. 109, 591, 075; V. 37, p, 207, 295; V. 37,
p. 534, 535, 595; V. 38, p. 29.)
Rock Island 6c Peoria.—Owns from Rock Island, HI., to Peoria,
Ill., 91 miles. This was the Peoria A Rock Island, which was sold in
foreclosure of the first mortgage April 4, 1877, the bondholders becom¬
ing the purchasers. Capital stock, $1,500,000. Gross earnings, 1882.
$405,203; net earnings, $04.91.8 out of which a 5 per cent dividend
was
-

paid

on

the stock

Ac Ogdensburg. — Owns from Rome to
Ogdensburg, 141 miles; branches: To Cape Vincent. 24 miles; to PoGdam, 24miles; Oswego to Lewiston. 140 nriles; Sandy Creek to Syracuse,
45 miles; leased Oswego A Rome RR.,29 miles; Niagara Falls Br. RR.,8
miles ; total owned, leased and operated, 417 miles. It was a consolida¬
tion Oct., 1801, of the Watert’n A Rome and the. Potsdam A Watertown
raJ.roads. The Lake Ontario Shore Railroad was foreclosed Sept. 22.
1874, and transferred to this company January 15, 1875. The Syracuse
Northern was foreclosed, and purchased by this company August 1,
1875. The Oswego A Rome was leased January 1, I860, ai 8 per cent
Rome




Watertown

consol, bonds after
liens to stand, gave for the consolidated mortgage new bonds, bearing 5 per cent; also funded the 33*4
per cent overdue interest (to July, 1882.) into 7 per cent income bonds;
also assessed 10 per cent cash on stock to pay floating debt, and gave
April 1, 1878, and allowing the prior

1883d

management.

.

months from Sept. 30. 18*3. gross earnings wore $456,154,
against $459,912 in 1882 ; net. $108,20 , against $130,472. Operations
and earnings for three years past were: *
Years.
Miles. Pass’rmile. Fr’lit(ton)mile. Gross earn. Net earn.
43,538,148 $L,407,894 $487,738
10,402,043
409
17,417,353
1,510,442
284,088
409
45,887,851
417
19,223,584
54,470,111
1.814*495
401.581
-(V. 35, p. 538; V. 36, p. 82, 180, 652; V. 37, p. 207, 535; V. 38, p 149.)
For three

Rutland.—Owns from Bellow’s Falls, Vt., to

Burlington, Vt., 12q

This road has been through many changes. It was leased to
miles.
the Central Vermont m December,* 1870, for 20 years, but the
lessee became insolvent, ami finally a modification or the lease was

made, giving $250,000 per year as a minimum rental aud $8,000 for
organization expenses. The bondholders agreed to accept 5 per cent
bonds in exchange for equipments and 0 percent bonds in lieu of 8
per cents. The 5 percent 2ds arc a first mortgage on rolling stock and
personal property. The common stock is $2,480,000 and preferred
$4,000,000.
One dollar per share paid on preferred stock August,
1882.
(V. 35, p. 124; V. 30, p. 170 ; V. 37, p. 127.)
Sabine Pass Ac Texas North*—Line
Sabine Bass, Gulf of Mexico. 218 miles.
Stock. $4,000,000. R. II. Parks, President,

of road, Marshall. Tex., to

Road under construction.
New York.
Sacramento Ac Placerville.—Owns from Sacramento, Cal., to
Shingle Springs, Cal., 48 miles. Tnis was a consolidation of tiie Sacra¬
mento Valley and the Folsom A Placerville railroads, April 19, 1877.
Capital stock. $1,756,000. Gross earnings. 1881, $85,797 ; net. $35,534;
cross. 1882, $ f0,531; not. $11,100; deficit after payment of interest,
$13,283. Lelaud Stanford, Pres dent, San Francisco.
Saginaw Valley Ac St. Louis.—Owns from Saginaw to St. Louis,
Midi., 39 miles. Opened January, 1873. Has a traffic guarantee from
In 1832, gross‘earnings
Michigan Central. Capital stock, $204,804.
were $109,328;
net $35,225. Interest payments, Ac., $35,080. In
July, 1879, management was transferred to the Detroit Lansing &
Northern.

St. Jolinsbury

A: .Lake Champlain.—Owns from Lunenburg,
120 miles. Tins was the Portland A Ogdens*

Vt., to Maquam Bay,

reorganized under this title in 1S80.
stock, $2,550,000. Net earnings,
1881-82, income, $242,002 gross and $43,160-

burg, Vermont Division, and was

Preferred stock, $1,298,500; common

1880-1, $51,067. In
(V. 35, p. 182, 264.)
St. Joseph Ac St. Louis.—St. Joseph, Mo., to No. Lexington, Mo.,
70 miles. Present company is successor to the St. Louis A St. Joseph
Railroad, sold in foreclosure February 8, 1874. The St. Louis Kansas
City A Northern took a lease of the road for 99 years July 1, 1874.
The terms of the lease are an annual payment of 30 per cent of gross
earnings, but $25,000 guaranteed. Stock, $100,000.
St. Joseph A: Western.—Line of Road—East Division—West St.

year
net.

Joseph, Kan., to Marysville, Kan, 112 miles; West
ville, Kan., to Hastings, Neb., 115 miles; Hastings
road, 25 miles ; total, 252 miles.
This

is

a

Division—Marys¬
A Grand Island

City
sold
two
organized, the St. Joseph A Pacific

reorganization of the former St. Joseph A Denver

road, which went into the hands of a Receiver in 1874 and was
On the foreclosure of the
in foreclosure in November, 1875.
divisions two companies were
and the Kansas A Nebraska,
consolidated as St. Joseph A

with bonds as above. These were
Western, the stock is $4,100,000^
have no lien on lands, as the lana

par $100. The present bonds
grant of 300.000 acres was put in hands of trustees for the benefit
holders of the old land scrip of $2,250,000. The road is controlled by
the Union Pacific and the coupons on bonds are not paid. The U. P.
holds $1,530,200 of the st#ek of $1,100,000 and $1,303,309 St.
Pacific 1st mortgage and $1,114,001 Kansas A Nebraska 1st mortgage.
In 1882 net earnii gs reported as $11,051, against $34,263 in 1881.
Jan.. 1884, foreclosure suit was begun on the first mortgage.
(V.
p. 212 ; V. 30, p. 501, 075, 705 ; V.3,, p. 151, 595; V. 38, p.
St. Louis Alton Ac Terre Haute.—Owns from Terre Haute,

of the

Joseph A
In
35,
o2. 80.)

Ind., to East St. Louis, 189 miles; branches, 19 miles; leased lines—
Belleville A Southern Ill. RR., 50miles; Belleville A Eldorado road, from
Du Quoin to Eldorado, 50 miles; total, 314 miles.
This company
was

a

Haute Alton
this
line
L. Alton
A St.
jointly. Under
is all

reorganization, February 18. 1801, of the Terre

A St. Louis Railroad. The Belleville A Southern Illinois is leased to
company for 999 years from Oct. 1, 1800. The main
(St.
A Terre Haute) was leased Nov. 1, 1832, to the new Indianapolis
Louis Railway and the Cl eve. Col. Cinn. A Indianapolis
this new lease the relit guaranteed is $450,00O, and that amount

BAOSTNODCSK.

RAILOD




r*

RAILROAD STOCKS

Subscribers will confer

a

BONDS

[VOL. xxxviu.

great favor by giving immediate notice of any error discovered in tliese Tables.

DESCRIPTION.
Miles Date 8ize, or
For explanation of column headings, Ac., see notes
of
of
Par
on first page of tables.
Road. Bonds Value.
St. Louis Alton dk Terre Haute—(Continued)—
.1st mortgage (series A) sinking fund..

1st mortgage (series B) sinking fund..

2d mortgage, preferred
2d mortgage, preferred
2d mortgage, income

AND

(series C)
(series D)

Equipment mortgage

% o’0

3

Cm c3 co JH

§af1
S ©

Income bonds, not cumulative
St. Louis dk Cairo—1st M., income (not cumulative)
St. Louis Ft. Scott <0 Wichita—1st M. ($15,000 p. m.)
St. L. Han.dk A".—1st M conv. till ’87 ($12,000 p.m.)
St. Louis Keokuk dkN.W.~ Stock($l,350,000 is pref.)
1st mortgage, gold
Income bonds
St. Louis Salem dk Little Rock— 1st mortgage
St. Louis <£ San Francisco.—Stock, common
.

Preferred, 7 per cent, not cumulative
1st preferred-, 7 per cent, not cumulative
1st mortgage (South Pacific), gold, (land grant)...
2d mortgage bonds, A
do
do
B, gold
do
do
C, gold
Equipment mortgage, gold
Mortgage on Mo. & Western RR., gold

2d mort., sink, fund ($1,600,000 guar.)

s.

Outstanding

Rate per

Cent..

When

Where

Payable

Payable, and by

Bonds—Princi¬
pal,^When Due.

Stocks—Last

Whom.

Dividend.
•

207
207
207
207
....

O

Trust bonds
St. Louis Wichita A Western
Gen. mort., gold, coup, or reg
Si. Louis Yandalia d; Terre Haute—1st M.

INTEREST OR DIVIDENDS.
Amount

f. guar

....

....

144
160
85

184
135
135
.

.

-

.

725

1864
1864

$1,000

1864
1864
1864
1870
1881
1881
1880
1877

1,000
1,000

1876
1876
1872

....

....

1868
1876
1876
1876
1880
1879
1880
1879
1881
1867

84
100
145
All
158
158

500 Ac.

1,000

300,000

1,000
1,000
1,000

1,000,000
10,500,000
10,000,000

....

1868

J.
A.
F.
M.
M.

Ac.

Ac.

2,400.000
841.000

1,100,000
1,350,000
2,000,000
4,000,000
1,899,000

....

1,000
1,000
1,000

2,600,000

4

*

N.Y., Union Trust Co.

1, 1906
1, 1906

April 1, 1902

....

6
6
6
6
7
6
6
6
6
7
7

1,000
1,000

Jan.
Jan.

A J.
A J.
A. A O.

3^

1,000

1894
1894
1894
1894
1894
1880
Jan. 1, 1894
1921
Oct, 1, 1910
Oct. 1, 1917

J.
J.

....

7,144,500
500,000
2,766.500

Ac.
Ac.

A
A
A
A
A

-

J. N. Y. Office, 37 WaU St.
O.
do
do
A.
do
do
N.
do
do
N.
do
do
M.’A S.
do
do
June 1
do
do
A. A O. New York or London.
A. A O. New Y'ork, Moran Bros.
A. A O. N. Y., Nat. City Bank.

7 g.
7
7

4,500,000

....

500
100
500
500

7
7
7
7
7
10
6
5 g.
7
7

1,357,000
2,600,000
2,108,000
916,931
2,700,000
1,620,000
1,080,000

....

1,000
1,000
100 Ac.

....

293
293
293
233
....

500 Ac.

$1,100,000
1,100,000
1,400,000
1,400,000
1,700,000

F. A A. N. Y\, Company’s Office. Feb. 1, 1884
J. A J.
do
do
July, 1888
M. A N.
do
do Nov. 1. 1906
M. A N.
do
do
Nov. 1, 1906
M. A N.
do
do
Nov. 1. 1906
J. A I).
do
do
June 1, 1895
F. A A.
do
do
Aug. 1. 1919
F. A A. N. Y., U. S. Trust Co.
1920
M. A S. N.Y., Company’s Office.
1919
J. A J.
do
do
1 July 1. 1931
J. A J. N. Y., Third Nat. Bank.
Jan. 1. 1897
M. A N.
do
do
May 1, 1898

g.

g.

g.
g.
g.

g.

g.
•

•

that is to be paid unless the gross earnings exceed $1,750,000 in any
year ending Oct. 31, and then 20 per cent is to be paid of the excess of
gross earnings over $1,750,000.
This company, in July, 1882, obtained a decision in its favor .against
the two solvent lessee companies for $221,624 against each. An appeal
to the United States Supreme Court is pending. The Belleville Branch
and Extension are operated separately by this company, and earned
net in 1881, $159,907; in 1882, $238,93o.
The Belleville & Eldorado
"was leased for 985 years from July 1, 1880, at a rental of 30 per
cent on
the gross earnings, but $15,400 per year guar.
Of the first mortg. bonds $036,000 are held in sinking fund ; of the

equipment bonds $246,000 are owned by the company.
ferred stock has a prior right to a cumulative dividend of

The pre¬
7 per cent
before an}’ is declared on common. It is also convertible into com
mon at par; but shall not receive any dividend as common stock for the
time it was held as preferred. In January, 1881, the company declared
3 per cent in cash on the preferred stock and afterward settled the re
maining 55 per cent of accumulated dividends by the issue of income
bonds, and has since paid the 7 per cent (V. 34, p. 461, 572 ; Y. 35, p.
79, 162,297, 405, 658, 737; V. 36, p. 533,561.)
St. Louis A: Cairo.—This road (3ft. gauge) extends from Cairo to
East St. Louis, 152 miles. The former Cairo A St. Louis made default
April 1, 1874, and

sold in foreclosure July, 1881, and bought in, in
Stock is $6,500,000, and 5 per cent interest
was paid April 1,1883, on the bonds.
Earnings for the year 1881,
$424,480; net, $64,620; for 1882, gross earnings, $382,297; net,
$145,016. (V. 36, p. 427, 589; V. 37, p. 445.)
was

behalf of bondholders.

St. Louis Fort Scott Sc AVicliIta.—From Fort Scott to Wichita,
Kan., 160 miles, completed July, 1883. Moran Brothers of New York
and other capitalists, largely interested. (V. 35, p. 265; V. 37, p. 659.)
St. Louis Hannibal Sc Keokuk.—Owns from Hannibal, Mo.,
to Gilmore, on Wabash St. Louis & Pacific, 85 miles. In 1883
acquired
control of Forest Park A Central Road, for entrance to St. Louis. Stock,

81,651; net, $31,070. W. W.
t1,636,000. Earnings for 1881,Walker, President, Hannibal, Mo.gross,
$34,094; net, $5,040. In 1882 On
8,1884, E. J. Case, of
Ill.,
Feb.
V. 38, p. 178.

St. fjouis

(V. 35.

p.

was appoined receiver.
Peoria,
161; V. 36. p. 427; V. 38, p. 173.)

See

Keokuk Sc Northwestern.—Owns from Keokuk,
la., to;St. Peters, 135 miles; leased Keokuk to Mt. Pleasant, 49 miles;
total operated, 184 miles. The Miss. Val. A Western RR. was sold
April

Stocks and Bonds.—The first preferred stock has prior right to 7
per
cent.(non-cumulativo) ; then prer. entitled to 7 percent; then common
entitled to 7; then all classes share in any surplus.
The 1st pref.
also by the terms of a resolution of the board of directors
(ex¬
pressed in the certificates) had a precedence for income over any mort¬
gages made subsequent to the creation of said stocks.
Dividends have been paid on first preferred stock in 1881 and since
at 7 per cent per annum.
The range of the stocks yearly since 1877 has been > First preferred
in
1878 (4 months), 5L>®113±; in 1879, O^aVS1^; in 1880,
60®100; in
1881. 90o>115L2; in 1882, 7934® 106^; in 1883, 875)100^; in 1884

to Feb. 16, 84L}'«/90.
Second preferred in

1878,
in 1879. 4*8®(>012: in 1880, 33®
65; in 1881, 55©81;,4; in 1882, 43@6o1s; in 1883, 40®59Lj; in 1684

to Feb. 16. 37*2-®42.
Common in 1878 (3 months;,

Id 1879,
in 1880, 25*4
®48; in 1881, 39®55; in 1882, 31®4678; in 1883, 20^&36i±; iul8S4
to Feb. 16, 20® 22 bj.
The interest on bonds “B” and “C” was 5 till 1884 and 6 after¬
ward. The trust bonds of 1880 are secured by deposit of 7
per cent
mortgage bonds of the St. Louis Arkansas A Texas RR. and Joplin RR.
The general mortgage of 1881 (supplemented by that of June,

1832,

changing the rate, of interest to 6 per cent) for $30,000,000 is made to
the United States Trust Company as trustee, and $17,261,000 reserved
to take up all prior debt.
Lands.—The South Pacific Railroad had a grant of lands by act of

Congress June 10, 1852, of 1,161,205 acres.' The Atlantic A Pacific

received about 507,000 acres of land.
The South Pacific lands
showed 405,741 acres on hand January 1,1883. Atlantic A Pacific lands
showed 80,479 acres on hand at same date, and for these lands
(A. A P.) the second mortgage bonds, class B, are receivable in pay¬
ment. The land department assets are estimated as follow s:
1880.
1881.
1882.
Lands
Town lots
Contracts
Cash balance

$2,036,312
50,240

Less land deb. bonds

14, 1875, and this company organized July 1, 1875.

Road completed in
autumn of 1879.
Income bonds .above were originally a part of
$2,750,000 first mortgage bonds, but by agreement "they were changed
into their present form. Gross earnings year 1882 $411,494 ;
operating
expenses, $412,988; deficit, $1,494. W. W. Baldwin, President, Burling¬

$1,749,455
44,720
545,925
177,409

$891,962
95,050
563,307
469,052

$2,767,636
118,000

$2,517,509

$2,019,371

$2,649,636

$2,517,509

$2,019,371

-

637.702

43,982

outstanding

Value of assets

Operations, Finances, Ac.—The St. Louis A San Francisco has been
one of the successful reorganized railroads of the Southwest, and has
made good progress in traffic, and income, without very heavily increas¬
ton, la.
ing its annual interest charges. The relations with the present Atlantic
St. Louis Salem Sc Little Ilock. — Owns from Cuba, Mo., A Pacific Co. are somew’hat
complicated, but the actual obligations of
to Salem, Mo., 42 miles, and branches, 13 miles; also 17 miles of branches that
company for interest on its mortgage bonds is provided for by a
controlled; total operated. 72 miles. Reaches St. Louis by St. L. A San joint traffic guarantee.
F. RR. Stock is $1,000,000. Earnings for 1881 on 52 miles were
The St. Louis A San Francisco annual report for 1882 (Chronicle, Y.
$170,
575 ; net. $107,115. In 1882, on 5i miles, $160,018 net, $102,057. A. 36,
p. 310) had the following:
L. Crawford, President, Newcastle, Pa.
1880.
Operations—,
1881.
1882.

St. Louis Sc San Francisco.—Line of Road—This considerable
system of railroads, forming part of a through route to the Pacific coast,
requires a map to show it well. The main line is from St Louis, Mo.,
to Seneca, 329 miles; branches—Granby branch, 1^
miles; Orongo,
Mo., to Joplin, 10 *2 miles; Girard to Galena, Kan., 47 miles; Carbon
Branch, 3 miles; Peirce City to Wichita, Kan., 218 miles; Plymouth.
Mo., to Fore Smith Ark., 132^ miles; Springlield to Chadwick." Mo., 35
miles; total operated. 772 miles. The eastern terminus was at Pacific.
Mo., till December. 1883, and from there to St. Louis, 37 miles, the

tracks of the Missouri Pacific were used. The tracks of the Atchison
Topeka A Santa Fe are also used from Wichita to Halstead, Kansas. 25
miles. This company also operates the finished portion of the Atlantic A
Pacific road. Central Division, from Seneca,
Mo., to Red Fork in the
Indian Territory, 102 miles.
Organization. Ac.—This company was organized Sept. 20, 1876, as
successor to the Atlantic A Pacific in Mo. The latter embraced the South
Pacific RR. (originally the Southwest Branch of the Pacific RR. of
Mo.,
chartered Dec. 25, 1852), which was consolidated with the Atlantic A
Pacific road Oct. 25. 1870.
The Atlantic A Pacific was chartered by act of Congress
July 27, I860,
and was auiliorized to construct a road on the 35tli parallel to the Pacific
Ocean. The Atlantic A Pacific leased the Pacific of Missouri
July, 1872,
but failed to pay the rental in 1S75 and also defaulted on its bonds, and
a receiver was appointed November. 1875.
The Atlantic A Pacific road
and lands were sold in foreclosure Sept. 8. 1876, and the St. Louis A
San Francisco became possessor of the
property.
On January 31, ls80, an agreement was entered into with the
Atchison Topeka A Santa Fe for construction of a
through line to the
Pacific coast on the parallel from Albuquerque to San Francisco.
The
road was to cost $25,000,000, and to be built under the old charter
of the Atlantic A Pacific Railway.
Three trustees—John A. Stewart,
of t no U. S. Trust Company, Warren
Sawyer and H. P. Kidder, of Boston
—were

appointed to hold the stock in trust.

The voting power was to be

vested in six directors of each road. In
January, 1882, a large in
terest in the stock of the St. Louis A San Francisco was
acquired by
C. P. Huntington and Jay Gould, and the projected plans for extehpionof the A. A 1*. were modi Bed and the road was built to the Colorado
River to a junction w’ith the Southern Pacific,




Miles operated
Pasengers carried
Passenger mileage

59S

Rate per passenger per

Freight (tons) moved
Freight (tons) mileage.

Average rate per ton
Earnings—
Passenger

661

725

184,744
11,886.882

293,228
18,529,' 40

348,811

20,148,500

3*57 cts.

3 59 cts.

3-68 cts.

mile.

per

636.686

683,514
753,573
109.178,009 123,867,774 137,334,335
mile

1-99 cts.

1-93 cts.

1*89 cts.

$

$

424,102
2,180,333
93,936

665,331
2,342.010
152,582

2,648,383
182,469

Total gross earnings
Total operating expenses

2.698,371
1,506,169

3,160,523
1,617,966

1,625,781

earnings

1,192,202

1,542,557

1,946,459

Freight
Mail, express, Ac

Net

741,388

3,572,240

INCOME ACCOUNT.

1880.

Receipts—
Net earnings
Other receipts

■$

1,192,202
25,598

p.

18, 197, 301, 310, 445

56,857

1,593,205

2.003,316

705,950
101,254

821,492

1,071,815

157.500

109,865
315,003

315.000

105,022

Total disbursements

Lonis

1,946.459

1,217,800

162,573

63,913

1,069,726

Balance, surplus
St.

$

$
1,542,557
50,648
'

Total net income
Disbursements—
interest on debt and sinking fund
int. accrued, not due, to Dec. 31.
Dividends
Miscellaneous

—(V. 36,

1882.

1881.
-

148,074
;

Y. 37, p.

49,026

1,499,754
1,408,932
184,273
503,562
480; Y. 38, p. 31.)

Vandalia Sc Terre Haute.-Owus from East St.
Louis to Indiana State line, 158 miles. Road opened July 1, 1870.
It is leased to the Terre Haute A Indianapolis Railroad at a rental

February,

RAILKOAD

1884.]

STOCKS

BONDS.

AND

73

Subscribers will confer a great favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.

on

1879-20

first page

Miles
Date
of
of
Road. Bonds

of tables.

St. Paul <& Duluth— Preferred 7 per cent
Common stock
1st mort. bonds, coup, or reg
$1. Paul Minneapolis <t Manitooa—Stock

182
182
169

stock

1,312

76
road from St. Paul to Watab —
656
land grant sinking fund, gold
656
gold
413
Dak. Ext., 1st mort., gold ($12,000 per mile)
Consoi mort., gold (for $50,000,000). coup, or reg. 1,394
Minneapolis Un. RR.. 1st mort., gold, guar
152
gt. Paul & Northern Pacific.—1st M.. g., cp.or reg..

2d M., and 3 st on
1st mort.
2d mort..

Western RR., Minn., 1st mortgage
do
land mortgage

Sandusky Mansfield d Newark— Re-brgauized stocu
1st mortgage, new

Francisco d North Pacific—Stock
Savannah Florida d West.—Consolidated 1st mort.
South Georgia & Florida, 1st mortgage

San

do

do

2d mortgage

Savannah GrijfindN.Ala — 1st mortgage
Schenectady & Duanesburg— 1st M., guar. D. A H .
Schuylkill 'Valley—Stock
Scioto Valley— 1st mort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per year)
Consol, mortgage
General consol, mortgage (for $7,500,000)

Equipment bonds
Seaboard d Roanoke—Stock
Shamokin Sunbury & Lcicisburg—1st mort.. coup.

....

....

116
116
93
286
58
58
60

14*2
19

98
98
124
•

•

•

or
Par

$....

1862
1879
1879
1880
18S3
1882
1883
1877
1881

80
31

When

Cent.

Payable

$5,036,767
4,055,407

1,000

3^

1,000,000

100

....

20,000,000
366,000
5,750,000

1,000
100 Ac.

1,000
1,000
1,000
1,000
1,000
1,000

J.

ggg-

g-

5 «•
6 g7
6
2

140,000

do
do
J.
J. New York and London,
do
O.
do
N.
N. Y., G3 William St.
do
do
J.
J.
do •
do
A. N.Y., Winslow, L. & r0m
N.
do
do
N.
do
do
IstN. Bk., Sandusky, O.
& J. N. Y.. Union Trust Co.

&
A
&
&
A
&
F. A
M. &
M. A

J.
J.
A.
M.
J.
J.

7

■I.

....

7'

464,000

7
7
7
6

J. '&
M. A
M. A
A
A
A
&
&
A
M. &
M. &
M. &
M. A’

1S76
1879
1880

1,000
1,000

....

...

....

100

.5

1882

1,000

200,000
500,000
500,000
576,050

2^

1,294,000
283,000
553,000
803,000

1, 1884

Aug. 1, 1931

....

....

Feb.

Feb. 1, 1884
1892
1909

1,074,832

100 Ac.
50
500 Ac.

Dividend.

New York.

2,300,000
3.750,000
1,780,500

1,000
1,000
1,000

Stocks— Last

N.Y., J.S.Kennedy&Co.

50

500 Ac.

Whom.

Q.-F.

1,000

1867
1869
1869
1871
1874

Payable, and by

& J. N. Y., Fourth Nat. Bk.

1869

....

Where

F. & A.

8,000,000
5,676,000
11,976,000
1,500,000
5,000,000
500,000

1,000

pal, When Due

Rate per

Outstanding

Value.

•

....

Amount

....

1881

Bond*—Princi

INTEREST OR DIVIDENDS

Size,

j

96.000

1,302,800

1,000,000 I

7
7
7
6
7
5

J.
N.
N.
J.
8.
J.
J.
O.
J.
S.
N.
N.
N.

New York, II. B Plant.
do
do

Oct.

1, 1909
1, 1910
July l, 1933
July 1, 1922
Feb. 1, 19 '3
May 3, 1907
May 3, 1896
Feb. 1, 1883
July. 1902
Nov.

July, 1897
May 1, 1899

Savannah, Cent. RR.Bk

May 1. 1899
July 1, 1891

Del. A Hud. Canal Co.

Sent. 1, 1924

Philadelphia, Office.
N.Y.,Adams A McHarg.

Jail. 15, 1884

do
do

do
do

Jan.

1, 1896

April 1, 1894
July 1. 1910

'

Balt.,Farm.A Plant.Bk.
Pliila.. Phil. A Read.RR.

Nov.

1, 1883
May 1, 1912

.

of 30 per cent of gross earnings. For the year ending October 33, 1883,
the net income was $510,288, and the year’s charges against this sum
were $357,910; leaving a surplus for the fiscal year of $152,375, which

1879-S0.
Dish a rsem en ts—
Interest-oil debt

Dividends

$
947,227

1880-81.

$
1,109,951

1881-82.

$
1,188,091
975,000
702,864
157,812

1S82-S3.

$
1.264,279

1,724,664
applied to the extent of $25,080 i t the payment of suspended
597,672
S13/J45
the rears 1873-4-5. Loss to lessee in 1879-80, $19,822 ; in Sinking fund
223,832
35,288
1880-81, $281,080; m 1881-82, $70,272; in 1882-83, $115,399.
The Miscellaneous
annual report for 1882-83 was published in the Chronicle, V. 38, p.
Total disbursements
176. The first mortgage and $1,000,000 of second mortgage bonds
1,580,194 1,333.783 3,023.767 3,S02,888
555,790
are
732,466
985,085 1,656,631
guaranteed by the lessees and also by the Pittsburg Cin¬ Balance, surplus
-(V. 35, p. 23, 79,237, 264. 374, 677, 706. 707, 737; V. 36, p. 427, 511,
cinnati A St. Louis Railroad and the Cal. Chicago A Ind. Central Co.
The stock is $2,383,010 common and $1,544,700 preferred. The pre- 643. 675, 73 i ; V. 37, p. 100, 152, 309, 320 ; V. 38, p. 60.)
lerred was issued for income bonds ($1,000,000) and for deficiencies
St. Paul& Northern Pacific.—This coiupauvwas incorporated in
made up by the lessees.
Thos. D. Messier, President, Pittsburg, Pa. 1874 as the Western RR. Co. of Minnesota, and lias been in operation
Operations and earnings for four years past wrere as follows:
since 1877 from Braiuerd, 60*2 miles, to Sauk Rapids. In 1883 it was
Net
Passenger
Freight (ton)
Gross
put under construction, 92 mile*, from Sauk Rapids to the city of Minne¬
Earninars,
Years.
Miles.
Mileage.
Mileage.
Earnings.
apolis. The terminal property comprises twenty acres : t Minneapolis
..158
17,309,919
$140,018 and 380 acres at St. Paul. The land grant of the company, amounting to
90,544,226 $1,552,801
188.574 about
..158
19,161,449
107,089,535
1,565,515
244,000 acres, is located along the line of road between Braiuerd
408,560 and Sauk
158
18,311,812
1,590,126
115,982,845
Rapids. The road, with its terminal property, is leased for
3882-83
158
442,218 999 years to the Northern Paeitlc Railroad Company. The contract pro¬
18,585,282
111,810,481
1,700,954
-(V. 36, p. 79; V. 38, p. .62, 1 76.)
vides that the Northern Pacific shall pay a net rental equal to 40 p. c. of
the gro-s receipts, which it guarantees shall never be less than the
St. Paul Sc Duluth.—Line of Road.—St. Paul, Minn., to Duluth
Minn., 156 miles; Dranch to Knife Falls, 6 miles; leased; Stillwater A interest upon the bonds. The first mortgage is for $10,000,000, and
St. Paul RR., 13 milesMinneapolis A Duluth RR., 12 miles; Taylor’s the registered interest is payable quarterly—Feb., May. Aug. and Nov.;
Falls A Lake Superior, 20 miles; total. 208 miles. Between Northern enough of this mortgage is reserved to retire The western Minnesota
Pacific Junction and Duluth, 24 miles, the road is owned jointly with bonds. The stock of $800,800 ($10,000,000 authorized) is all held in
trust 1)}’ the Farmers’ Loan A Trust Co.
the Northern Pacific.
Three per cent dividend paid
This was the Lake Superior A Mississippi RR., opened August 1, Jan. 1884.
1870, and leased to the Northern Pacific. Default was made Jail. 1,1875,
Sandusky Mansfield Sc Newark.—Owns from Sandusky, O.. to
and road sold in foreclosure May 1, 1877, and this company organized Newark, O., 116 miles.
A consolidation of several roads in 1856.
June 27. The preferred stock is received inpayment for lands at par.
Leased Feb. 13,1869, to Central Ohio Railroad, guaranteed by Baltimore
Three shares of common stock have one vote and each share of pre¬ A Ohio, and new lease made February 23, 1880, extending to December
ferred has one vote. Preferred stock has a prior right to 7 per cent from
1,1926, with option to the Balt. A Ohio Company to renew for terms
“income from all sources, including land sales;” then common to re¬ of 20 years each. Rental is $194,350 yearly till 1884; then $199,350
ceive 6 per cent; then remainder of income to he applied to purchase of for 1884 and 1885; then $201,850 annually. It is operated as Lake
Erie division of the Baltimore A Ohio system.
preferred stock.
In 1879-80 gross earn¬
The net income from 1878 having been spent on improvements, it ings $847,221: net, $208,853; iu 1880-81, gross, $899,751; net, $112,was determined to issue 10 per cent of new preferred stock to the pre¬
373; in 1881-82, gross, $940,769; net, $234,701.
ferred stockholders of record Nov. 1. 1881, payable Nov. 14, to repre¬
San Francisco A Nortli Pacific.—Owns from Donahue. Cal.,
sent the cash so spent m improvements. The company lias a land grant,
to Cloverdale, Cal., 56 miles; branches—from Fulton, Cal., to Guerneof which about 1,256,716 acres remained unsold Jan. 1, 1883.
In 1882 ville, Cal., 16 miles; and San Rafael to Petaluma, 21 miles; total
93 miles. This is a consolidation of several companies. Earnings were:
227,597; total uet income, $5o4,035. .-In 1883 the report in the Chron¬ In 1881, gross, $446,972; net, $206,220. In 1882, gross, $505,771;
icle, V. 38, p. 177, showed gross earnings $1,328,527 ; net income from net, $222,987.
railroad, $365,548, from lands, $220,238. total, $585,787; interest
Savannah Florida Sc Western.—Owns from Savannah, Ga., to
paid, $94,362; dividend on preferred stock, $3 0,731 ; balance, $140,693. (V. 35, p. 162, 204, 658; V. 36, p. 251, 425 ; V. 37, p. 152, 502; Chattahoochee, Fla., 258 miles; branches—Bainhridge Junction to Bainbridge, 8 miles; extension to Savannah wharves, 2 miles; Junction
Y. 38, p. 177.)
St. Paul Minneapolis Sc Manitoba.—Owns from St. Paul to Branch, 4 miles; Dupont to Live Oak, Fla., 48 miles; Live Oak to
Fergus Falls, 186 miles; Minneapolis to St. (loud, 63; St. Cloud Branford, 24 miles: Thomasville to Live Oak, 58 miles; total, 404
to Hinckley, 66; Sauk Centre to Browneville, 26; East Minneapolis to miles. Also from Way cross to Jacksonville, under separate organiza¬
Breckenridge, 205; Breckenridge to Portland, 101; Everest to May- tions, 75 milei. This was a consolidation iu 1865 of the Savannah
ville, 46; Ripon to Hope, 30; Morris to Brown’s Valley, 47; Fergus Albany A Gulf Railroad and the Atlantic A Gulf under the latter
Falls to St. Vincent, 204; Breckenridge to Grand Fork’s Junction, 127; name. The Atlantic A Gulf road was sold iu foreclosure of the second
Grand Forks to Boundary, 81; Crookslon to Devil’s Lake, 114 ; Fergus mortgage on November 4, 1879, subject to the consolidated mort¬
Falls to Pelican Rapids, 2L; Shirley to St. Hilaire, 21; total oper¬ gage and other prior liens amounting to about $2,705,000. The old
ated, 1,350 miles.
In April. 1883, purchased several branch roads sectional mortgages yet amount to about out $260,500. The present
of the Northern Pacific.
company has a capital stock of $2,331,800, which is held in very few
(See Chronicle, v. 36, p. 511.)
This company was organized May 23, 1879, under the charter bands and dividends are paid as earned. The earnings in 1883 were
of the St. Paul A Pacific. Railroad, ami embraced the St. Paul A Pacific $2,159,823 gross and $381,779 net. Til 1882 gross earnings, $1,675,Railroad, the First Division of the St. Paul A Pacific Railroad, the Red 817; net, $358,762. H. B. Plant. President, New York. (V. 36, p 559.)
Savannah Griffin Sc North Alabama.—Owns from Grirtln,
River Valley Railroad, and the Red River & Manitoba Railroad. The
company took 2,000,000, acres of land as successor to the rouds above Ga., to Carrollton, Ga., 63 miles. Operated iu connection with Central
named, which were foreclosed. The proceeds of land sales are reserved Railroad of Georgia. Capital stock, $1,010,900. In 1880-81 gross earn¬
by the first mortgage trustees as a sinking fund for the redemption of ings $79,113; net, $14,985; in 188.1-82 gross, $81,216; net, $8,130.
the bonds at or under 105 and interest, and in April, 1883, about -( V. 35, p. 574.)
Schenectady Sc Duanesburg.—From Quaker Street Junction,
$750,000 of bonds were called in, the interest to cease July 1, 1883.
The second mortgage bouds do not cover the land. The laud sales for , N. Y., to Schenectady, N. Y., 14 miles. Formerly Schenectady A Sus¬
year ending June 30, 18^3, were 104,245 Acres, for $587,387, and the f quehanna Railroad, and was foreclosed fei 1873 ; reorganized and leased
total cash receipts $901,281. The net amount due on land contracts in perpetuity to the Delaware A Hudson Canal Company. Lease rental,
$30,000 per year, paying 6 per cent on bonds. Stock, $100,500.
^as $1,158,356; lands unsold. 2,411,659 acres.
The Dakoto Extension bonds are issued at $12,000 per mile. The t
Schuylkill Valley.—Owns from Palo Alto to Reevesdale, Pa.,
consolidated mortgage bonds of 1883 were issued to stockholders of 11 miles; branches, 8; total, 19 miles. It is nfn old road, and was leased
May 1,1883, to the extent of one half their holdings on the payment to the Phila. A Reading RR. from Sept. 1, 1861, at an annual rental
of 10 per cent of the bonds in cash.
The authorized amount of con- : of 5 per cent on the stock. Operations are included in the Philadelphia
solidated mortgage is $50,000,000, of which $19,426,000 is reserved to J & Reading reports. Has no bonded debt. (V. 37, p. 152.)
Pay prior liens, and the balance may be issued for new road e,t $15,000 |
Scioto Valley.<*-Owns from Columbus, O., to the Ohio River oppos¬
per mile single track or $27,000 per mile double track. The Minneapolis 1 ite Ashland,
Ky., 132 miles. Enough of the consolidated mortgage is
Union Railroad is a connecting road for other roads from the stock
reserved to take up the first and second mortgage bonds.
In July, 1882,
yards at St. Paul to Minneapolis, and its stock is $1,000,000. (V. 35, it was voted
to increase the stock to $10,(300,000, of which $2,093,350
p. 374.)
issued to Dec., 1893, and issue- a general consolidated mortgage, and
The annual report for the year ending June 30, 1883, was in V. 37, p.
extend the road from Columbus to Fort Wayne, Ind. In 1881 gross
320.
v
receipts, $450,235; net. $111,901. In 1882 gross earnings, $549,255;
INCOME ACCOUNT.
net, $137,517. Wm. Adams, President, New York. (V. 35, p. 104; V.
1881-82.
1882-83.
1880-81.
1879-80.
36. p.254; V. 37. p. 201.)
Seaboard Sc Roanoke.—Owns from Portsmouth, Va., to Weldon,
Receipts—
$
$
Net earnings....
1.533,461 1,837,817 3,113,916 4,553^68 N. C., 80 miles. The company has paid dividends for a number of years.
Revenue from Land Dep’t. 597,672
8l3J)45 Of the stock, $1,058,600 is common, $200,000 is 1st 7 per cent cruar
860,677
223,832
Other receipts
34,259
92?106 and $44,200 is 2d guar. Net earnings 1879-80. $236,452; 1880-61,
4,851
4,600
$232,495; 1881-82, $178,587. J. M. Robinson, President, Baltimore,
Total inoome
2,135,984 2.066,249 4,008,852 5,459,519 Md. (V. 37, p. 128.)
was

taxes for

..

..

fross earnings, $1,109,840;! net, $355,610; net receipts from lands,




RAILROAD

74

Subscribers will confer a great favor

explanation of column headings, Ac., see notes
on first page of tables.

Shenandoah Valley— 1st mortgage
General mort., gold
3d mortgage income bonds, registered, non cum..
Bhenanyo A Alleghany— 1st mortgage.

mortgage...

1st mortgage, sterlinir loan
1st mortgage, aollar bonds (L)
1st consol mortgage (for $13,000,000)
—
2d consol, mortgage
Income mortgage bonds (not cumulative)
So. A No. Alabama—1st M., endorsed by Alabama.
Sterling mort., s. fund, guar, by L. A N

218

2d mortgage bends (owned
South Pacific Coast -Stock

.'

by L. A N.)

Pennsylvania— 1st mortgage, gold
Southern Cent. (N. 1.)—1st mortgage bonds
New consol, mort. (for $3,400,0u0) convertible...

South

Southern Ka mas— 1st i nor t ga go
Southern Kansas A Western—1st mortgage.
Sumner County KR.—1st mortgage
Ottawa A Burlington RR.—1st mortg., guar
Southern Maryland—1st mortgage, gold
Southern Pac. of Arizona— 1st mort., gold,op. or reg.
South. Pac.(Cul.)— 1st mort.,gold,laud gr., ep. or reg.

Monterey, 1 st mortgage
Sliamoltln

VOL. XXXVIII.

by giving immediate notice of any error

Miles
of
Road.

Shamokin Valley A Pottsville—Stock
1st mortgage, gold, on road and lands

West Pennsylvania A Shenango, 1st
Shore Line {Conn.) -Stock
1st mortgage
Sioux Oily A Pacific— 1st mortgage
2d mortgage (Government subsidy)
Somerset—1st mortgage, gold
South Carolina—Stock

BONDS

discovered in these Tables.
Bonds—Princi¬

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

AKD

STOCKS

29
28
144
249
249
57

Date Size, or
Par
of
Bonds Value.

i871
1880
1881
1883
1869

50
50
102
102
25
243
242
242

1880
1868
•

•

•

1.871
■

.

1868
1868
1881
1881
1881
1870
1873

242

is i
183

....

76
24
114
114
175
149
18
42

1882
1879
1880
1880
1880

Outstanding
$869,450

$50
500 Ac.

2,000,000
2,270,000
3,912,000
1,500,000
1,200,000

1,000
1,000
1,000
500 Ac.
100
lOOOAc.
500 Ac.
500 Ac.
100
100
Various
500

1,000,000
200,000

1,628.000
1,628,320
450,000
4,204,160
471,928
500.000

1,000
1,000
1,000

4,0 L 5,000
980,000

1,000
£200

391,000

2.538.000
4.S72.310

1,000

2,0> 0,000
1,000,000
625,000
90,000
2,83>,600
2,940,000
1,742,000

1,000

239.000

1,000

500,000

1,000

9.604,000

o c o Pr ©
1.000

34,000,000

....

.

is 69

Amount

.

•

200 Ac.
200 Ac.
500 Ac.

500,000
384

955
15

Suabury Sc Lewisburg,-Line from

’79-’80
’75-’8 2
1880

Shamokin to

West Alilton Pa with iron bridge over Susquehanna River at Banbury.
The road was built by Philadelphia A Reading, and opened in 1883 for
its coal traffic northward. Stock. $1,000,000; unfunded del.it, $480,958;
,

—(V. 30, p. 501, 075, 099.)

250.000

When

Rate per
Cent.

Where

Payable

Payable, and by
Whom.

3
7 g.
7 g6 g.
6
7

F. & A. Philadelphia,Treasurer.
do
do
J. A J.
J. A J. Philadelphia A London.
A. A O. Philadelphia and N. Yr.
Feb. 1
Philadelphia, Office.
A. A O. N. Y., N.Bk. of Com’rce.

3^2
4*2

J.
M.
J.
J.
J.

pal. When Due.

6
6
7
5
5
6
6
6
6
8
6
6

g-

A
A
A
A
A

J, N. H., Nat. N. H. Bank.
do
do
S.
J. N. Y. ,Nat. Park Bank.
J. U.S. Treas., at maturity
J.
London.
N. Y., Nat. City' Bank.
N. Y\. 76 Wall Street.
do
do

g-

J.
J.

g.

J. A J. N. Y., Drexel, M. A Co.
M. A N. London, Baring Bros.

A J.
A J.
A. A O.
J. A J.

Yearly. N.Y., H.TalmadgeA Co.

6 g.
5

Feb.,~i884~

July, 1901
1, 1909
Apiii 1, 1921
Jan. 1, 1923

Jau.

188:. A 1907

5, i884
March, 1910
Jan.

Jau. l, 1898
Jan. l, I893

July. 1891 ~
h. 1, 1883

1883
1883
Oct.
Jan.
Jan.
Jan.

tol888
to 1888
1. 1920
l, 1931
1. 1931
1, 1890
May 1, 1903
1910

....

M.
F.
F.
A.
J.
M.
A.

7 g.
7
5
5 to 6
7
7
6
<> g9 g.

Dividend.

F

....

g.

Stocks—

A
A
A
A
A

S.
N Y., Vermilye A Co
A.
New York Agency'.
A.
O. Boston, Nat. Union Bk.
do
do
J.
do
do
A S.
A 0.

J.

A J.

Mar.

1. 1900

Aug. 1, 1889
Feb. 1, 1922
Apr. 1, 1909
Jau.. 1, 1910

Sept. 1, 1910
April 1, 1909

.

New York City.
N. Y'.. Mills Building.
do
do

A. A O.
A. A O.

Mar.. 1909-10
1905-6 A 1912

April 1,1900

$240,199 for construction and $186.2 >5 for “Seligman judgment/
leaving a deficit after all payments of $697,320 for the year. Amount
due Louisville & Nashvillo RR. Co., $1,270,040. (V- 35, p. 162.)
South Pacific Coast (Narrow-«;auge).-Own8 from Newark to
Junction (Felton), Cal, 45 miles; leased-San Antonio Creek to Newark,
25 miles; Felton to Santa Cruz. 6 miles; total, 76 miles. There are no

Pottsville.—Line of road, Sunbury, Pa., to
total 29 bonds, but iu January, 1883, there was debt due the treasurer of $1,926,•
Central 801. Gross earnings 1880, $386,469; deficit, $91,023; gross in 1881,
Company, with a guarantee of interest on the bonds and 0 per $569,968 ; net, $25,993. A. E. Davis, President, San Francisco.
Railway
cent per annum on the stock. The yearly reports will be found in the
South Pennsylvania Railway Sc Mining Co.—South Pennsyl¬
Chronicle with the reports of the Northern Central Railroad. Geo. B.
vania Junction to Richmond, Pa., 21 miles, with a branch from Rich¬
Shamokin Valley Sc

Mt. Carmel, Pa., 27 miles; branch to Lancaster Colliery, 2 miles
miles. The road was leased February 27, 1803, to the Northern

Roberts, President,

Philadelphia.

Hagerstown, Md.,
southward to Waynesboro and thence to a connection with the Nor¬
folk Hi Western road at Roanoke, 239 miles and branch 10 miles. A
close contract tor working and an exchange of stock for Norfolk*
Western stock has been made; also a contract with Pennsylvania RR.
lor exchange of business was made in 1883, by which tin; Pennsylvania
and the Cumberland Valley RR. companies agreed to lay by 20 per cent
of the gross receipts from business with the Shenandoah Valley till Oct.
1,1885,15 per cent for five years succeeding that date, and 10 per
cent for the five years following, for the purchase of the principal of the
Shenandoah Valley’s general mortgage at the rate of $200,OUu a \ ear, if
the bonds can be purchased at par; otherwise the fund for that year
lapses. In any year prior to October 1, 1888, this fund may be applied
to the purchase of coupons if tho earnings are insufficient to pay
interest. The general mortgage of 1881 is at $25,000 per mile, covering
$15,000 per mile to retire the prior mortgage. The stock was $3.7 67.400,
of which over four fifths was held by the Norfolk & Western RR. Co.
A
third income mortgage was made in 1883 for $2,500,000, to bear 0 per
For ten months of 1883 gross earnings were $712,773,
cent if earned.
net,
$163,369; against in 1882, gross, $355,565, deficit, $895.
—(V. 36, p. 511; V. 37, p. 49, 100.)
Sbeuango Sc Allegliany.— Owns from Greenville to Hilliard. Pa.,
47 miles; branches, lo miles; total operated, 57 miles. Leases the West
Pennsylvania * Shenango connecting road, extending from this line to
Butler, 24 miles, under construction in 1883.
The company made
default in 1879, but the October coupons were paid Feb. 21, IS so”. Stock,
$200,000. Gross earnings in 1880-81. $140,693 ; net, $38,099 Gross
1881-82, $171,176; net, $73,855. A. II. Steele, Pres’t. Titusville, Pa.
Shenandoah Valley.—This road extends from

(Conn.)—Line of road. New Haven, Conn., to New
London, Conn., 50 miles. Leased to New York & New Haven RR. Co. in
perpetuity Nov. 1, 1870, at $100,000 net per annum. Chartered as New
Haven* New London RR.; sold in foreclosure and reorganized under
present title June 29, 1864. Dividends 3L2 iu Jan. and 4 in July. Opera¬
tions and earnings are included in the reports of the lessee.
Shore Line

Sioux

City Sc Pacific.—Owns from Sioux City, la., to Fremont,

Neb., 107 miles; leased—Fremont Elkhorn & Mo. Valley RR.,305 miles;
total line operated, 412 miles. For the year ending Dec. 31, 1882, the
gross receipts were $873,562 and deficit alter paying interest and rentals,

$192,473. The capital stock is $2,068,400, oi which $169,000 is pref.,
receiving a dividend of 7 percent per annum. A majority is owned by
Cedar Rap. * Missouri RR. Co. Oliver Amos. Pres’t, N'ortn Easton, Mass
The annual report for 1882 in V. 36. p. 200. gave the income account
and balance sheet
The total revenue was $873,562 ; the total payments
for

operating, interest, rentals, Ac., $1,066,036: leaving a deficit of

$192,473. (V. 35, p. 71, 182, 291, 431; V. 30,p.22O, 427;

V. 37, p.447.)

Somerset.—Oakland, Mo., to Anson, Me.,25 miles. Capital stock
$377,573. In September, 18«3, the bondholders took possession and pro'
ared to reorganize tho company. Gross earn’gsin 1881-2, $27,792; net’
5,070.

South Carolina.—Owns from Charleston to Augusta, 8. C., 137
miles; branches to Columlna* 68 m., and to Camden, 38 m.; total
main line and branches, 243 miles. Default was made and the roa 1 sold
In foreclosure July 28. 1881, and the company was. reorganized with
Stock and bonds as above.
The company

held in it* treasury $350,000 *. d consolidated, bonds

and $462,0. 0 incomes. The annual report was in the chronicle, V'.
38, p. 176. The fixed charges were $373,754, and 3 per cent paid on
income bonds, $976,140. Earnings for three years past were :
Years.

Miles.
243
243
243

Gross Fannings.

$1,233,901
-

1,313.820
1,326,969

.

Net Earn es.
$500 951
501.190
432,; 40

—(V. 36, p. 82, 220; V.37. p. 555; V. 38, p. 170.)
South * North Alabama.—Owns from Decatur, Ala., to'Mont¬
Ala., 182 miles, with a branch of 6 miles from Elmore to

gomery,

Wetumpka. Tlie road is controlled by the Louisville' * Nashville RR
Company, wliieh owns a majority of the stock and all of the second mort¬
gage bonds, $2,000,000, due 1910, which are pledged with the Union
Trust Co. as security for the L. & N. bonds, dated June 1,1880.
500,000
acres of land in Alabama, largely mineral, nave been transferred, to the
Louisville * Nasi.ville Co. Common stock, $1,469,082 ; preferred stock,
$2,000,000.
In 1881-82 gross earnings were $1,314,115, and net,
$312,214, against $221,2&0 iu 1880-81.
Disbursements included




mond to Ore Banks, 2 miles. Leased for 199 years
to Cumberland Valley Railroad Company.
Road
under the name of Southern Pennsylvania
but was sold by foreclosure of

from March 1, 1870,

originally organized

Iron * Railroad Company,

second mortgage December, 1872, and

reorganized under present name. Capital stock, $800,000.

Southern Central (N. Y.)—Owns from Fairhaven, N.Y., to Penn¬
sylvania State Liue, 114 miles. Leases the Ithaca Auburn & Western,
Freeville to Auburn, 38^ miles. Road forms an extension into New
York State -for Lehigh Valley Railroad, in the interest of which com¬
pany it is controlled. A readjustment of funded debt was mode in 1882
on the present basis.
The new 5s are convertible into stock at option of
holders

wii bin ten years,

and $100,000 are held iu trust to retire the

prior bonds due in 1899.
Capital stock paid in is $1,790,234. In
1881-82, gross earnings were $542,310; net, $192,143; in 1882-83,
gross, $511,900; net, $230,579.
(V. 36, p. 427; V. 37, p. 695.)
Southern Maryland.—The
extend from Point Lookout, at

Southern Maryland RR. is designed to
tlie mouth of the Potomac River, to

Washington, where it will make connection with tlie Baltimore & Poto¬
mac Branch of the Pennsylvania Road, and with the Washington &
Metropolitan Branch of tho Balt. & Ohio road. Interest was in default
and W. W. Scott appointed receiver.
See Chronicle, V. 36, p. 415.
Southern Pacific of Arizona.—This is the connecting line of the
South. Pacific of Cal., extending from Yuma to N. Mexico boundary. 384
miles. The stock is $19,995,000. Operated under lease to Central Pac.
till Nov. 1. 1885, at $135 per mile per month. Rental for 18S2, $634,355;
—(V. 37, p. 534.)
Southern Pacific (of California).—Line of Road.—This road
extended connections require a map to slioy them clearly. The
road iu California is in two divisions—the North. Division from San Fran¬
cisco, to Tres Pinos, lOO1^ miles; Carnadero June, to Soledad, 60^
miles; and leased line. Castrovilie Junction to Monterey, 15 miles;
total in North. Div., 176 miles;—the South. Div., Huron via Goshen to Col¬

and its

529 miles; Mojave to the Colorado River, 240 miles; Los
Angeles via Wilmington to San Pedro, 25 miles; total South. Div., 684
miles; total South. Pacific in Cal., 970 miles.
At Goshen the Southern
Div. meets tlie San Joaquin Branch of the Cent. Pac., by which it reaches
San Francisco and the main liue of Central Pacific. The line Mojave
Junction
to Colorado River was finished
in 1883, forming a
connection with the Atlantic* Pacific and thus a route to the East.
The Southern Pacific, at its terminus at Yuma, connects with the
Southern Pacific Railroad of Arizona, an -independent but
closely
affiliated company, some 385 miles, to a junction with the New Mexico
Div. of 171 miles more to El Paso. Thence the line runs over the Galv.
Ilarrisb. * S. Ant. Extern ion to San Antonio, and so on to New Orleans.
Organization, Ac.—The Southern Pacific was a consolidation Oct. 12,
1870, of the Southern Pacific. chartered Dee. 2, 1865 ;rthe San Francisco
* San Jose, Aug. 18, 1860; Santa Clara * Pajaro Valley, Jan. 2, 1863,
and California Southern, Jan. 22,1870. Afterwards the Soul hern Pacific
Branch RR. (chartered Dee 23, 1872.) and the Los Angeles A San Pedro
(chartered Feb. 18, 1.868) were absorbed. The Central Pacific Railroad
Company has taken a lease of the southern division of this road for
a period of five years from January, 1880.
By tlie terms of the lease,
the net rental is $250 a month, or $3,000 a year, per mile, and if it
shall be reduced by mutual consent, tho rental shall be at least suffi¬
cient to pay interest on bonds.
Stock and Bonds.—The authorized capital stock is $90,000,000, of
which $ 10,363,900 has been issued and must nearly' all he held by the
promoters of the enterprise, the stock never having been listed at any
Stock Exchange, or publicly' sold. The bonds were sold to some extentin
Europe. The bonds above are in series A,B, C, D and E, of which A
includes $15,000,000 and B, C, D an l E each $5,000,000; there arc
also two other series, F of $5,000,000 and G of $6,000,000 for new con¬
struction as required. The series A. B, C and D mature in 1905-6, the
series E in 1912. Over $5,000,000 of these bonds are held in the Central
Pacific sinking funds. The bonds are a mortgage on the lands, and aa
proceeds of lands come into tlie hands of the trustees, bonds are pur¬
chased. There is also a sinking fund of $100,000 per year.
Land Grant. -The land grant is 12,840 acres per mile, and proceeds
of sales go to pay bonds. The total grant is estimated to furnish
10,445,227acres,but a large proportion of the lands are barren ana
useless for agricultural purposes without irrigation. In 1882 the sales

orado Riv.,

103.538 at-res for 8494.93 i
Operations. Financi s, Ac. The

were

...

foutln

rn

Pacific of California, with

its connecting lines, forms a route from San Francisco
Orleans, and is one of the most extended systems in the
The short lease to the Central Pacific was made §oon

to New
country.

after the

F*0®0aky,

RAILROAD

1884. J

Subscribers will confer a

great favor by giving

DESCRIPTION.
Far

explanation of column headings, Ao., see notes
on first
page

Southern

of tables.

Pacific of N. Mexico—Mort., coup, or reg..

Southwestern (Ga,)—Stock, guarant’d7
Southwest Pennsylvania—Stock

per annum

Date
of
Road. Bonds

Miles
of

xt>7
321
44
6
24
13

A Sullivan—1st M., conv. (red’bleaft.’88)

Staten Island— 1st
Sterling Mountain

mortgage
(N.Y.)—1st mort.. income,

Stockton A Cop2)eropoli8—1st mort.,
Summit Branch (Pa.)—Stock
1st mortgage bonds

(guar, by

ar.

7%

P.)

45
20
20
43 Lj
23
23
81
81
81
43
57

Leicistown—1st mortgage
Suspension Bridge A Erie Junction—Stock
Buntrury A

1st mortgage

^

Syracuse Binghamplon A N. Y.—Stock
2d mortgage (now first)
Consol, mortgage (guar. D. L. A W.)
Syracuse Chenango A New For
Syracuse Geneva A Corning— 1st mortgage
2d mortgage

A:—Funded debt

Terre

Haute A

1874
1876

Indianapolis—Stock.

Par

93
143
84
105
3 05
104

Ind’napolis

Texas-Mexican—1st mortgage,

1,391

Div.)
(E. l)iv.)

Outstanding

Value.

5.031,700

$....
1,000

$546,150
962,000
989,000
205,000
300,000
475,674
500,000
4,010,350
1.300,000
500,000

100

1,000

1,000
500 Ac.
50

1,000
500

1,000.000
2,500,000

1,000
100

270,000
1,750,01)0

1,000
1,000

201.400

50 Ac.

942,000
600,000

1,988,150
1,000,000

1,000

1879
1881
1881
1875

3*s
5
7
4

7
7
7
0

3
7
7
7

1,000
1,000
1,000

1,000

6
7 g.
7 g.
6 g7

J.
M
M.
J.
F.

1,020,000

2,075,900
191,500

3 c,

524

1875

1,600

5-M

1 q—;

1

0 ga

9.131.000

n

<r

Whom.

N. Y.. Company’s Office Jan. 1, 1911
Savannah.Cent.RR. Bk.f Dec. 26. 1883
Phila. and Greensburg.
Sept., 1883
F’eb., 1917
Philadelphia.
Jan., 1884
New York.
Jan. 1, 1899
N Y., Union Trust Co
B

Y., Company’s Office
New York.

April 1. 1893
July 7. 1895

January.
Feb. 16.
Prila.,233 So. 4th St.
Jan. 1.
do
do
Phila., Guar. T. & D. Co July 1,
N. Y., Ceutral Paciflo.

do
do
D.
do
do
O.
A. Syracuse Savings Bank.
N. 2*.Y.,Farmers’ L.A T.Co
S.
A. N.Y.,Farmers L.A T.Co.
do
do
O.J

A J. N.Y., Farmers’L. A T.Co.
A N. N. Y., J. J. Cisco A Son.
do
& N.
A J.
A A. N. Y., 54 Exchange Pl.

M. A
r.

i.

Stocks—Last
Dividend.

1905
1876

1904

1896
Yearly.
& J. N. Y. Lake Erie A West. July 1, 1900
Feb., 1884
A A. N.Y., D. L. A W. RR. Co.

7

2,145,000
1/254.-IOO
2,500,000

1,000

J. A J.
J. A D.
M. A S.
F. A A.
J. A J.
J. & J.
A. & O.
Feb.
J. A J.
F. & A.
J. A J.
J. A .1.

pal, When Du

Payable, aud by

Payable

&
A
A
A
A
&
A. &

7
7
7
7
5
4

Where

When

J.
F.
J.
A.
F.
M.
M.
F.

7

(?)

500,000
500,000

50

1879

Rate per
Cent.

6 g.

4,180,000

1,000

iio

Terre Haute A Logansport.—Stock
1st mortgage, guar, by Terre Haute A
Texas Central—1st mortgage, gold
New mortgage, gold (2d on 143 miles)

Amount

50

1873

gold ($15,000 p. m.).
Texas A N. Orleans o f ’74—1st mortg. land gr.t coup
Sabine Division, 1st morfgig*($25,000 per mile).

Size, or

500,000
1870
1875
1807
1876
1877
1875
3 899

discovered In these Tables.
Bonds—Princi¬

INTEREST OR DIVIDENDS;

100

1878
1873
1881
1875

73

BONDS

Immediate notice of any error

i'14

Bonds ot 1873

Terns A Pacific—Stock
1st mortgage, gold, coup. (E.
2d mort., consol., gold, com).

1881

1877

1st mortgage
Spuyten Duyril a Port Morris—Stock

State Line

STOCaS AND

a

Juno, 1887
1, 1906
Aug. 1, 190/
Nov. 15, 1905
Mar. 1, 1909
Feb. 1, 1884
Oct.

1893
1910
Nov. 1, 1909
May 1, 1911

July 1, 1921
Aug 1. 1905

S. Phila., N. York A London March 1, 1905
.Tunc 1. 1 orn
do
do
n.

receiver January, 1879. The N. Y. West Shore A Buff do luvs acquired
completion of the Southern Pacific and gave the latter company an control of the property. Stock, $500,000 common and $301,400 pref.
assured status, and the net results to the lessee have apparently been Earnings in 1881-2, gross, $94,111; deficiency after charging out inter
favorable." (See article in Chronicle, V. 30, p. 353.) The Southern est account, $26,413. In L8S2-83 gross earnings $86,139 ; deficiency
Pacific gives to the Atlantic A Pacific road a traffic guarantee of 25 per after charging interest, $140,130.
cent on earnings from business exchanged with that line, if it be neces¬
The Syracuse Geneva Ac Corning.—Owns from Corning, N. Y.t to
sary, for payment of interest on Atlantic A Pacific bonds.
annual report for 1882, pub ished in August, 1883, was in the Chroni¬ Geneva, N. Y.. 57 miles. This roaa was opened December 10, 1877,
and is leased to the Fall Brook Coal Co. at a rental of 33i3per cent
cle, V. 37, p. 205. In 1882 the net income was $140,138 on Northern
Div. and $1,000,066 rental on South. Div., aud $159,000 from contract of its gross earnings. Stock is $1,200,009. Tn 1832-83 gross earnings
with Wells. Fargo A Co., making total income, $1,971,804, out of which were $590,800; operating expenses, $315,421; uet, $281,439; rental,
was paid $1,712,434 for interest and $100,000 for sinking fund, leaving
$198,953; balance to lossor, $s2,485.
a surplus of $159,370.
(V. 16, p. 70, WTO, 212,352, 471, 5nl; V. 37, p
Terre Haute Ac Indianapolis.— Owns from Indianapolis to Fill
68, 265,343; V. 38, p. 62.)
nois State Line, 80 m., with coal branches, 34 in.; total, 114 m. The road
was opene l m 1852 (as Terre Haute & Richmond).
Southern Pacific of New Mexico.—Road extends from Ari
The company leases
zona State Line to the Rio Grande at El Paso, Texas, L67 miles.
Oper¬ and operates the Terre Haute & Logansport RR., also the St. Louis

Nov. 1, 1865, at $1,620 per mile
$285,033. Gross earnings were
expenses and rental, $89,901. Stork,

Vandalia & Torre Haute Road on joint account with the Pittsb. Cm. A St.
Louis RR., at 30 per cent of gross earnings, but guarantees the first and
second mort. bonds.
In 1881-82 gross earnin xs. $1,235,433 ; net earn¬
ings, $ 133,311; total net income, $483,842; interest and 8 per oenfc
dends, $271,052; surplus, $212,790; loss on T. A L‘. lease, $130,928;
oss on St. L. V. A T. H., $14,054; balance of income, $61,807.

ated under lease to Central Pacific till
per annum.
Rental in 1882 was

and surplus over
(V. 37, p. 0G7.1
Southwestern (Ga,)—From Macon, Ga., to Eufaula, 144 miles
has 177 miles of braueh.es, the main one being from Fort Valley to Col
A lease was made Aug. 1, 1809, to the Central RR
unibus, 71 miles.
of Georgia which assumes the liabilities and guarantees 7 per cent on
the stock, but 8 per cent is to be paid if 10 per cent is paid on Central
stock. In June, 1881, $32 per share in 0 per cent debt certificates was
declared by Central Georgia Railroad.
$789,753,

$6,888,800.

divi¬

Logansport.-Owns from Logansport, Ind.,
leased, Rockville to Terre Haute, 22 miles.
Total operated, 110 miles.
Formerly Logansp. Crawfordsv. A Soutliw.,
which was sold in foreclosure Sept. 10, 1879, and reorganized under
present name. Leased by Terre Haute A Indianapolis Railroad for 25
per cent of gross earnings, and first mortgage bonds guaranteed by
Southwest Pennsylvania.—Greenslmrg, Pa., to Fairchance, Pa.
44 miles.
Opened April 1, 1873, and leased to Pennsylvania Railroad that company. Rental, 1860-81, $04,049 ; in 1831-82, $80,313.
which operates it at cost, paying not earnings as rental.
In 1881 Texas Central.—Line of road from Ross, in McLennan Co., to
Albany. Texas,. 177 miles; Gairett to Roberts, 52 miles; total, 229
gross earnings were $710,595 and net earnings, $109,038. Interest on
Is controlled in Houston A Texas Central interests, by which
bonds and 9 per cent on stock were paid out of net earnings of 1882. miles.
Five per cent paid on stock. Sept., 1883.
company it is operated; but accounts arc kept separate. Gross earnings
on 143 miles in 1880-81, $247,707;
net, $128,070. In 1881-82 on 180
Spuyten Buy vel A: Port Morris.—Road is 0 miles in length and miles, gross. $209,542; net, $121,079. Stock, $1,500,000. C. A. Whit
connects the New York Central A Hudson with the New York A Harlem.
(V. 35, p. 373; V. 30, p. 075.)
Leased to New York Central November 1, 1871. Rental is 8 per cent on ney, Pres., N. O.
Texas-Mexican.—Owns from Corpus Christi, Tex,, to Laredo on
capital stock of $939,000. Operations arc included in lessee’s returns.
the Rio Gramle. 105 miles, Charter covers l,40o miles in all. Under
State Line Sc Sullivan.—Owns from Monrocton, Pa., to Berenice.
-aim*, control as the Mexican National, and ia November, 1883, a lease
Pa., 25 miles
Originally organized as Sullivan <& Erie Coal A Railroad for 99
years was made tj tile Mexican National Company. W. J. Palmer,
Co., which was sold in foreclosure Oct. 14, 1874, and a new company
President.
Land grant, 10 sections per mile. Stock authorized $12,formed December 2, 1874, under the present name. Stock, $990,000.
Terre

to

Haute

Ac

Rockville, Ind.. 94 miles;

-

(par $50). The mortgage covers 5,000 acres coal lands. In 1831-82 gross
earnings were $171,343, and net earnings, $30,428.
Staten Island.—Local road on Staten Island, Stapleton to Tottenvilie, 13 miles. Road is operated in connection with Staten Island
Ferry Company. Capital stock, $210,000. In October, 1883, leased to
Staten Island Rapid Transit Co. Earnings in 1830-81, gross, $301,000;
net, $80,000.
(V. 30, p. 724 ; V. 37, p. 400.)
Sterling Mountain (N. Y.)—Road runs from Sterlington on the

Lakeville, about 8 miles. Bonds guaranteed by Sterling
Co. Stock, $80,000. Earnings 1881-82, $15,505.
Stockton Sc Coppcropolis.—Present company is a consolidation,
made Nov. 17, 1877, of the Stockton A Coppcropolis and the Stockton A
Visalia. Line of road, Stockton to Milton and Peters to Oakdale,Cal., 49
miles. Leased to Central Pacific Railroad Company for thirty years
from December 30, 1874. By the terms of the'lease the lessee agrees to
pay principal and interest of the bonds. Capital stock, $234,500. The
company previously made default July, 1874, and the $1,000,000 of
old bonds were exchanged for the present issue guaranteed.

Erie Kailway to
Iron & Railway

the Lykens Valley
Mines, of a mile.
The road is operated by the Northern Central under contract. Traffic is
almost exclusively coal.
Gioss receipts in 1382, including coal,
$1,303,929: net, $193,293; interest ami advances, $180,188. ~(V. 38
Summit Branch (Pa.)—This company leases
RR., and it has a small branch of its own to Summit

;

196.) •
Sunbury Ac Lewistown.-Sclinsgrove Junction to Lewistown
Pa., 43uiles. J.eased to Pennsylvania RR. for net earnings, which in
1880 were $95,577; in 1881, $119,240; in 1882, $120,005. Stock,
$600,000 and dividends of 12 per cent a year have been paid.

p.

Junctoii.—East Buffalo Junction
miles. Road opened Janu¬
Erie & Western Railroad Co.
guaranteed to be not less than
which
1880-81, $17,901. In 1881-82,
loss, $18,290. Lessees own all stock except 297 shares.
Syracuse Binghampton Sc New York.—Owns from*Geddes,
N. V., to Binghampton, N. Y., 81 miles. Chartered as Syracuse A Bingn am pton and opened Oct. 23, 1854; foreclosed and reorganized April
fro, 1857, and leased to Delaware Lackawanna & Western. In 18S1-82
gross earnings, $1.1*8,269; net. $538,270; interest, $141,100; divi¬
Suspension Bridge Sc Erie

to Niagara r ails and Suspension Bridge, 2314
It is leased to New York Lake
ary, 1871.
at 30 per cent of gross receipts,
are
$105,000 per annum. Loss to lessees in

(V. 30, p. 141.;
Syracuse Chenango Ac New York.—Owns from Syracuse, N. Y.,
to Earlville, N.Y.,43 hi miles. The Syracuse & Chenango Valley Rail¬
road was sold in foreclosure and a new company organized March 14,
1873, .under the name of Syracuse A Chenango Railroad. April 15,
1877, road was again sold in foreclosure and present company organ¬
ized, which also became embarrassed and passed into the hands of a

dends (10 per cent), $250,000.




(V. 33, p. 523.)

000,000.

New Orleans (of 187 4).—Houston, Tex., to Orange
104
(Sabine River), 105 miles; ami Sab ne City to
I11 August, 1881, this company acquired the Louisiana
total 209 miles.
A Western from Vernulliouville. La., to Orange, Texas, 1L2 miles,
til Aug., 1882, it was voted to increase the stock to $5,009,000, for the
Texas A:

Rockland,

miles;

of acquiring the Sabine A East Texas road. This was a reorga¬
1874, of the old Texas A New Orleans RR. The stock is
$5,000,000. and a controlling interest was sold to the Huntington Syn¬
dicate <>f the Southern Pacific. In addition to above bonds, there are
$500,000 Texas School bonds. Gross earnings. 1831, $703,301; net,
$399,593. 1882, gross, $810,510; net, .$425.(80; these earnings are on
105 miles only.
O. P. Huntington, President, New York. (V. 35, p. 237;
V. 38, p. 01.)
out-pose

nization,

Pacific.)—Roads from Tex¬
Sherman,
Shreveport,' 40 miles; total
eastern division 537 miles.
Fort Worth to Sierra Blanco, 524 miles;
Sierra Blanco to El Paso (joint track), 92 miles; total Rio Grande
division, 010 m.; total of both. 1,153 miles.
N. O. Pae., Shreveport to
N. O., 330 miles when all built.
Total of all, 1,489 miles. The eastern
division ends at Fort Worth, and Rio Grande division begins there; the
N. O. Pae. terminates at Shreveport.
The Texas & Pacific was built under act of Congress of March 3, 1871,
and other acts in 1872 to ’74, and the laws of Texas. This company suc¬
ceeded to the right of the Memphis El Paso A Pacific Railroad aud other
companies. By a contract made in January, 1880, with the Pacific
Railway Improvement Company, the road was extended towards El
Paso on the Rio Grande, to.meet the Southern Pacific of California, with
$25,000 in bonds- and $25,000 in stock per mile of road. The Fidelity
Insurance Trust A S. 1>. Co. of Philadelphia are Trustees of the Rio
Grande Div. mortgage. The stock authorized is $50,000,000. A con¬
solidation with New Orleans Pacific, share for share, was voted in May,
1881.
From the State of Texas the company received 10,240 acres
of land per mile, and by building east of Fort Worth earned 4,000,845
acres (yet unsold), on which the income bonds are a lien, as also a 3 ,
mortgage on the road east of Fort Worth. The railroad lands in Texahowever, do not lie adjacent to the lino or the roads owning them, an
these are located in part in counties along the Rio Grande divisio
The R. G. Div. bonds were a mortgage on the lands earned by buildin
that division, which would have amounted to about 5,375,000 acres!
located, but the passage of a law in Texas changing the terms of its rail¬
road land grants put a stop on the location of lands by this com any
Texas A:

arkana

to

Pacific.-ffte Map Missouri

Fort Worth. 253 miles;
244 miles; Marsh,all to

Texarkana to Fort Worth via

others.
Scrip was issued to holders of income bonds up
ceased. In Oct., 1>83, after action taken by
and many

to July, 1881, ; n 1 then
bondholders to eoilcct
scrip would be is;lied
is payable only m

interest, the company gave notice that 14 per cept
for the two years to July, 1883. The in.cr_st scrip

STOCKS

RAILROAD

76

Subscribers will confer a great favor by giving

column headings, Ac., see notes
of tables.

first page

on

Outstanding

$1,000

$8,632,000

524

gcripforint.oninc.mort.(red’mable inst’kor land)
1st mort., gold, land grant, Rio Grande Division.

521
336

New Orleans Pacific, 1st

mortgage
Texas <& St. Louis in Mo.<£ Ark.—1st mort., gold
2d mortgage, income
Tex. & St. L. in Texas, 1st mortgage, gold

266
190

land

2d M., income bonds. 1st M. on

.
general 1 st mort., gold
general 1st M. laud grant & income.
Texas Western (N. G.)—1st mortgage
Tioga RR — 1st mortgage, due 1882 and extended .
Consolidated mortgage

Extension bonds
Elmira State Line Railroad mortgage
Toledo Ann Arbor <6 Grand Trunk—1st mort.,

‘

54
54
20
7
61
55
757
270
270
181
181
102
102

gold.

Toledo Canada Southern <£• Detroit—Stock
Toledo Cincinnati <£ St. Louis—Stock
1st mortgage, gold
2a mortgage, income, not cumulative
Tol. Del. A B., 1st mort., Tol. to Kok
do
2d M., iuc., non-cum., Tol. to Kok —
do
1st mort., Dayton Division
do
2d M.. Dayton Div., inc., non-cum
do
1st mort., Tol. terminal trust “ A”..
1st mort., gold, Southeastern Div
do
do
Income bds, Southeast. Div., non-cum.
do
Cincinnati Div., 1st mort., gold
do
income, non-cum
do
do
Equipment bonds

m

,

180
•

22
....

1875
1880-1
1880
1880
1881
1881
1880
1880
1881
1881
1882
1852
1876
1875
1875
1881

1881
1881
1880
1880
1880
1880
1880
1881
1881
1881
1881
1881

GENERAL BALANCE SHEET DEC.

$
50,672,623

Th\

Interest scrip
Cash and ace’ts coll’ble.

Secur’es in Treas’y (par

$1,376,214)

Material on hand.
Real estate
Term’l faeil’es, N. Orl’ns
Stock of N. O. Pac. RR.
.

Gordon coal mine

1,000
1,000
500

4,740,000
2,128,000
1,000
500
2,128,000
1,817.000
1,000
500
1,817,000
12,000 p. m.
239,500
125,000
265,000
160,000
1,260,000
1,000
1,547,662
50
15,000,000
1,000
3,000,000
500 Ac.
3,000.000
1,250,000
1,000
1,250,000
1,000
1,000,000
1,000
1,000,000
1,000
1,000
250,000
1.000
2,250,000
*

^

32,145,200

Bonded debt
41,715,000
Texas school loan
172,773
Interest scrip
909,090
595
1,072,687 Interest scrip— old b’ds.
190,145 Fractional bond scrii)
17,382
26,989 ! Land Dep’t scrip
1,871

2,904,356
1,112,095

1,889,989
6,676,500
92,998

| Unpaid

on

Income account

bonds..

bonds..

96,190
654,470

75,644,173

75,644,163

Texas Sc St.

V. 37, p. 49, 68, 392, 424, 480.)

Louis In Missouri

and Arkansas.—Narrow-

fauge419 miles, and thence by the “Texas A St Louisill., toin Texas” to
road from Birds Point, Mo., opposite Cairo, RR. Texarkana,}
e*c.,
Gatesville, 301 miles; total, main line, 723 miles; branches, PawPaw
Madrid, 6 miles; McNeil to Magnolia, 6 miles; total, 735 miles.
Capital stock is $9,5>2,500 (par $100), which amount includes $3,945,
000 deposited in trust to take up a like amount ot the old stock of the
Texas A St. Louis in Texas. Also enough of the general first mortgage
and gent ral income bonds are reserved to retire the old first mortgage
and incomes. The company issues $12,5u0per mile in 1st mortgage
bonds, $12,500 incomes and $12,500 stock, and the incomes are a 1st
mortgage on the land grant and a 2d mortgage on the road. Land grant
was 10,240 acres for each mi’e of finished road in Texas, but only about
1,000,000 acres are assured. The road was opened in 1883.

to New

The company

has been managed entirely by Western and

Southern

Mr. J. W. Paramore, of St. Louis, being its President, and the
board of directors as follows: J. W. Paramore, W. M. Senter, J. M.
Giikeson, -t. Louis, Mo.; L. II. Boots, Little Rock, Ark.; T. R. Bonner,
L. B. Fish, Tyler, Tex.; L. C. DeMorse, Texarkana, Ark.; T. J. Lowe,
Gilmer, Tex.; C. M. Seley, Waco, Tex. The mad is a close competitor for
traffic with the Gould Southwestern roads. The stocks have not been very
men,

widely distributed, and both stock and bonds are understood to be largely
held by the promoters of the enterprise and their friends.
In January, i8-4. W. R Woodward was appointed receiver on suits
brought bv the Central Trust Co. of New York as trustee of the mort¬
gages. These suits were said to be for the purpose of a friendly fore¬
closure to carry out the. “adjustment” proposed to the bond holders in
November, 1SS3, of which the main points are condensed in the state¬
ments which follow. The cash assessment of 7h per cent is compulsory
on the holders of stock and income bonds.
The plan for readjust¬
ment provided for the calling in and cancellation
bonds issued on Missouri A Arkansas division at
per mile and on Texas Division at rate of $8,000

\i ^

Newr YorkA

Bonds—Princi¬
pal/When Due.
Stocks—Last
Dividend.

Pliilad’phia

Jan. 1, 1915

...

6 g.
6 g.
6 g.
6
9 g6
6 g.
6

6
7
7
7

F. A A. N.Y., Mercantile Tr. Co.
do
do
J. A J.
M. A S N.Y.,Nat.Bk.of Com’rce
March.
J. A D. N’Y.Nat.Bk.of Com’rce

J.
M.
F.
M.

A
A
A
A

D.
S.
A.
N.

New York.

N.Y., Bk. of N. America.

....

7
6 g.

A. A 0.
A. A O.
J. A J.

6 g.

J.

A J.

N.Y.,Farmers’ L.ATr.Co
New York

or

London.

N.Y., G. W. Ballou A Co.
6

A J.

J.

6
6
6

A. A O.

6
6 g.

J. A J.
A. A O.

6
6 g.
6

A. A 0.

■

....

Feb. 1, 1930

July 1, 1920
Oct.
Oct.
June
June

1, 1911
1, 1911
1. 1910
1, 1920
Aug. 1, 1921
Aug. 1, 1931
Feb. 1, 1922
Nov. 1, 1896
Oct. 1, 1905
Oct. 1, 1895
Jan. 1, 1921

1921

July 1,
do
do
Jan. 1,
do
do
Jan. 1,
do
do
April 1,
do
do
April 1,
do
do
July 1,
New York and London
April 1,
N.Y., G. W. Ballou A Co. April 1,
do
do
April 1,
do
do
April 1,

7

do

1921
1910
1910
1910
1910

1910
1921
1921
1921
1925

do

-(V. 36. p. 18. 454, 561, 675, 676, 731; V. 37, p, 24, 49,
920 ; V. 38, p.

152, 535, 595

80.)

Texas Western.— Projected from Houston, Tex., to Presidio Del
Norte. Tex , 900 miles, and under construction. In operation, Houston
to Sea ley, 52 miles,'connecting with Gulf Col. AS. Fe RR. Stock author¬
ized. $3,000,000. Land grant. 10,240 acres per mile. Fred. D. Grant,

President, N. lr. City.

Tloga.-rOwns from Arnot, Pa., to State line New \rork, 44 miles

branch, Blosslmrg, Pa., to Morris’ Run, Pa., 4 miles; leased. Elmira
State Line Railroad, State line New York to Northern Central Rail¬
way Junction, 7 miles; and Arnot A Pine Creek RR., Arnot to Hoyt-

net, $197,913.

1,212,062

—(V. 35, l>. 52, 162,313, 319, 517;

July.

Where Payable, and by
Whom.

Pa., 12 miles; total, 67
Controlled by N.
L E. A W.
26,130 ville,stock is $391,200 commonmiles. $189,700 preferred.Y. In 1882-83,
The
and
1,650 gross earnings, $467,789; net, $102,393; in 1881-82 gross, $562,335;
654,470

coupons

Suspense account.....
Accrued int.

7

2,052,000

....

$

-

Payable

250,000
250,000

1,000
1,000

23,295

Siuk’g fund 1st in. E. D.
on

Or.

When

Rate per
Cent.

2,250,000

500 Ac.

31, 1882.

Capital stock...;

13,023,000
6,720,000
4,740,000

1,000

19,159

San Diego land
Insurance fund

Accrued int.

i

Amount

890,090

stock or in land and interest at 7 per cent is allowed on it only when
turned in in payment for land.
For the year 1882, the report was in V. 36, p. 423. Gross earnings
in 1882, $5,919,732 ; net, $1,343,291.

Construction

[ V oh, XXXVIII.

Immediate notice of any error discovered in tbese Tables.

Miles
Date
Size, or
of
of
Par
Road. Bonds Value.

Texas <& Pacific— (Continued) —
Income and land mort., E. Div.. reg

do
do
do

BONDS.

INTEREST OR DIVIDENDS.

DESCRIPTION.

For explanation of

AND

of first mortgage

(V, 35, p. 313.)

Toledo Anil Arbor Sc Grand Trunk.—Owns from Toledo, O., to
South Lyons, Mich.. 61 miles, and thence to Pontiac, connecting with
Grand Trunk of Canada lines.
Annual report in V. 37, p. 98. Stock,
$1,900,000In 1882 gross receipts, $178,232; surplus over interest,
$175. (V. 37, p. 98,152, 392.)
Toledo Canada Southern Sc Getroit.—Toledo. Ohio, to Detroit
(G.T. Junction), Mich., 55 miles. Road opened September 1, 1873. Oper¬
ated by Canada Southern.
The bonds were exchanged into Canada
Southern first mortgage bonds at 70 per cent of face value.
Toledo Cincinnati Sc St. Eouis.—'This is the consolidated line
(narrow gauge) of the. Toledo Delphos A Burlington and Toledo Ciu. A St.
Louis. Owns from Toledo to St. Louis, Mo., 451 miles; branch, Dclplios
to Dayton and Shanesville hr., 102 miles; Southeastern Division, 185

miles; Cincinnati Division, 17 miles; Iron RR., 24 miles; total, 757 miles
June, 1883.
In November, 1882. the. com pany needed funds, and a plan
was made in Boston to raise $800,000 by subscription of parties inter¬
ested, they taking 8 per cent debenture bo nds as security. The. interest
coupons due in 1883 and 1881 on the first mortgage bonds, in April,
1883, were being funded into 6 per cent scrip due Oct., 1891. It was
proi osed to exchange all income bonds for preferred stock, in shares
of $50 each, and a considerable amount was so exchanged. In July,
1883, Mr. E. E. Dwight was appointed receiver, the company being

Craig were appointed
joint receivers of different parts ot the property.

embarrassed, and afterwards Mr. Dwight and Mr.
as

From

an

article in the Investors*

Supplement of August, 1883, the

following is condensed in regard to the financial history of the company:
“The nucleus of the system of roads was tin*. Toledo Delphos A Burl¬
ington Railroad, which was organized in 1879: hut its active existence
may he said to date from the early part of 1881.
At the beginning of
that year it had in operation a line of road from Toledo, on Lake Erie, to
Kokomo, Indiana, with a branch from Delphos to Dayton—altogether
about 280 mihvs. The company was then doing a fair business. The
crops of 1880 were remarkably good, uml all railroads were at that time
enjoying a large traffic. In March. 1881, the Dayton A Southeastern, in
.operation from Dayton to Wellston, Ohio, was taken into the
system, and thenceforward it began to attract considerable notice.
Such a considerable railroad property as this could not be left with a
terminus at so insignificant a place as Kokomo, and St. I.ouis was

rate of $12,000
per mile. It was selected for its destination in the one dir, ction and the Ohio liver in the
proposod to issue new first mortgage bonds at rate of $15,000 per other, and the road was to be made one of the longest narrow-gunge
mile and new 6 per cent second mortgage income bonds at same rate.
systems on the Continent. Accordingly, the Tol. do Cincinnati A St.
They would draw interest only from June 1, 1884, and the first semi¬ Louis Company was organized for the purpose of extending the
annual coupons would be payable Dee. 1,1884. An assessment of 7h line to St. Louis. This company took within its folds the Frank¬
per cent cash on stock and incomes was made and new stock, first mort¬ fort A Kokomo, whose termini are indicated in the name, and
gage boiulsand incomes given to represent this assessment.
then went boldly to work to build tin* extension to St. Louis.
As
The following tables will show the former outstanding securities, the the Cincinnati A. St. Louis had been formed
mainly in the interest of
proposed exchanges thereof for now issues, and the total amount of new the Delphos A Burlington (which, in addition to the Dayton A South¬
issues to he made:
eastern, had absorbed the Iron Railroad, a small coal and iron road on
TEXAS A ST. LOUIS RAILWAY IN MO. AND ARK.—152 MILES.
the Ohio River, in 1881). it was concluded to merge tile two companies
For this company new issues of bonds and stock of similar classes are into one, under the name of t lie former, ami this was accomplished in
March, 1882. Mr. J. M. Corse, the former president, gave place to Mr.
to be made, but of larger amounts, as the following will show :
R. M. Pomeroy, and $1 500,000 was advanced by a syndicate of Boston
Securities
Rato of
Equivalent
Total new
capitalists, on a deposit of the company’s securities and other assets.
Outstanding.
exchange, new issuec.
issues,
In November, 1882, the subscribers to th 'trust wore called together to
First.mort., $5,650,000
a> 105
$5,933,600
$7,250,000 hear the report that as some of the money subscribed for the completion
Second mort. Inc., $5,650,cOO
a 100
5,650,o(K>
7,250,000 of the road had been by their permission diverted to other uses, such as
Tv 100
Capital stock, $5,650,000
5,650,000
7,250,000 retiring floating debt, Ae..some $360,000 more were immediately needed
TEXAS A 8T. LOUIS RAILWAY IN TEXAS—315 MILKS.
to accomplish the original objects of the tru.-d. The subscribers agreed-to
For this company there are. to he issued first mortgage bonds, second assess themselves 25 nor cent in addition to their original subscription—
mortgage income bonds, and a land company is to be organized with taking some more of tlie company’s securities in return—and thus provide
$2,128,* 00 scrip and $2,000,000 stock, which shall take all the land and $375,600. This money, it appears, \\ as not paid in ns quickly as it had
been subscribed, so in the very next month an urgent appeal was made to
land claims :
Total new the subscribers to meet their assessments promptly, lesi tlie property be
►Securities
Rate of
Equivalent
forced into bankruptcy. Simultaneously .there came the further an¬
issues.
Outstanding.
exchange, new issues.
nouncement that at least $.800,060 more would have to be raised to put
First mort., $2,128,000
$2,311,000 \
-a) 110
$5,250,000 the
company in good working order to meet the large business widen it
General first, mort., $1,817,' 00
© 105
l,9os,()00>
was to get.
The money was raised (on 8 per cent debentures), two years*
First nit.Id. gt. A Inc., $2,128.000.. d 100
*2,128,000 l
5,250,000
coupons were funded, and Mr. E. B. Phillips accepted the presidency.
Gen.lstmt.ld.gt.A Inc.,$1,817,000.ct> 100
11,817,000 5
5,2 50,000 -(V. 36, p. 18, 310, 399, 480, 561. 591. 652. 699; V. 37. p. 49, 100,
Capital stock, $3,045,000
'cv 100
3,915,000
128, 152, 176, 314. 376, 392,424, 418, 564, 595, 668, 687; V. 38, p. 104.
♦Also, land scrip for $2,128,000. t Also, Land Co. stock for
17,000. 178, 196.)




February.

RAILROAD

1884. J

Subscribers will confer a great

of tables.

Ac./s^e notes

Date
Miles
Size, or
Par
of
of
Road. Bonds Value.

Cincinnati d St. Louis—(Continued)—
Burl., Iron RR., 1st mortgage

1879-20.

Toledo

Tol. Del. A
do

incomes

do

i.

....

00
35
53
64

Tonawanda Valley d Cuba—1st mort.
Trov d Boston— 1st mortgage, consolidated
New mortgage bonds (for $1,000,000)
Tyrone d Clearfield—Stock
1st mortgage
jjlstei'd Delaware—1st mortgage
2d mortgage income bonds
:

United N. J. RR- d
Gold bonds
w

187.

74
....

429

Canal Companies—Stock

General mortg.,gold

audrcurrency, coup

....

registered..

....

....

•

plain bonds

•

•

•

•

•

....

consol, mort. (siuk’gfund after

do

•

•

gold loan, reg

Joint Co.’s
.

•

1880)

N. J. RR- A T. Co., 3d loan due State of N. J
TJmon Pacific—Stock
;
1st mortgage, gold, on road and equipment

....

m

1,820
1,038

(Government subsidy) — 1,038
road (2d on land), sinking fund.. 1,038
Land grant bonds on 10,514,789 acres
Omaha bridge bds, st’g, (s.f. about $05,000 yrly).
2a mortgage currency

3d

do

on

....

....

Collateral Trust bonds
Collateral trust ootids of 1883,

gold
Kans. Pac.,eons. M..,g.(for $30,000,000).cp.orrg.
do
1st M.. g, cp., on 140m. west Mo. Riv.

1881
1881
1881
1874

1878

....

140

$....

1870
1875
.....

1879
1805

1,000
1,000
100 Ac.
100

1,000
1,000
....

....

....

....

.

.

.

.

.

.

.

.

....

....

100

1,000

1,000
....

1,000
£200
1,000
1.000

1,000

1,000

State line, 35
miles;

Troy Sc Boston.—Owns from Troy, N. Y\, to Vermont
miles; leased: Southern Vermont 6 miles; Troy A Bennington, 5
Vermont State line to North Adams, 7 miles; total operated, 53 miles.
The 1st consolidated bonds are used to redeem 1st and 2d mortgages,
and 2d consolidated to redeem floating debt. Slock,
In
1881-2 surplus was $31,144. Operations and earnings for three years

$1,023,110.

past were as
Years.

..

..

follows:

Passenger

Miles. ' Mileage.
53
6.191,024
0,246,817
53
53
7,315,713

f

Net
Div’d
Earnings. Earnings, p. ct.
$28,252,911 $570,161 $271,423 ..
24,778,230
498,719
182,206 ..
523,547
213,700 ..
24,979,208
Freight (ton)

Gross

Mileage.

-(V. 30, p. 170.)

Tyrone A:

Clear Held.—East Tyrone Pa., to Cur wens vi lie,

Pa., 44

branches, 20 miles; total, 04miles. This company was organized
April 1, 1807, after sale in foreclosure.
Road completed m 1872. ft
was leased to the Pennsylvania Railroad in 1878 and new lease made
miles;

in 1382.

J. N. Du Barry, President,

Philadelphia, Pa.

Delaware.—Owns from Rondout (Hudson River), N. Y.»
N. Y., 74 miles. This was the Rondout A Oswego in 1870’.
reorganized May 28, 1872, as New York Kingston A Syracuse, and again,
after foreclosure, May 1, 1875, as Ulster A Delaware. The stock is
$1,152,100. In 1880-81 the gross earnings were $237,100; net earn¬
ings $25,019
In 1881-82, gross, $209,751; net, $$30,340, Thomas
Cornell is President, Rondout, N. Y.
United New* Jersey Railroad Sc Canal Co.—Links of Road.—
New York to Philadelphia and branches, 125 miles; Camden to Amboy
and branches, 225 miles; Trenton to Manunka Chunk -and branches,
89 miles; total operated, 430 miles. Delaware A Raritan Canal, 00
Ulster Sc
to Stamford,

iuile.fi.
This company was formed by a consolidation in
Raritan Canal Company, the Camden A Amboy

1807 of the Delaware A

Railroad, and the New

Jersey Railroad A Transportation Company. The United New Jersey
Railroad A Canal Companies were leased in May, 1871, to the Penn¬
sylvania Railroad for 999 years, at a rental of Id pm* cent on the
stock, besides interest- on bonds. The smaller leased roads were taken
with their several contracts. The Belvidere Delaware, was leased to the

Pennsylvania Railroad March 7, 1870, and Since January 1,1877, lias
been operated as the Belvidere Division of United New Jersey Railroad

system. The net earnings arc

paid over to the lessors in full as rental-

profitable in cash receipts to the Pennsylvania
Railroad, and the net loss in 1879 was $939,889, and in 1880 $1,035,308, and $302,804 in 1881; but the connection with New York was in¬
dispensable. Operations and earnings for live years past (including the
canal) were as follows:

The lease has not been

Freight (ton)
Gross
Net
Div.
Mileage.
Earnings, p. ct.
Earnings.
10
255,027,095 $8,398,531 $2,895,592
332,298,977
9,784,843
3,283,981
10
...9781
...0881
3,329.473
U
171,055,377 381,885.409 11,541,081
4,211.5*0
1881...
197,300,974 480,995,398 13,022,804
10
1882... 4 29 227,938,390 521,809,010 14,231,458
4,002,303
10
-(V. 30, p. 170.)
Union Pacific Railway.—(Sec Map.)— Links of Road.—Main
line—Council Bl.ill's to Ogden, 1,037 miles;
branches—Ogden to
Junction Central Pacific, 5 miles; Kansas City to Denver, 038 ; Denver
to Cheyenne, 100; Leaven worth to Lawrence, 34; total owned, 1,820
miles; controlled—Omaha A Repub. Valley RR., 1GOmiles; Omaha N. A
Black Hills RR., 84; Colorado Central RIi.,327; Echo A Park City RR.,
32; Utah A Northern RR., 402; Marysville A Blue Val. RR., 38; Carbondale Branch, 31; Junction City A Fort Kearney, 70; Solomon RR.,
57; Sulina A Southwestern, 35; St Joseph A Western, 251; Central
Branch Union Pacific and leased roads, 388; Kansas Central, 105;
Denver A Boulder Valley., 27; Golden Boulder A Car, 0; Oregon
Short. Line, 255 ; Greeley Salt Lake A Pacific, 41 ; Denver South Park A
Pacific, 264; Man. Alma A Bur., 28; Nevada Central, 93; Manhattan A
N. W., 4; Salt Lake A Western, 51; total controlled, 2,872 miles; total
operated and controlled Dec. 31, 1882, 4.692 miles. The Central Branch
Union Pacific and leased lines are operated by the Missouri Pacific under
an agreement with Union Pacific, and not included in the mileage oper¬
ated by Union Pacific.
Organization, Ac.—This company, the Union Pacific Railway, was
Years.

Passenger

Miles.
Mileage.
373 139,245,413
373 140,914,158
....

formed by a

1,000,000

Pay’able

J. A
Jan.
M. A
J. A
A. A

21-2

1,000,000

When

Ronds—Princi¬

i

pal,When Due.
Stocks—Last
Dividend.

Where Payable, and by
Whom.

1901
1911

J. N. Y., G.W.Ballou A Co.
do
do
1.
New' York Office.
S.
J. N. Y., Nat. B’k of Com.
do
do
0.

Sept. 1, 1931
1924
1903
Dec. 31, 1883

Phila., 233 South 4th.

5
7
7

159,000
1,342,000

21,240,400
1,824,000
5,009,000
2,000,000
1,840,000
1,800,000

•

154,000
841,000
800,000

5,000,000
100,000

60,868,500
27,229,000
27,230,512
13,801,000
4,023,000
1,805,000
4,787,000
5,000,000
15,740,005
2,240,000

r

....

J.\ A J.
J. A J. Rondout, Co.’s Office.
do
do
< F. A A.
21fl
Q--J. Phila. and N. Y. Offices.
4
F. A A.
Philadelphia Office.
do
do
6 g. M. A S.
6
A. A O. Phila., Pennsvlv’a RR.
London.
6 g. M. A S.
do
6 g. M. A S.
6
F. A A.
Philadelphia.
do
6 g. M. A S.
6
J. A D.
Princeton, N. J.
6
M. A N.
Philadelphia Office.
A. A 0. N. Y., B’k of Commerce.
0
1%
Q.-J. New’ York and Boston.
do
do
6 g. J. A J.
0
J. A J. U.S. Treas., at maturity’.
8
M. A S. New York and Boston.
do
do
A. A O.
7
8 g. A. A O. London, L. A S. Fr. Bk.j
0
J. A J. N. Y., Union Trust Co.
J. A D. Boston, N. Fugl'dTr.Co.
5
6 g- M. A N. N. Y.. 195 Broadway’. |
do
do
6 g. F. A A.

1900

July 1, 1905
Jan. 10, 1884
Feb.

1923
1901

1.

Mel). 1,
Oct. 1,
Mch. 1,

1894
1894
Mch. 1, 1894
Feb.

1888

1.

Sept. 1, 3 908
jail.
1, 1889
Nov. 1. 1889
Overdue.
Jan. 1, 1884
1890 to 1899
1890 to 1899

Sept. 1, 1893
1887

April, 1896
July 1, 1908
Dec.

1,

May 1,

.

1907

1919

Aug. 1, 1895

1

and 1804 applied to this road, and gave it fl, subsidy of $0,303,000 and a
land grant of about 6,000,000 acres.
The Denver Pacific—Denver to Cheyenne, 100 miles—was built under
the charter of the Union Pacific, E. D. (Kansas Pacific), and opened

January 1, 1871. The Denver A Boulder Valley was opened under a 99
year lease from 1873. The company made default, and a receiver was

appointed April 4, 1878. The stock of $4,000,000 went into this consoli¬
dation January 1880. and the bonds are retired with the consolidated
mortgage of the Kansas Pacific.
As to the. debt of the Pacific railroads to the United States Govern¬
ment a decision of the U. S. Supreme Court settled the point that the
payment of interest on the loans was not obligatory on the companies
tili the principal of the bonds became due. Afterwards Congress passed
the Thurman Act, May 7, 1878, w hich, for the Union Pacific, provided
that 25 per cent of tin* net earnings, after deducting interest on the
first mortgage bonds, should be paid annually to the Government as fol¬
lows: First—Applied directly to interest account, one-half of Govern¬
ment earnings and 5 per cent of net earnings, after deducting interest
on first mortgage bonds.
Second—To be placed in the sinking fund—
the other half of the Government earnings and so much of $850,000 as
may be necessary to make all the payments by the company equal 25
per cent of its net earnings.
Stock and Bonds.—The capital stock issued and outstanding is
$60,854,105, having been increased about $10,000,000 since the consoli¬
dation in 1880. Dividends since 1879 have been as follows: in 1880, 6
percent; in 1881,0%; in 1882, 7 ; in 1883, 7.
The yearly range in prices of the stock has been—In 1880, 80^113% ;
in 1881, 105122)131%; in 1882, 93l4®119%; in 1883, 7018®104%; in
1884 to Feb 10, 691‘2'S>83i5s.
By act of Congress of July 2, 1804, the Government loan was made a
second lien and the company’s first mortgage bonds to the same amount
were made a first lien on the roads.
The Union Pacific land bonds are
retired rapidly with proceeds of land sales.
Of the Union Pacific collateral trust bonds, the first issue wras limited to
80 per cent of the following bonds: Omaha A Republican Valley RR.,
$850,000; Colorado Central Railroad bonds, $2,520,000; Utah Northern
Railroad, about $3,480,000; total, $6,856,000.
The collateral trust
bonds are a d;rect obligation of the Union Pacific Company, and have as
their security the first mortgage bonds of the roads named pledged with
the trustees. The excess of interest collected on hypothecated bondssay $22,000 per year—forms a sinking fund to reduce the principal.
The $5,000,000 collateral trust bonds of 1883 are secured by the follow¬
ing bonds : Colorado Central RR. $2,356,000; Utah A Northern RR.
$2,353,000; Omaha A Rep. Valley RR. $419,000; Utah Southern RR.
extension $975,000; Denver South Park A Pacific RR. $1,544,000;
Kansas Central RR. $1,102,000; total $8,809,000.
The outstanding bonds of Kansas Pacific above are given less the
amounts of each class held byr the trustees of the general mort. The 2d
land grant mort., with various other bonds, was taken up with the gene¬
ral consol, mort. of May 1, 1879, which covers road and lands; the trus¬
tees ot that mort. are Jay Gould and Russell Sage, and they held in trust
on Jan.
1, 1883, the following bonds or the Kansas Pacific, making
$10,031,080 in all, viz.: Leavcuwortn Branch, $533,000; first land grant,
$1,430,250; second land grant, 1.499,000 ; income (unsubordinated)
bonds. $187,050; income (subordinated) bonds, $3,205,300; Denver
Pacific bonds, $2,017,000.
They’ also held $!,875,800 of the stocks
and $3,150,000 of the bonds of other companies controlled by the
Union Pacific.

,

Land Grant.—The land department reports the following
Net proceeds, Union Pacific land grant 1882
Net proceeds Kansas Pacific land grant 1882
Net proceeds of other lands, lots and income, 1882
Total net proceeds for the year
Deduct interest paid on consol, bonds
Leaves net proceeds
The lands on hand Jan. 1,

1

1 883, were 9.129,000 acres

• 'ni£ IW
for 1882 :

$5)10,683
321,890
114,195

$1,340,770
258,275
$1,088,495

U. P. lands and

5,336,000 acres K. P. lands. U. P. land contracts and cash’ $4,017,401.
The Kansas Pacific lands mortgaged W’ere put in twro trusts, 2,000,000
acres in the first, from the first to the 380th mile westward, covered by
the first a nd second land mortgages, and 3,000,000 acres in the second
grant , from the 380th mile westward, arc covered by the Denver Division
mortgage.
OrKK vnoNS, Finances,

Ac.—The Union Pacific has made large earn¬

ings anil operated its road at a low percentage of expenses. The com¬
pany has extended rapidly and built and acquired much new’ mileage, of
which the Utah Northern and Oregon Short Line are two of the most

important branches. It is not yetpossiblc to estimate i he effect of the
consolidation, January 24,1880, of the Union Pacific Rail¬ Competition of Northern Pacific, Denver A Rio Grande Western and
Atlantic A Pacific on the traffic of this road, nor the benefit to be derived

road and the Kansas Pacific anil Denver Pacific, made under authority
of the acts of Congress of July 1,1802 and July 2,1804. New stock
was issued for the old stock of the three companies, blit their bonds
remained unchanged. The Union Pacific Railroad was chartered by
Act of Congress of July 1, 1802, which gave the company a land grant
of 12,800 aeies per mile, estimated at a total of 12,083,227 acres, and a
subsid*' in V. S.bonds of $27,230,512 on 1,033 miles of road.
The Kansas Pacific extended from Kansas City, Mo., to Denver. Col.,
63!) miles, with Leavenworth Branch, Lawrence to
miles. It was organized as “ Leavenworth Pawnee A Western” in
then changed to “ Union Pacific, Eastern Division,” June <5, 1863, and to

Leavenworth, 34
1801;

“Kansas Pacific”




6
6
6
7
7

865,000

from Attica, N. Y. to Cuba’
listed at Now York Stock
Exchange December, 1882. Of the above bonds $130,000 are reserved
to redeem a prior issue, li. G. Taylor, Buffalo. N. Y., President.
(V. 35,
700.)

Rate per
Cent.

$500,000

1,000

Tonawanda Valley Sc Cuba.—Owns
N. Y., 00 miles. Stock $598,*200. Securities
p.

Outstanding

1,000

1,000

....

1866-9
1866-9
1874
1867-9
1871
1879
1883

Amount

500,000
500,000
1,380,000

....

...

1883
1871
1871
1871
1871
1871
1878
1854
1862
1808

....

Umtea Co.’s mortgage, sinking fund,
do
sterling loan mortgage, sinking fund
do
do
do
do
ao
do
dollar loan, mortgage
do

discovered In these Tables.

INTEREST OR DIVIDENDS.

explanation of column headings,
on first
page

77

BONDS.

AND

favor by giving Immediate notice of any error

DESCRIPTION.
For

STOCKS

on

March 3,1809.

The Pacific Railroad acts of 1862

Short Line.
1882 gave the gross earnings as follows:
1,820 miles, main lines
$22,823,884
2,359
“
auxiliaries
r 7,540,043
513
“
auxiliaries operated by other companies
not reported
The roads making up the 513 miles of auxiliary’ linos of which the
earnings are not included are the Central Branch. 383 miles; Man¬
hattan Alma A Burlingame, 28 miles; Manhattan N. W., 4 miles: and
Nevada Cent., 93 miles. Of the 2.359 miles of branch roads on which the
gross earnings were, as above, $7,540,043, there is no detailed informa-

from the-Oregon
The report for

£

^ ”.'

•

^7?

-

'

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i. ’

».l*ti*W*lr'|^

-

IV

.

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-

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•.-* v

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^

^
C}

X

•

^1,0.

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f:t'“?3£~/ /
/V£

v

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RAILWAY.

^?«ESWS?a»»8^

February,

RAILROAD

1884.]

Subscribers

tttill confer

a

INTEREST OR DIVIDENDS.

explanation of column headings, &c., see
on

Union

first page

of tables.

Miles Date
Size, or
Par
of
of
Road. Bonds. Value.

notes

Pa&He—(Continued)—

(Jtnh Central— Stock
1st mortgage, gold
Utah Southern, 1st mortgage, coupon

te

general mortgage <r>r $1.950,000)
Utah South. Exten., 1st M., Juab to Frisco
do

Utah dt Nevada—Stock
Utah cC Northern.—1st mortgage
XJtica dk Black River— Stock

.

.

.

•

•

•

•

■

Mortgage bonds

•

mortgage
Clayton A Theresa, 1st mortgage, guaranteed
Utica Chenango <f- Susguehaiuia Valley— Stock
Black River A Morristown, 1st

•

•

•

.

Utica Clinton (C- Binghamton—1st mortgage.
Utica Ithaca <t: Elm ira—1st mortgage, gold

....

Valley (N. Y.) Stock
1st mortgage

....

.

Valley (Ohio)—1st mortgage
Consol, mortgage
Valley ('Fa.;—1st mortgage
fermont <£ Massach usetts— Stock
Convertible bonds
Bonds of 1883 (guaranteed by Fitchburg
Vermont Valley of ’71—1st mortgage

»

m

e.

-

.

....

—

RR.)...

-

tion in tlic report except that the President say s: “The earnings of
these lines, after the expenses of maintenance and operation were
deducted, amounted to $2,211,099,” and this is credited in the U. P.
Income account as the amount received from stocks and bonds of the

auxiliary companies.
For the

year

gross earnings were $29,7(50 9 !4, against
1882; net, $13,090,323, against $11,879,669 in

1833 the

in

1882.

published in V. 36, p. 282 The
and balance sheet were as follows,
but the earniugs cover only the 1,820 miles of main road in the three years:

The annual report tor 1882 was
earnings, expenses, income account

EARNINGS AND EXPENSES.

1881.

5,171,115

Earnings—

4,922,711

$

$
5,054,344

234,010

208,860

143,386

13,406.910

15,075,515

469,025

484,013
1,503,599
2.064,119

13,543,84 J
361,648

Government

Freight—Cash

;

Government

1,342,572
1,831,502

Company
Mail, express, Ac

22,455,134
$

Maintenance of way
Renewal of rails

1,964,773
1,109,676

Equipment and motive power
Trai spoliation expenses

4,42 4,871
2.132,692
439,908
473,199

Taxes
General

(including taxes) ...'

Net earnings
Per ct. of op. exp.

1,496,673
2,223.987

10,545,11911,910,015

2,179,071

22,823,884
$
2,082,192

1,700,426
5,185.906

556,143
4,733,832

2,482,588
304,011
538,341

2,392,49!)

12,480,343

10,727'*,049

11,778,474

12,090.835

24,258,817
$

47-00

51*45

40-96

to earnings

487,780
471,297

INCOME ACCOUNT.

Receipts

-

$

$
11,778.4* k

if

Net earn ngs
Interest and dividends
Other receipts

1

1,010,153
284,249

1,332,6/8

12,006.835
2,211,099

Total income
Disbursemeii Is—
Interest on debt

13,204,417

13,111,152

14,307,931

$

4,819,128
117,196
4,076,134

114,315
3,045,738

i

0c

.ji

307.000

Total disbursements

Balauce, surplus

434,000
1,779,811

1,653,359

2,097,190

10,548,337
2,656,080

business..

10,972,817
2,138,335

11,967,827
2,340,107

GENERAL BALANCE AT CLOSE OF EACH

1880.
$

Assets--

154,743,629

Road, equip’t. Ac
Stocks owned, cost
Bonds owned, cost
Advances
Excess of int. on U. S.

•$
4,976,204
191,645
4,260,788

7

6

-.

Sinking funds
Due U. S. on year’s

1.910,015

$
5,174.473

Discount, lnt’st, premiums,Ac.
Dividends
Do per cent

110,507,615
bonds.

Materials, fuel, Ae
U. P. bonds and stock
Denver Extension sink’g fund
Coal lands and miucs
Bonds and stoeks held iu trust
Land department assets
Total
Liabilities—
Stock
Funded debt (see Supblem’nt)
United States subsidy bonds..
Accrued int. on subsidy bonds
Bills payable, and all other
dues and accounts
Interest accrued not due
Balance of income account...

6*.

$4,063,000

6
0 87
7

6,303,000
6,307,000
G7.000

18-32.

882,100
4,225,000
1,000,000
1,000,000

1^
0 g.
7

1,456,000
1,950,000
555,860

5,543,000
2,047,000

Where

Whom.

& D. New York,195 Brhlway.
Payable L3 by transportation.

M. A N. N. Y., Loud. A Frank ft.
M. A N. New York, 195 fl’wuy.
M. A S. N. Y.,Bk. of Commerce
N. Y., 195 Broadway,
Q.-J.
do
do
J. A J.
do
do
J. A J.
do
do
J, A J.
do
do
J. A J.

A J. New York. 195 Br’dway.
Utica.
A S.

t

N.Yr,, Nat.Bk.cf Com’ce.

790,000

600,0(50
750,000
400,000
1,600,000
600,000
206,000
3,050,000

,T.
M.
A.
A.

J.
M.

150.000

1,000,000
800,000

A N. N. Yr„ D. L. A W. RR.
J. N, Y’., Cent. Nat. Bank.
& J.
N. Y., I>. L. A* W.
da
d>
A D.
New York.
A S.
Bait, and New York.
A O.
Boston. (.'Nice.
& O.
& J. Boston, Fitchburg RR.
do
<lo
A N.
A O. Rost., Safe Dep. A Tr.Co

A

4

5
7
6
6
3

do
do

do
do

<

7
3
6 7
5

200,(00
4,000.000

Payable, and by

J.

2
7

1,112,000
500,000

.

When

Payable

A.

Stocks—Last
Dividend.

June 1, 1896
1895 to ’97
May L, 1899
Jau
1, 1896
July 1, 1916

(?)
1890

Jan.

1,

July

1. 1391 i

July 1, 1909
July 1, 1909
July 1, 1908Sept 1883
July, 1891
,

Jan.

1, 1894

July 1, 1898
Nov. 1. 1883
1880 A 1890
Jan. 1, 1911
1883

Aug. 1, 1911
J 906
1921

Oct,
Oct.
July

1,
8.
1.

1921
1833
1885

May 1, 1903
Oct.

1, 1910

I!tali Central,—Owns, from Ogden, Utah, to Frisco, 28 ) miles.
This was a consolidation July 1, 18si, of the Utah Central, Utah.
Pi 1^82
Southern and Utah Southern Extension. Stock is $4,225,090.
gross

receipts $1,531,486; net, $897,949.

For eight months of 1883
against $1,255,214 gross

gross earnings were $974,000, net $502,824;
and $725,819 net, in 1882. Sidney Dillon, President.
V. 35, p. 162, 229; V. 36, p. 35S.)

tV. 31, p. 509;

Utali Sc Nevada.—Owns from Salt Lake City, U. T., to
U. T., 37 miles. The Utah Western made default January 1,
the road was held ny trustees for the bondholders, and was
Nov. 3,

1880. and this company

organized.

Terminus
1 378, and

foreclosed

Sidney Dillon, President#

New York City.
Utah Sc Northern.—From Ogden. Utah, north into Montana Terr>
tory to Deer Lodge, and the line of Northern Pacific, with a branch
to Butte City: total, 462 miles. This road forms a connection between
the Northern Pacific at Garrisons. Montana, and the Union Pacific at

Ogdon.

Stock $5,543,000.

The road was Imi.t and is mainly owned by
earnings, $1,359,583;

For the year 1881, gross
the Union Pacific.
net, $602,619; in 1882, gross, $2,210,688; net,

$905,303.

(V. 35, p.

117,305
1,877,300
349,562

1881.

1882.

$
156,878,669
f 12,755,754
) 16.375,055
2,563,360

$
15G,949,005

3,164,477
164,016

’-13.582,700

*18,537,972,552.213
•

X

199,545

185,572

106,178

231,122
t3,208,950

2,185,950
6,384,180

2,195,950
6,074,212

185,165,541

200,477,246

6,306,759
201,554,297
$
60,868,500

$

$

50,762.300

33,530,512

60,868,500
82.118,133
33,539,512

12,133,976

12,590,388

13,136,489

1,519,835
782,721
3,804.083

4,035,078

1842.743

780,766
6,544,808

10,531,911

200,477,246

201,554,297

82,623,114

in form

as

81,845,507
33,539,512

769,635

to the items ol

J The balance sheet for 1882 is changed
unfunded, debt.” The total of bills payable, Ac., amounts to $9,852.325; and is offset, by cash on hand, $1,609,660, company’s own stock
u

and bonds owned, $2,011,319, fuel and materials on
balances due from agents and from other roads,

hand, $2,768,437,
$2,620,165; total,

$9,009,582.
*

The items include stocks and bonds of other companies owned by the
Union Pacific. Of these the stocks and bonds of railroad companit s
amount at tlicir par value to $53,211,271.
—(V. 36. p. 170, 196, 212, 269. 282. 366. 454, 56!, C52; V.
p.

37,
4°,
191, 236. 268. 343, 447. 448, 510, 564, 679, 667, 687; V.

65, 68, 189,
38, p. 19,31,62,87. 116,

149.)

Utica Sc Black River.—Owns from Utica, N. Y., to Philadel¬
phia, N. V., 87 miles; leased lines to Morristown, N. Y., to Ogdensburg, to Sackctt’s Harbor and to Clayton. 93 miles in all; total oper¬
ated, 180.miles. The company has paid its rentals and moderate divi¬
dends for a number of years.
The income account for the year ending
September 30, 1883, showed a balance of $11,742 over all payments,
including 7 per cent dividends. The surplus of the c mpauy is chiefly
represented by advances to leased lines. The Ogdensburg extendon ia
doing well, and promises to be a good investment.
Operations and
earnings for three years past were as follows:
Div.
Passenger
Freight (ton,
Gross
Net
Mileage.
Mileage..
Earnings. Earnings. |». ct.
Years.
Miles
1830-81.
180
7,377,199
12,918,373 $693,170 $.’46,730
4
8.599,023 15,224,870
70f.,463
1*0
323.911
5.
..

..

.

8-7,407

180

285,410

7

-(V. 35, p. 762; V. 37, p. 718.)
Utica Chenango <V Susquehanna Valley.—Owns from Utica,
N. Y.. to Green, N. Y., 76 miles; branch to Richfield Springs, 22
miles; total, 98 miles. Road opened October, 1872. Leased to Delaware
Lackawanna A Western at 6 per cent on stock. Has no bonded debt.
Gross earnings, 1879-80, $541,616; net earnings, $261,873; dividend
payments, $240,000.

Gross earnings, 18tt0-81, $721,882; ma,

478; dividends. $210,000.

$317,-

Utica Clinton & Binghamton.—Owns from Utica. N.Y.. to
Smith’s Valley, N. Y., 31 miles. Opened June 22, 1872, and leased to
New York A Oswego Midland Railroad. The lease was transferred to
the Delaware A Hudson Canal Co., which pays the rental of $75,000 per
annum.
The road was operated by the Del. Lack. A West, till April 1.
1883.
Gross earnings in 1880-81, $123,409 r net, $534*03: gross in

$114,169; net, $09,085,
Capital stock, $636,235. Tsaao
Maynard, President, Utica, N. Y. (V. 36, p. 366.)
Utica Ithaca Sc Elmira.— Owns froln Elmira, N. Y.. to Cortland,
N. \\, 71 miles; leased, Elmira to Ilorseheads, 5 miles; total operated,
76 miles. This company was organized May 11, 1878, as successor,
of the U. I. A E. RR Co., which was foreclosed April 30. 1878.
Stock is $2,000,000. Gross earnings 1880-81. $142.989; net. $20,963;
1881-82,

FISCAL YEAK.

185,165,541

Total liabilities




Rate pev
Cent.

Bonds—Princi*

pal,When Due.

431.)

Total gross earnings
Operating Expenses—

Total

1882.

1880.
$

Passenger—Cash

Amount

Outstanding

253
1866 $1,000
394 1865-7
245
1869
1,000
34
1866
1,000
50 Ac.
427
1866
100
280
36 L, 1870
1,000
1871
75
1,000
105
1879
1,000
1879
138
1,000
37
415
1878
1,000
100
180
87
1871
500 Ac.
36
1874
16
ioo
98
31 ’66-’72 500 Ae.
1880
12
18-1
1879
1881
1881
1,000
26
100
5')
1872
1,000
1883
1880
24
1,000

Karoos Pac., 1st mort., gold, 140th to 393<l mile,
do
2d M.(to U.STGov.) on 394m.W. Mo.R.
dn 1st,394th to 639th in., l.g., 3,000,000 aos
do
1st mort., coup., (Leavenworth Br.)..
do
Income bds, coup., 3d M.on 427 miles

$29,158,061

notice of any error discovered in these Tables,

great favor by giving immediate

DESCRIPTION.
For

79

BONDS.

STOCKS AND

gross,

1881-32, $160,209; net, $5,328.

York City.

Valley (N. Y.)

Austin Corbin, President, New.

Railroad.—Owns from Binghamton. N. Y., to State

line of Pennsylvania. 12 miles.
Opened October, 1871
Leased to
Delaware Lackawanna A-Western at 8 per cent por annum on stock,
which was reduced iu 1882 to 5 per cent, the lessee assuming the interest
on bonds.
In 1880-81, gross, $330,841; net. $187,744. Dividends paid,

$60,000. Rental in 1831-82, $63,958. Samuel Sloan, President. New
York City.
Valley (Ohio). -Owns from Cleveland, O., to Wheeling Jnnef ion, O.,
76 miles, and 9k2 miles of small branches.
The temporary debt, and car

trust amount to $663,511.
lu 1882, gross, $367,737;

Earnings in 1881, $275,673; net. $116,798.
net, $176,494. Stock, $1,042,3 )2. (V. 35,

707.)
Valley (Va.)-Owns from Harrisonburg to Lexington, Vn.. 02 miles.
In 1883 it was extended from Staunton to Lexington, 36 miles. By
this and connecting lines under B. A O. control, the distance from Lex¬
ington is 213 miles to Baltimore and 217 miles to Washington. Oper¬
ated by Baltimore & Ohio, which has a largo interest in its securities.
Earnings, 1881-82, $56,772; net, $13,112. (V. 35.p. 603; V. 37, p. 502.)
p.

Vermont A

Massachusetts.-Line of road, Fitchburg to Green¬

field, Mass., 56 miles: branch, 3 miles. The road is leased to the Fitch¬
burg RR. for 999 years at 6 per cent. (V. 36,^>. 212, 652.)
Vermont Valley of 1871.—Owns from Bellows Falls to Brafctlcboro. Vt„ 21 miles, and by purchase of stock the Sullivan County
RR. from Bellows Falls to Windsor, Vf., 26 miles; total, 50 miles.
Con¬
trolled by Connecticut River RR. The. Sullivan County RR. stock is

deposited
of
are

as

collateral security for the above mort. bonds. Net revenue
ending March 31, 1883, was $159,882. Dividends
the stock of $1,000,000. and in Jau., 1881, 3 per cent

both roads year

pil’d

on

d cfared,
■4

•
'

STOCKS

RAILROAD

80
Subscribers will confer

a

BONDS.

AND

great favor by giving immediate notice of any error discovered In these Tables.

DESCRIPTION.

Date
Miles
of
of
explanation of column headings, Ac., see notes
on first page of tables.
Road. Bonds

For

Vicksburg <6 Meridian—1st mortgage
2d mortgage

140
140
140
354

3d mortgage,

income (uot cumulative)
Virginia Midland - Stock
Bonds, 1st series
do
do
do
do
do
Income

2d
3d
4tli
5th
6th

or
Par

$....

series

,

^

series
series
series
series

.

_

m

m

.

18-23.

1st mort. (Lake Erie, Wab. A St. L.)
1st mort. (Great Western of 1859)

1st mort.

$1,000,000

1881

1881

100
-

1881
1881
1881
1881
1881
1882
1874

(Quincy A Toledo)

107
i80
33

6
3 to 6
7

1,000,000
1,920,000
5,357,374
600,000
1,900,000
1,100,000
943,800
1,775,000

.

*6*

1,310.000
100
100

1.000

16,000,000

1,000
1,000

4,670.000

.

1880
1883
1880
1879
1880
1881
1881
1881

.

1,000
1,000
1,000

3,857,000
1,853,000
2,000,000

1,000
1,000

1,000
1,000

275,000
300,000
2.300,000
900,000
2,500.000
2,400,000

1,000

.

500,000

•

188!
1853
1853
1803
1805

1,000
1,000

m

m

New

•

6
6
6
7
5
5
6
6
7
7
0
7
7
7

York, Plock A Co.
do

April 1, 1921
May 1, 1921
June 1, 1921

do
do

'

do

m

Baltimore.
do
do
do
A S
do
A 8.
do
A J. N.Y.Cent.Tr.or Alex’d’a
Q.-F. San Fran., Bank of Cai.

M.
M.
M.
M.
M.
J.

A S.
A S.
A S.

g.

g.
g,

g.

g.

7

Mar. 1, If06
Mar. 1, 1911
Mar. 1, 1916
Mar. 1, 1921
Mar. 1, 1926
Mar. 1, 1931
Jan. 1, 1927
Aug. 1, .1889

'

....

1*2

1,210.000
340,900
4,500,000

100 Ae.

A. A 0.
M. A N.

m.'a‘s.

6
5 A 6
3-4-5
5
4 A 5
6
10

3,555,043
700,000
27,409,200
23,034,200

1,000
1,000

‘

■do
do

pal,^When Due.
Rate per
When Where Payable, and by
Stocks Last
Outstanding
Cent.
Whom.
Payable
Dividend.
Amount

Value.

1881

Bonds—Princi¬

INTEREST OR DIVIDENDS.

Size,

1881

bonds, cumulative
54
Virginia & Ti'uckee—1st M. (pay’blc $100,000 a year)
Wabash St. Louis & Pacific—Stoclr, common
3.518
Preferred stock, 7 per cent, (not cumulative)
3,518
General m ortgage, gold (for $50,000,000)
All.
Collateral trust bonds (for $10,000,000)
1st mort. bonds on Champaign Hav. A West
131
do
1st pref., convertible
131
1st mort. bonds on Chicago A Strawn
202
1st mort., gold, on Cairo Division
270
1st mort., gold, Detroit Division
112
1st mort., gold. Indianapolis Division
87
74
Indianapolis Peru A Chic.. 1st mortgage
Hav. Rantoul A East. 1st mortgage
75
1st mort., gold, Iowa Division
143
75
Wabash, 1st mort. (Toledo A Illinois)
do

[VOL xxxvm.

m

»

m

m

....

Q.-F.

J.
M.
J.
J.
J.
J.
J.
J.
J.
J.
M.
F.
F.
F.
M.

A
A
A
A
A
A
A
A
A
A
A
A
A
A
A

D N.
N.
D.
J.

J.
J.
J.
D.
D.
J.
S.
A.
A.
A.
N.

Nov. 15,1881
June 1, 1920

Y., Mercantile Tr.C^,
do
do
do
do
do
do
do
do
do
do
do
do
do
do

do
do
do
do
do
do
do
do
do
do
do
do
do
do

1913

Dee., 1910
July 1, 1909
July 1, 1910
Oct.

1,

1931

July 1, 1921

Jan. 1, 1921
June 1, 1921
1897
Mar. 1, 1921
Aug. 1, 1890
Aug. 1, 1890

Aug., 1888
Nov. 1. 1890

1

Vicksburg A: Meridian.—.line of Hoad.—Vicksburg to Meridian,
MiSB.
It is mainly owned and contioiled by tlie Alabama N. O. Tex. A
Pac. June.Co., and forms a part of the route of that company between
Cincinnati and New Orleans,wbicli was opened for business in Nov., 1883.

Tne company was unable to earn full interest, and reorganization was
made in 1881 with bonds as follows: $1,100,000 of first mortgage G
per cent, ft-rty years, gold bonds; $1,100,000 of second mortgage bonds,
with interest at 3 percent for two years, 1 per cent for two years, 5 per
cent for one year and G per cent for thirty-five years; $1,920,000 of
third mortgage income bonds, with interest at 7 percent, if earned ; and

preferred stock, $1,937,189; common stock, $3,957,100. Gross earnfor year ending March 31, 1883, were $495,851; net, $141,324.
-(V. 34, p. 205; V. 35, p. 20; V. 37, p. 09)

inss

Virginia Midland.—Line of Road.—From Alexandria to Gordousville, 88 miles; Warrenton Branch, 9 miles; Charlottesville to
Lynchburg, GO miles; Lynchburg to Danville, G6 miles; Pittsville
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of
which 49 miles leased to Balt. & Ohio); Front Royal Branch, 1 mile;
total owned, 347 miles. Leased, Orange C. H. to Charlottesville, 28
miles; Pittsville to Rocky ML, 30 miles: total leased, 58 miles. Total
owned and leased, 405 miles, of which 51 miles, Strasburg Junction
to Harrisonburg, is leased to the Baltimore & Ohio, leaving 354 miles
operated.
'
The Washington City Virginia Midland A Great Southern was a
consolidation (November, 1872) ot tlie Orange Alexandria A Man¬
assas and Lynchurg A Danville railroads.
The Orange Alexandria
A Manassas was a consolidation (June 1, 18G7) of the Orange A Alex¬
andria and the Manassas Gap.
The Washington City Virginia Mid¬
land A Great Southern was put into the hands of a receiver July 1,
187G, interest being m default, and was sold m foreclosure May 13, 1880.
and after litigation sold again Dec. 20, 1880.
Reorganized as Vir¬
ginia Midland, and bonds and stock issued as above.
The Baltimore A Ohio had large claims against the company for
coupons, and after reorganization
that company and the Garretts
sold their large interest, amounting to $3,00 >,0o0 in stock, to the Rich¬
mond A Danville Syndicate, the last payment being made in January,

Wabash St. Louis Sc Pacific.—(See

Map—Missouri Pacific System

Page 52 )—Line of Kou).-The number of miles of road operated, Deo.
31,1882, was as follows: East of the Mississippi River—Toledo to
East St. Louis, 430 miles; Decatur to Camp Point, 129 ; Camp Point to
Quincy, 22; Bluffs to Hannibal, 48; Maysville to Pittsfield, 0; Clayton
to Elvastou, 35; Edwardsville to Edwardsville Crossing, 10; Detroit to
Logausport, 214; Michigan City to Indianapolis, 101; Attica to Cov¬
ington, 15; West Lebanon to Leroy, 76 ; P. A D. Junction to St, Franeisville, 109; Vincennes to Cairo, 158; Bates to Grafton, 71; Champaign
to Sidney, 12; Hollis '
~
—
" '
Strentor

100; Ui
to Keokuk, 222; Hamilton to Warsaw, 5; La Harpe to Burlington, 20;
total east of the Mississippi, 2,267 miles. West of the Mississippi—St.
Louis to Kansas City,277 miles; St. Louis Levee to Ferguson Junction,
10; Centralia to Columbia, 22; Glasgow to Salisbury, 16; Moberij'to
Ottumwa, 131 ; Brunswick to Council Bluffs, 224; Roseberry to Clarinda,

21; N. Lexington to St. Joseph, 77; West Quincy to Trentou, 136; Kec-

kuk to Humeston, 131; Relay to Albia, 24; Dcs Moines to Fonda, 115;
Alina to Des Moines, 67; total west of the Mississippi, 1,252 miles.
Grand total east and west, 3,518 miles, of which 808 m. were leased roads

Organization, Leases, Ac.—In April, 18^3, the Wabash St. Louis A

Pacific was leased for 99 years to the St. Louis A Iron Mountain (and
thus to tlie Missouri Pacific), on the general basis of paying over to the
Wabash its net earnings each 3rear. The St. Louis A L Mt. also guaran¬
tees the collateral trust bonds.
The Wabash St. Louis A Pacific was
formed Nov. 7, 1879, by a .consolidation of the Wabash and the St. Louis
Kansas City A Northern roads and their branches. The Walmsh Com¬
pany-was organized Jan. 1, 1877, as successor of the Toledo Wabash A
Western, which company was formed June 25, 1850, by a consolidation
of several companies, and defaulted on its’inter* st in 1875 and was fore¬

closed June 10, 3 876.

The St. Louis Kansas City A Northern was
formed in 1871 as successor of the North Missouri Railroad, which was
sold in foreclosure August 20, 1871.
The following roads are held under leases, viz: Eel River, Toledo
Peoria A Western, Boone County A Bonneville, St. Louis Ottumwa A
Cedar Rapids, St. Joseph A St. Louis, Brunswick A Chillicotlie, St. Louis
1883.
! Council Bluffs A Omaha, Quincy Missouri A Pacific, and Missouri Iowa A
Of the above bonds, tlie first scries is a first lieu between Alexandria
and Gordonsville, including lease of Charlottesville A Rapidan Railroad Nebraska, in all 808 miles of road. The facts in regard to the leased lines
are eoudens* d from the company's report for 1882 and Poor's Manual, as
and the Warrenton Branch; t lie second series is a second lien between
follows:
The rentals of the several lines contained in the tabular
Alexandria and Gordonsville. including Warrenton Branch and lease of
statement amount to $002,525. In addition the company leased a con¬
•Cbailottesville A Rapidan RR., and a first- lien between Charlottesville
siderable number of short lines and parts of lines belonging to other
and Lynchburg; the third series is a third lieu between Alexandria and
•Gordonsville, including Warrenton Branch and lease of Charlottesville

.& Rapidan RR., and a second lien between Charlottesville and

Lynch¬
the fourth series is a fourth lien between Alexandria and Gordous-ville, including Warrenton Branch and lease of Charlottesville A Rapidan
RR., and a third lien between Charlottesville and Lynchburg; the tilth
aeries is a first lieu between Manassas Junction and Harrissouburg, in¬
cluding Front Royal Branch and lease of road from Strasburg to Harrisaoulmrg to the IJ. A O. RR., and a liftu lien between Alexandria and
Gordonsville, including Warrenton Branch and lease of Charlottesville
A Rapidan RR., and a fourth lien between Charlottesville and Lyneht)urg; the sixth series is a first lien between Lynchburg and Danville,
including Pittsville Branch and lease of Franklin A Pittsylvania RR.,
and a sixth lien on lease of Charlottesville A Rapidan Railroad.
The $3,555,000 income bonds were issued to retire 1st and 2d preferred
«tock, every 10 snares of preferred to be entitled to exchange for 10
-shares of common and a $1,000 income bond. The company issued
additional common stock, making the total as above.
The afmual report for 1882-83, showed the following balance sheet

burg;

Sept. 30,1883:
Dr.

•Capital stock

$0,000,000

Mort. and inc. bonds..

Bilks

payable.

Accounts

payable
-Pay-rolls (SeptembT).
Interest unpaid
Connecting lines, Ac.

Profit and loss

11,184,443
105.281
35,307
47,107
157,998
154,901
34,814

Cr.
Road and property ...
North Caro. Midland

Rft. stock

Supplies on baud
Connecting lines, Ac..
Casii in banks
Cash with agents, Ac.

$17,739,174 [
Earnings for the years ending September 30
Miles.

’1880-81

Gross earnings.

$1,301,079

58,702
27,429
269,160
79,587
41,302

$17,739,474
were:

Operat’g exp’ses. Neteam’gs.
$765,714
$595,982

405

564

’

'

i.U

Virginia Sc Truckee.—Reno, Nev., to Virginia, Nev., 52 miles;
branch line, Silver Junction to Silver City, 2 miles; total, 54 miles.
The bonds are payable $100,000 per year. Gross earnings in 1881 were
*014.271 ; net. $394,504.
In 1882 gross earnings, $741,045; net,
*287,518; dividend payments, $97,pOO. While the nominal stock is
$6,000,000 the reports say That the amount of paid-up capital is not
known in consequence of the destruction of the hooks by tire several
years ago.
D. O. Mills, President.




Amount of

Description.
Logausport to Butler, Ind.-

Annual

Principal. Rate. Charges.

,

Eel RiverRental interest on $2,792,000 stock: 3 per
cent for 2 years, 4 per cent for next 3,
4 ^ per cent after, payable quarterly, be¬

ginning Mar
Also interest on $140,000 mortgage bonds.
These bonds are being retired.
Amount
now

$17,263,227

1,515.740
945,110
570,629
1,004,204
998,494"
695,709
In 1882-83 $119,908 in addition to above expenses were spent for con¬
striction, Ac. (V. 35, p. 449, 704; V. 30, p. 138, 140,332; V. 37, p.

U

companies. The principal amounts to he annually paid on such leases
$96,000 to tlie Chicago & Western Indiana Co. for an entrance into
Chicago; $48,000 to the Hannibal A St. Joseph RR. Co. for use of bridge
at Kansas City; $30,000 for use of the Burlington bridge and the C. B.
A Q. track from Iowa to Burlington; $22,000 to the C. B. A Q. RR. Co.
for track from Camp Point to Quincy; and $45,000 to the Peoria A
Pekin Union RR. The total amount of rentals paid in 1882 for lines not
included in the table below was $325,083 ; the total paid (uot including
the St. Louis lnidge) was $987,608.
L:st of obligations on principal leased lines:
Total
are :

$2,792,000

4

$111,680

28,000

7

1,960

outstanding (interest quarterly F.,

M., A. A N.)
Also $1,200 per annum for keeping organi¬

zation
;
Tol. Peoria A West.—State

1,200

Line, Iud., to Bur¬
lington, Hamilton and Warsaw, IllRental 30 per cent of gross earning^ In
ail}’ event to equal interest on first in^’t.
bonds T. P. A W. Ry. Interest quarterly
beginning January
Int. on lstpref. income bonds T. P.AW.Ry.

315,000

4,500,000
1,189,000

47,560

Boone Co. A

Booueville-Centralia to Col¬
umbia, Mo.—
Rental of 7 per ct. per annum on $100,000.

Payable May and November

100,000

7

7,000

April and October

322,500

7

22,575

571,000

7

40,000

304,500

6

18,270

St. L. Ott. A Cedar Rapids-Coatsville, Mo.,
to Ottumwa, IowaRental of 7 per cent on $322,500. Payable
St Jo. A St. L.—No. Lexington to St. Joseph—
Rentai 30 per cent of the gwss earnings, at
a minimum of $25,000 per aunum.
Pay¬
able March and September
Bruuswiek A Chillioothe—Brunswick to Cliil—

licothe, Mo

—

Rental to lie interest on $304,500: 4 per
cent ner annum for 3 years, 0 per cent for
19 yahrs, 8 per cent for 3 years. Interest

payable February and August

Pbbbuabt,

KAILROAD

1884. J

golMcrlbers will confer a great

favor by giving immediate notice of any error

Ac., see notes

of tables.

Louts <t Pacific— (Continued) —
Wabash, 1st mort. (III. A So. Iowa) extended
do
2d mortgage (Toledo & Wabash)
do
2d mortgage (Wabash & Western)
do
2d mortgage (Great West, of 1859)

Wabash St.

Consol. M., (onall but Dec. A E St.L.)..
1st mort., (Decatur A E. 8t. Louis)
Funded debt bds (sec.by dep’sit of coups.)
Mort., gold, sink. fd. $25,000 after ’82..
Hannibal & Naples, 1st mortgage
St* L.K. C. A No., 1st mort. (North Missouri)
do
real estate A railway 2d mort....
do 1st & 2d M.ou St. Char. Bridge,coup.orrg
do 1st M., Omaha Div., gld, s. f., coup.or rg
do 1st mort., gold, Clariuda Branoh
Toledo Peoria A West., 1st mortgage
do
1st pref. income, couv., int. guar..
do
2d pref. income bonds
Qulncv Mo. A Pacific, 1st mort., gold (int. guar.).
Peoria Pekin A Jacksonville, 1st mortgage
do
do
do
do

•

Centrev. Moravia A Alb. RR., 1st mortgage
Chicago Cincinnati & Louisville, 1st mortgage...

Rive)—Stock (guaranteed)
Wai'rcn (If.J.)—Stock
2d mortgage, now 1st
Ware

mortgage. .
fWashington Citu tC* Pi. Lookout—1st
1st consol.

1st mort

.

gold (for $2,000,000)

Date Size, or
Par
of
of
Road. Bonds Value.

Miles

explanation of column headings,
on first
page

discovered in tbese Tables.
Bonds—Princi¬

INTERE8T OR DIVIDENDS.

DESCRIPTION.
For

81

BONDS.

AND

STOCKS

M. bonds gold.

29
75
167
180
490

109

50
354
354

146
22
237

i*36
83
24
73

1862
1853

1858
1865
1867
1869
1877
1879
1879
1865
1874
1878
1879
1879
1880
1880
1880
1879
1864

1867

49

18
18
18
12

1855
1870
1875
1873
1880

Amount

Outstanding

250 Ac.
100 Ac.

1,000
1,000
500 Ac

1,000
1,000
1,000
1,000
1,000

1,000
1,000
1,000
1,000
1,000
500 Ac.
500 Ac.
100
100
.

.

.•mm

6
7
7
7

7
7
6 A 7
2.938,453
7 g.
1,600.000
7
500,000
7
6,000,000
7
3,000,000
1,388,500 6 A 7 g.
7 g.
2,350,000
6 g.
264,000
7
4,500,000
4
1,190,000
7
385,000
6 g.
1,204,000
7
1,000.000
6
400,000
7
1,000,000

2,610.000
2,700.000

1,000

•

$300,000
1,000,000
1,500,000
2,500,000

$500Ac.

•

Rate per
Cent.

1,800,000

3*a
3*2

750,000
600,000
540,000
1,030,600

7
7
6
6

750,000

When [Where Payable,

Payable-'

pal,When Due.

and by

Whom.

Stocks—Last
Dividend.

N.Y., Mercantile Tr. Co. Aug. 1, 1912
do
do
May 1. 1893
*
do
do
May 1, 1893
do
do
May 1, 1893
do
do
Feb., 1907
Q.-F.
do
do
Aug., 1889
F. A A.
do
Feb. 1, 1907
do
F. A A.
do
do
\. A 0.
April 1, 1909

F. A A.
M. A N.
M. A N.
M. A N.

A
A
A
A
A
A

J.
J.
M.
A.
A.
F.

Q.-J.
J.

A J.
-

J.
J.
J.
J.
J.

•

A
A
A
A
A
A. A
A. A
M. A
J. A

do
do
do
do
do
do
do
do
dc '
do
do
do
do

do
do
do
do
do
do
do
do
do
do
do
do
do

D.
J.
S.
O.
0.
A.

•

1909
Jily 1, 1895
Sept. 1, 1895
June 1,

1903-1908

April 1. 1919
Aug. 1. 1919
Oot.

1917

1,

Oct. 1, 1909
J.
J.
July 1, 1894
J.
J.
Jan., 1837
J. Boston, Bost.A Alb. RR. Jam 1, 1S84
Oct.. 1883
O. N.Y., Del.. L. A W. RR.
do
do
O.
April 1, 1900
March 1. 1905
do
do
S.
1903
D. Baltimore. Balt. A O.RR.
Nov. 1, 1900
-

>

1
Tot. An’l

Amount, of

Description.
C. B. A Omaha—Chillicothe to Patlonsburg, Mo.—
Rental to be interest on $620,000: 4 per

Principal. Rate. Charges.

Bt. L.

cent per annum

after.

for 5 years, 6 per cent

Interest January an t July.

Pacific —W. Quincy to Milanof $600,00 > or more.
earnings" less tiian
$600,000 and not less than $400,000, 25
per cent; and upon earnings less than
$4 >0,000, 20 t er er.
In any event inter¬
est upon the bonds to be pant aud deficit
made up by Wabash Company. Interest
payable January and July

$026,000

with an increase of 622 miles in the average length of roa 1 operated.
Notwithstanding this gain in the profits of our lines, the interest chargee
and rentals have increased iu a larger ratio, and the consequence of this
disproportion is a less satisfactory statement than we had anticipated.
At the date of our last annual report, Dec. 31, 1881, the total length of

road operated was 3,348 miles, while at the close of 1882 it was 3,518
$25,040 miles, an increase of 170 miles during the year. In point of fact this
additional mileage, consisting mainly of the St. Louis Jerseyville A
Springfield, the Des Moines A St. Louis, and the extension north of Des
Moines, Iowal was not operated until late in tho year, and the lines
referred to can hardly be said, even now, to be fairly under way. The
operations of tho road have therefore been, practically, upon the 3,343

4

Quincy Mo.

Rental: upon earnings
30 per cent: upon

miles stated at the close of 1881.’ *
*
“
During the year the sum of $3,014,012

1,204,000

6

72,240

has been expended for new

construction. Embraced in this charge is the sum of $377,327 for the
St. Charles bridge over the Missouri River; $161,500 towards the coin

pletion of the Hiimoston A Saenandoah Road, aud $966.20:) for car
trust
obligations. These expenditures
$11,637,000
$662,525 deredand other rolling stockfinish ircw lines commenced in thewere ren¬
previous
necessary in order to
Joint obligations with the Missouri Pacific Railway Co. on account of year, but the requirements of the current year will be comparatively
the lease of the St. Louis Bridge A Tunnel Railroad, dated J uly 1,1881, are small. The floating debt of the company is almost entirely the result of
stated under the title of that company. The earnings of the bridge and these construction payments, but the company owns securities, consist¬
tunnel are not included in the earnings of the Wabash Si. Louis A Paoifie ing mainly of bonds and stock, valued at $3,667,696, available for tho
Railway, bui are applied to pay the rental, and have thus far been more liquidation of the floating debt and future requirements.”
tlidii sufficient.
The comparative statistics for three years are as follows:
ROAD AND EQUIPMENT.
The CYmreV. Mor. & Albia is leased in perpetuity; rental, interest on
1881.
1882.
1830.
bonds. The Des Moines Northwest, is leased for 99 years from Feb. 28,
2,471)
3,518
3,348
1881: rental, interest on bonds, any surplus of net earnings after such Total miles operated
>NS AND FISCAL RESULTS.
payment to go to stockholders. The Dos M. A St. L. RR. is leased in per¬
1882.
1880.
1881.
petuity; rental, int. on bonds. All these roads arc practically the property
Operations—
of the W. St. L. & P. RR. Co., aud preserve merely a nominal oxistence.
4,251.393
3,215,200
1,992,763
Passengers carried
166,198,560
The Toledo Peoria A War. company made default Dec., 1873, anu was
137,114,727
97.774,576
Passenger mileage
2-373 eta.
2 398 cts.
2-238 ots.
operated by a Receiver until sold in foreclosure on Jan. 20, 1880. It Rate per passenger per mile
5,911,012
was purchased by a committee of bondholders for $6,000,000, and re
5.393,917
4,533,187
Freight (tons) moved
1,105,783,399 1,149,774,547 1,217,611,320
organized as Toledo Peoria A Western. This company made a lease for
0-951 cte.
0 928 cts.
the term of its charter to the Wabash St. Louis. A Pacific on terms as
0-862 cts.
Av’go rate per ton per mile.
$
$
follows, viz.: That tho^ Wabash Pacific guarantee 7 per cent on the
$
Earnings—
3,914,520
3,067,989
$4,500,000 first mortgage bonds of the Toledo Peoria A Western
2,344,452
Passenger
The $2,900,000 income bonds to be guaranteed
11,885,226
10,667,906
9,532,334
at 4 per cent Freight
731,894
1,021,943
and to be convertible at par for Wabash St. Louis A Pacific common Mail, express, Ac
551,326
stock. The $1,000,000 second preferred income bonds were also convert¬
16,851,689
14,467,789
12,428,112
Total gross earnings....
ible into Wabash preferred stock, share for share. The stock of the
11.664.752
10.792,943
7.787.349
Total operating exp’ses
Total

..

Toledo Peoria A Warsaw was sealed 25 per cent common, 30 per cent
second preferred and 50 per cent first preferred, each
receiving this amount in new stock of the Toledo Peoria A Western
stock. The Toledo Peoria A Western stock ($3,000,090) was changable
Into Wabash common stock, three shares for one.
Stocks and Bonds.—Preferred stock has a prior right to 7 per cent
(uon-cumulative); then common to 7; then both share in any surplus.
Prices of stock since 1879 have been : Common in 18 SO, 26V2>48 ;
in 1881, 38*4 0,60; in 1882. 233s® 39 V, in 1883, 15®36*4;
to Feb. 16.12*s®19%.
Preferred in 1880, nItySSSV i 1881.64*4®

shareholder

in 18>*4

96*ij; in 1882,

in 1883, 29*e®57V in 1881 to Feb. 16,

24*4® 32.

Central Trust
all
otter
them, and reserves $33,000,000 for that purpose; and the bonds so taken
up are not canceled hut remain in the hands of the trustees as the prop¬
erty of the trust.
The mortgage may be foreclosed after six mouths
default of interest, if a majority in value of all the bondholders so
request the trustees. First mortgage on St. Charles Bridge is for
$1,000,000, and is 6 per cent, now, running absolutely till 1908.
The trustees of the general mort. for $50,000,000 are the
Co. of N.Y. and James Cheney of Indiana. It provides for taking up
the old bonds as they mature, or by exchange at any time the holders

The amount of funded debt bonds of 1877, due 1907 as above given,
includes the scrip certificates for coupons funded aud deposited in trust,
which certificates amounted January 1, 1883, to $1,014,453, aud are

exchangeable into the boi#ls. If not exchanged the certificates fall due
with the principal of the bonds from which coupons were cut.
The old Toledo A Wabash- equipment bonds of 1862 ($600,000) were
decided in March, 1883, to he a lien against this company, with interest
since 1874, making about $1,0 0,0J0; but this is yet in litigation. The
collateral trust bonds of 1883 ($10,000,000) were issued for floating debt,
Ac., and $ J,000,000 reserved to take up car trust cert’s as they mature.
Operations, Finances, Ac.—The Wabash St Louis A Pacific extended
its lines very widely in the years 1879 to 1882 (under the presidency of
Mr. Solon Humphreys), by the acquisition of branch and connecting
roads, and thereby assumed heavy liabilities. Although the earnings
have increased largely, the annual liabilities have so far been in excess
of the net profits. The roa l is operated in close connection with the
Gould Southwestern system running into St. Louis, and the formal lease
to the St. Louis A Iron Mountain Company places the Wabash in com¬
plete control of tho Missouri Paoiflc. The economy in management to
be secured by this lease can not be known till the report for 1883 is
issued—probably about May, 1884.
The annual report for 1882 was published in the Chronicle, V. 36, p.
338, and the following is an extract: “ The net result of the year was
»deficit of $583,022 below the amount required for interest, rentals
and charges of every kind, which, with the deficit of 1881, makes a
total deficit in profit and loss acoount of $2,035,880. The main report
to by Mr. A. L. Hopkins, Vice-President, and he gives a plain, intelligent
and candid statement of the affairs of the company. He says: ‘ The
act earnings show an Increase of $1,512,092 over those of the year 1881,




Net earnings
Per ct. of expeus to earn—

62"65
STCOME ACCOUNT.
1880.

1882.

$

277,245

328.760

3,952,091

5,515,697
$

$

$
483,255

1,009,079

987,608

2,657,360
514,569

Ac.

3.447,627
637,504

4,302,006
809,105

3,655,184

6,424,128

6,098,719

sur.1,019,180 dcf.2,472,037

def.583,022

1.329,918
....

GENERAL BALANCE SHEET

(CONDENSED) AT CLOSE OF EACH FISCAL YEAS.

Assets—

RR., b’ldings, equipm’t, Ac.
Securities A prop’ty on hand
Materials, fuel, Ac
Construction, Ac., for year..
Income account
Total
Liabilities—

Stock, common
Stock, preferred
Funded debt (see Sup’mknt)

Income acoount

1881.

33,601

Total disbursements
Balance, surplus or deficit.,

Sundry balances*

69-22

5,186,937

receipts

Bills payable
Loans payable

5,186,931

74-59

4,674,364

Net earnings

Total income
Disbursements—
Rentals paid
Interest on debt
Taxes, rout of ears,
Dividends

3,674,846

$
3,674,846

$
4,640,763

Receipts—
Other

4,640,763

1830.

$
83,923,952
286,119
873,875
3,116,529

18^1.

1882.

107,651,815
435,862

$
113,285,929
8,667,697

1,212,245
11,578,866
1,452,858

700,404
3,044,013
2,035,881
127,733.924

88,200,475
$

122,338,616
$

21,614.500
20.453,000

26,921.506
23,033.200

42,094,858

06,291,858

$
27,140,500
23,031,200
70,937,854

336,703

355.466

239,057

2,682,234

1,500,000
4,236.622

3,037.000
3,345,313

1,019,180

127,733,924
Total liabilities
88,200,475 “122,338,646
*
Includes audited vouchers, iut. aeer’d, int. not due, unp’d taxes. Ac.
—(V. 35, p. 52. 95. 266. 706. 763*764: V. 36. p
400. 427. 445. 561, 724; V. 37, p. 392; V. 38, p. 178..)

254,301,327, 3SS,

Ware River,—Palmer, Mass., to
is teased for 999 years to tho Boston
per cent per annum. J. A. Rumrill,

Winohendon, Mass., 49 miles.

A Albany Railroad at a rental

President, Springfield, Mass.

It

of 7

Warren, N. J,—Line of road, New Hampton Junction to Delaware
Bridge, N. J., 18*4 miles. The road is leased to Delaware Lackawanna
fc Western at 7 per cent on stock and bonds. Gross" earnings, 1881,
$593,234: net. $315,274; 1832, gross, $181,935; net, $255,194. John
I. Blair, President. Blairstowu, N. J. (V.
p. 611.)

Washington City & Point Lookout.—Hyattsville, Md., to
extended. This road was opened in

Shepherd, Md., 13 miles, and to be

82

RAILROAD STOCKS AND BONDS

Subscribers will confer

a

Date
Size, or
of
Par
Road. Bonds Value.

first page of tables.

186
38
63
128
34

?d mort..guar.byCent.of Ga.and Ga. RR. AB.Co.

160
138
90
90
90
90
90
90
90

1880

500Ac.
500 Ac.
500 Ac

1,000
100 Ac.

1868
1870
1873
1858

1858

....

1,000
1,000
100
500
500
500
500
500
500

Rate per
Cent.

Outstanding

$50
1866
1869
1879

~44

Western dt Atlantic (Oa)—Income bonds
Western Maryland—lstmort., endorsed Balt. City..
1st mortgage, unendorsed
2d
do
endorsed by Baltimore
2d
do
endorsed by Washington
2d preferred mortgage, unendorsed
3d mortgage, endorsed by Baltimore

Amount

of

West Jersey—Stock
1st mortgage loan
1st
do
consolidated
Consolidated mortgage
West Jersey rf Atlantic—1st mortgage
Pleasantville & Ooean City
Western (Ala.)—'Western KR. bonds, before consol..

Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.

$1,441,750
1,000,000
1,000,000

3
6

7

747,000

6
6
6
8

466,000
80,000'
600,000
1,171,000
513,000
200,000
400,000
300,000
300,000
600,000
875,000
1,000,000
546,000
850,000

8
10
6
6
6
6
6
6
6
6
7
6
6
6
5

When

Where

Payable

Payable, and by

Dividend.

M. A 8. Phila., Pa.RR.Co. Office
J. A J.
do
do
A. A O.
do
do
M. A N.
do
do
M. A S. Phila., Fidelity I. T. Co.
J. A J. Phila., Phil. A R’g Office
A. A O. N. Y., Nat. Cityllank.
A O.
do
do

Q-J.

County

.

•

•

1867
1867

J.
J.
J.
J.
J.
J.
J.

A
A
A
A
A
A
A

J.
J.
J.
J.
J.
J.
J.

1868

1870
1872

1880

.

130

•

•

•

189

1881

1,000

57
28

1863
1865
1883

500 Ac.
100 Ac.

Registered bonds

White Water— Stock ($325,000 of it pref.)

65

Wheeling <£• Lrikc Eric.—1st M., gold ($15,000
2d

•

A
A. A
J. A
J. A

p.

1,000
....

1879
1882

mortgage

Wilmington Columbia £ Augusta—Steels.

227

1st mortgage

•

Wilmington d> Northerni—Stock
Wilmington c£ Weldon—Stock

m

•

1,000

....

m.)

N.
S
J.
D.

79

...

180

...

....

Sterling bonds

....

100

4

J. A D.
M. A N.
J. A J.

2,550,000

2,280,000

900,000

1,600.000
1,278,050

2,082,400 f
221,400
936,000

....

Sinking fund bonds, gold

....

....

It is leased to the Baltimore & Ohio for $36,000 gold per
The stock paid in is $1,000,000. Same olticers as Baltimore A
Ohio Railroad.

1873.

annum.

Oct'*1.'1888

Oot. 1, 1890
Atlanta, Co.’s Office.
Oct. ’79 to ’91
Balt., N. Mechanics’ B’k Jan. 1, 1890

D.

M.
M.
J.
J.

Oct.. 1899

Nov., 1909
Sept. 1, 1910

do
do

do
do

J.

O.
J.

Jan.

do
do
do

7 g.

7g-

A
A
A
A

1, 1890

Jan., 1895

Hagerstown, Md.
Balt., N. Mechanics’ B’k

Jan., 1895
Jan., 1895
Jan., 1900

do
do
do

Jan., 1902
1890

May 1, 1890

Jan. 1, 1911

Pliiladelphia, Penn. RR. April 1, 1893
do
do

do
do

Jan. 1, 1896
June 1, 1923

1,300.000

....

....

1880

e>

800,000
1,000,000
2,500.000

Sept. 15,1883
Jan., 1896

J.

6 g.
7
3
6

3,100,000

Stocks—Last

Whom.

118870--329032 1188779--900 180-32.;
'

4th
do
endorsed by Baltimore
Funded coupons
Western North, Carolina—1st mortgage
Consol mortgage
Western Pennsylvania—1st mortgage
1st mortgage, Pittsburg Branch

H

INTEREST OR DIVIDENDS.

Miles

For explanation of column headings, Ac., see notes

K

xxxvmi

great favor by giving Immediate notice of aiiy error discovered In these
Tables.

DESCRIPTION.
on

vol.

N.

Y., C. K. Garrison.

Nov. 1, 1909
1912
Jan. 10,1884

Baltimore.

N. Y. and Baltimore.

June, 1910
Jan. i5,’i884
1886
1896

London.

N.Y.,Bost.,Loud.,Frank

540; against $173,613 gross and $35,800 not in 1882.
000. (V, 35. p. 103, 298,374.)

.

Stock, $4,000.-

Western Pennsylvania.—The road runs from Blairsville to Alle¬
ghany City, Pa., 03*2 miles; branch to Butler, Pa., 21 miles; total, 84*3
Bridgeton, Riddleton and Sea Isle, 117 miles; leased lines, 35 miles; miles. Completed in 1865 and branch in 1870. A new lease to the
West Jersey A Atlantic RR., 34 miles; total, 186 miles operated.
Pennsylvania Railroad for 30 years was made in 1883, and an issue of
Gross earnings for ten months of 1883, $1,071,155, net, $423,022; $5,000,000 consolidated bonds was authorized. The
Pennsylvania Rail¬
against $968,093 gross and $429,307 notin 1882. The annual report lor road. lessee, owns $993,050 stock out of the total amount of
$1,022,450,
1882 was published in the Chronicle, V. 36, p. 534, Income account $288,000 of branch bonds. In 1881 net
earnings were $166,954; in
for two years is as follows:
382, $216,965. (Vr. 35, p. 393; V. 36, p. 611.)
West

Jersey.—Main line and branches—Camden to Cape May,

1881.

Receipts—
Net earnings..
Other receipts.

1882.

$988,525

.

$1,109,410

427,572

.

454,667

3.074

c

7

$454,667

Pisbursements-

.

..

3.
..

Rate of dividend.

$33,034

$33,034

175,726
53,034

177,118

54,390

•

4 p.o.

57,775
82,807
6 p. 0.

$316,184
$350,734
114,462
103,933
534; V. 37, p, 480, Oil; V.
.

.

38, p. 149.)

West Jersey Ac Atlantic.—Nowfleld, N. J., to Atlantic Citv. N. J.,
34 miles; Pleasantville A Ocean City RIt., 7 miles; total, 41 miles.

Opened June 17, 1880, and operated by West Jersey Railroad on a
joint traffic agreement and 25 per cent of gross receipts on West
Jersey from traffic of this road to be applied to any deficit in interest
and then as sinking fund for bonds purchasable at 105, or drawn if
that. In 1882 net earnings were $57,408.
Four per cent dividend paid in January, 1884.

over

Western Alabama.—Line of Road

Stock is $628,300.

Selma to

Opelika, Ala., 116

miles; brunches, Opelika to West Point, 22 miles; total, 138 miles, of
which 50 miles is leased to Louisville A Nashville for $52,000 per
Was a consolidation in 1870 of Montgomery & West Point and
annum.
Western of Alabama. Sold May 10,1875, in foreclosure and purchased

jointly by the Georgia Railroad and Central Railroad of Georgia. The
wiped out in the foreclosure, and the
property is represented by the bonded debt and $846,000 due each of the
above companies. There are also $32,000 second mortgage 8s of Mont¬
gomery A West Point RR. due May 1, 1888. The gross and net tarn
lugs have been as follows:
Gross
Expenses and
:pc
Net
Miles.
Taxes.
Earnings.
EarniDgs
167
$367,454
$544,107
$176,652

rold stock and income bonds were

167
150
117
88
88

c

l

579,492

679,746
692,911

494,539
491,576

395,498
402,797
376,757
290,302
258,860

183,991
276,949
316,154

152,237
232,716

1882-83
—(V. 36, p. 332.)
Western Ac Atlantic.—Atlanta, Ga., to Chattanooga, Tenn., 138
miles. Built by State of Georgia and opened in 1850, and by an act of
October 24,1870, was leased to a company for twenty years at a monthly
rental of $25,000. In 1881 gross earnings were estimated at $1,500,000,
and net. $600,000; rental. $300,000; surplus, $300,000. (V. 35, p. 133,
291.)
Western Maryland.—Link of Road—Baltimore to Williamsport,
Md., 90 miles; Emmitsburg Branch, 7 miles; Edgemont to Slnppens

burg, Pa., 34 miles; total, 131 miles. Tho capital stock is $682,050.
oompany was largely assisted by tho city of Baltimore, ana
was unable to pay all its
interest. A compromise was made with
the preferred second mortgage bondholders for funding coupons.
The

The Baltimore A Hanover RR. was completed to its connection with
this road in 1880. The Western Maryland operations for live years
have been as follows, but in 1878-79 the construction account was
closed and ull expenses charged to operating expenses, on which basis

earnings have since been relatively decreased.
Not
Passenger
Gross
Freight
Miles.
Mileage.
Mileage.
Earnings. Earnings.
7,278,431
12,277,592
Ill
$461,871
$85,952
J 75.65
124
13,401,848
9,172,272
540.148
12,876,711
16,201.680
131
651,163
254,175
—(V. 34, p. 85 ; V. 35, p. 457, 694.)

net

y.

if

Western Nortli Carolina.—Owns from Salisbury* N. C., to Paint
Rock, Tennessee State line, 190 miles; Asheville to Pigeon River; 20
miles; total, 210 miles. Thu road was financially embarrassed, and was
purchased April 17, 1875, by commissioners for the State of North
Carolina, and subsequently finished by the Richmond A Djmville Ter¬
minal Railway A Warehouse Company, and is operated as a part of tlio
Richmond A Danville system. It Is proposed to complete the road to
Cleveland, Tennessee. In 1881-82 gross earnings, $218,934 ; net, $28,-605. For seven months in 1883 gross earnings were $268,115, net, $96,-




White

Water.—Valley Junction, O., to Cambridge City, Ind., 65
was formerly the White Water
Valley, sold in foreclosure
May 2,1878, and reorganized under this title. Gross earnings in 188283, $L04,234; deficit, $5,979. Elijah Smith, President, Boston, Mass.
miles.

This

Wheeling; A: Lake Erie.—Road under construction—Wheeling. W.

Va.,

Toledo, O., 205 miles, and branch, Norwalk to Sandusky, O., 21
In 1883 168 miles were in operation from Toledo to
Valley Junc¬
tion, O., and the branch from Norwalk to Huron, O. Bonds offered in
New York, July, 1880 by N. Y. New England A Western Investment
Jo. Stock, $4,590,000. A consolidation was proposed in 1882 with the
Cleveland A Marietta road, Commodore Garrison in New York has been
largely interested in this road. Oliver Garrison, President, Toledo, O.
—(V. 35, p. 23, 71, 103, 162; V. 36, p. 560.)
co

miles.

Wilmington Columbia Ac Augusta.—Owns from Wilmington,
Leased jointly. Lane, 8. C., to
Sumter, S. C., 38 miles. Total operated, 227 miles. In 1880-81 there
was expended $42,000 out of earnings for locomotives.
Paid 3 per
cent dividends for i880 and 1881.
Road was sold in foreclosure, October, 1879, for $860,500, and re¬
organization is in progress.
The scheme of reorganization (which was
carried out) provided that a new corporation should bo created, with a
capital stock of $960,000 and $1,600,000 in thirty-year first mortgage
bonds. The holder of $2,000 of the old oonds, together with the certiflcatcs for funded interest, received a $1,000 bond of the new
company,
N. C., to Columbia, S. C., 189 miles.

and in addition six shares of stock.
The fiscal year ends Sept. 30. The report for 1882-3 sa d: “ There has
been an increase in passenger receipts amounting to $25,734. and in

through freight transportation of $4,831. ' In local transportation a
decrease of $26,153. This latter decrease is due to a diminution of rates
more than any other cause, and at one time there was an indication that,
there would have to he a still further decrease of rates. The deficiency
lias been made up in through freight and passenger servico, principally
‘fill rough’ travel. The Central Railroad of South Carolina lias earned

$94,190. After paying rental and deducting all expenses, there has been
divided between this road and the Northeast. Railroad Company the sum
of $1,502 as the profits since April, 1882. The road is in first-rate con¬
dition.”

Earnings have been:
Years.

Gross Eam’gs,

Net Eam’gs.

$547,446
640,956

1831-82
1882-83...

692,628
718.599

;.r

$145,423
135,917
139,592
205,291

-(V. 33, p. 6S6; V. 35. p. 657; V. 37, p. 555, 717.)

Wilmington Ac Northern.—Owns from Wilmington Del., to
Reading. Pa., 72 miles; branches, 7 miles; total owned 79 miles.- This
company was organized Jan. 18, 1877, as successor to the Wilmington
A Reading RR. Co., which defaulted on its interest and was sold in fore¬
closure Dec. 4, 1876.
Mas bonds amounting to $122,700 in several
small issues. Earnings m 1881 $325,012; net, $66,761. In 1882,
gross, $339,092; net, $75,004. (V. 36, p. 591.)
Wilmington Ac Weldon.—Road extends from Wilmington to
Weldon, N. O., 163 miles; branch to Tarboro, 17 miles; total, 180 miles.
Was leased November, 1872, to Wilmington Columbia A Augusta Rail¬
road for 99 years. The lessees made default December, 1877, and tho
lease was surrendered April 13, 1878.
The fiscal year ends Sept. 30. The report for 1882-83 said: “ While
there has been an increase in gross receipts of $14,103 55, there has
been an apparent decrease in net earnings of $13,592 32. This appar¬
ent decrease comes from the purchase of- new engines, building new
shops and warehouses at Wilmington, and betterments on the road.
There being no construction account, all is charged in operating
expenses. There has been a diminution in through freights of $7,008,
an increase in local freights of $3,201, an increase in
through passen¬
gers of $18,383, and a decrease in local passengers of $6,974.
It has
been customary to set aside a certain amount of unexpended money
for the purchase of rails, of which $11,639 remains, which properly
belongs in net earnings, as so much money was not needed for renewa 1
of rail.”
The earnings

Years.

and

expenses for
Gross
Net

five years have been;

Earnings.

Earnings.

$488,448

$176,277

505,978

175,693

603,175

221.698

-(V. 35, p. 657; V. 37, p. 717.)

Years.

Gross

Net

Earnings.
$750,916

Earnings.

"83,790
797,428

209,472
195,S72>

$303,833

.

FEBRUARY,

Subscribers will confer a

great favor by giving
•

DESCRIPTION.
For explanation

headings,
of column of tables. &c„ see notes
first page

on

326
326
326
94

Central—Consol, mort., land grant, pref.
npriPR

Wisconsin
of
1

os cprip.s.

income

"Nashua. & Rochester—Stock

Worcester ^
DauHq

Ronds,

_

mortgage

Date
Miles
of
of
Road. Bonds

BonOR, mortgage
Nashua & Rochester, 1st M., guar,

(for $700,0001

48

or

Par

Value.

$....

1879

1879
1879

..

......

1873
1875
1874

.

and
186
327
miles. Leased from Neeiiah to Sehleisingerville. 65 miles; operated
under contract, Milwaukee to Sehleisingerville, 32 miles. Total oper¬
ated. Including foeders, 440 miles. The lease of the Milwaukee & North¬
was surrendered August, 1882. In January, 1870, the Wisconsin
Central Road was taken possession of by the trustees for bondholders,
•vlio still operate it.
There is a land-grant of over 800,000 acres.
The plan of reorganization has boon practically accomplished. This
embraced the issue of a new consol, mort. to cover $400,000 5 p. c. pref.
bonds; $3,800,000 first series bonds, bearing 2 p. c. for three years from
July 1,1880, and 5 per cent afterward; and $5,700,000 second scries
bonds, to draw interest if earned (but not cumulative), 2 per cent for
three years, and 7 per cent thereafter. Interest on the second series is
payable J. and J., but dependent each time on the net earnings of the
half year ending sir months before. The stock of $11,500,000 remains,
$2,000,000 of it preferred and $0,500,000 common, and is all deposited
WisconsIn*Central.—Owned on Dec. 31,1882, tlio main line
branches Stevens Point to Menaslia, 65 miles; do. to Ashland,
miles; do. to Portage City. 70 miles: branches, 7 miles; total owned,
ern

until all interest
judgment of the trus¬
for new stock

which

(without voting power) have been issued to the old stockholders,
delivery on sales.
In March, 1882, the Trustees and company leased for 99 years the
Milwaukee & Winnebago Railroad, from Neenali to Sehleisingerville,
which was completed in December, 1882; tlie rental is 371a per cent of

pass as a

to $175,000 per year, all surplus to go equally to
and the bonds^are issued subject to this lease. The
■urrender of the lease of the Milwaukee Sc Northern road in August,
1882. materially changed the situation of the Wisconsin Central so that
no comparison of tratne with that year is of much importance.
For four
gross oarnings up
lessor and lessee,

years

past the earnings,




&c., were:

Rato per
Cent.

Outstanding

When

Payable

Bo

DIVIDENDS.

Where

pal.When Due.
Payable, and by Stocks—Lata
Dividend.

Whom.

'

$400,000
3,800,000
5,700,000
3,099,800

5
2 to 5
2 to 7

275,000
250,000
400,000

700,000

Years.

discovered In these Tables.
nds—Princl‘

INTEREST OR

Amount

100
100 &c.
500 &c.
1000&C.
500 &0.

•

intrust witli Stewart and Abbot, Trustees, to he voted on
is being earned and paid on new bonds, and in the
tees is likely to continue so to be. Trustees’ certificates

187029.

Immediate notice of any error
Size

83

BONDS.

RAILROAD STOCKS AND

1884.]

1*4
5
5
5
5

5 p-

Boston.
& N.
do
& J.
do
& J.
Worcester, Office.
& J
do
do
Various
A. & O. Bost., Globe Nat. Bank.
do
do
F. & A.
do
do
A. & 0.

M.
J.
J.
J.

1909

1, 1834
May 1, 1887
April 1, 1893
Feb. 1, 1895
Jan.

April 1, 1894

I
1
Passenger
Miles.
455
460
461
440

Mileage.

Freight (ton)
Mileage.

Gross
Earnings.

Net
Earnings.
$193,090
265,748
272,108

Mileage.

6,385,319
30,920,076
$851,090
41,550,726
8,746,766
1,146,352
1881
10,466,444
47,766,777
1,365,967
11,427,237
44,437.249,
1,388,490
252,468
-(V. 35. p. 23, 298, 313, 374, 405, 578,707, 737; V. 36, p. 676; V. 37
p. 236, 344.)
Worcester A; Nashua Sc Rochester.—Owns from Worcester to
Nashua and Nashua to Rochester, 9 tmiles. This consolidated company
was formed Dec 1, 1883, by a merger of the Worcester Sc Nashua and its
leased line, the Nashua Sc Rochester, on the basis of an equal exchange
of the stock of ea<jk company for that of the consolidated company.
Tlio Worcester 6c Nashua Co. paid regular dividends of 10 per cent
for some years before 1874-5. In 1875-6 the leased lino ohargos (Nashua
& Rochester, 48 miles) first appear in the accounts, and the Worcester
Si Nashua paid only
per cent dividends in that year. The rental
charge being plainly too heavy, an agreement was made in 1879 to
reduce the interest on bonds to 5 per cent, and tlio dividends on
Nashua & Rochester stock to 3 per cent per annum. The interest on
Worcester & Nashua bonds was also reduced to 5 per cent. In addition
to above there are $37,000 5 per cent Worcester & Nashua bonds outstanding. Five years’ operations were as follows:
Net
Gross
Freight
Passenger
....

Miles.

Years.

1878-9.... 94
94
1879-80
94
1880-81
1881-82... 94
1882-83... 94
-(V. 36, p. 139: V.
..

..

Earnings.

Earnings.

12,123,444

$473,081

14,995,020
16,153,062
7,222,999
16,999,008
7,467,524
17,844,586
7,592,458
37, p. 638, 641.)

631,992
661,531

$165,495
167,033
155,196
156,993
173,325

Mileage.
6,168,871
6,784,960

553,592
588,770

Subscribers will confer a great favor

on

Albermarle <&

first page

headings, Ac., see notes
of tables.

by giving immediate notice ot any error discovered In tbese Tables.

Miles Date
of
of
Canal. Bonds

Chesapeake—Stock

Mortgage bonds
Chesapeake <& Delaware—Stock
1st mortgage (originally $2,800,000)
Chesapeake dk Ohio—Stock
Maryland loan, sinking fund
Guaranteed sterling loan
Bonds having next preference
Delaware Division—Stock, (Conv.into L.C.AN.stck.)
1st mortgage (extended 20 years in 1878)
...
Delaware <£ Hudson—Stock
1st mortgage, registered
do
do
:
Debenture loan of 1894, coup and reg
1st M., coup. & reg., on Penn. Div. ($10,000,000)

Lehigh Coal <£ Naviya lion—Stock
Loan, conv., coup., gold (assumed L. A W. Coal Co)
1st mortgage, reg. (to be extended at 4^)..
1st mortgage, registered, railroad
Mort. loan, g. ($2,810,000 assumed

184
184
184
60
60
148
148
148

Scrip

1856

New mortgage
Boat loan

(for $1,000,000)

Preferred stock scrip dividend

Albermarle &
Stock Exchange list

1,000
1,000
1,000

100

1,000
lOOOAo.
50
500 Ac.
Var.
Var.
500 Ac.

Payable

6
?

,

.

-

1%

780,000

220,000
103.164

and also leases the Albany A Susquehanna and Rensselaer A Saratoga
railroads, including the N. Y, A Canada RR., whose bonds it endorses
The 6tock is to be increased to $30.0u0,000 to pay off bonds maturing
in 1884 and 1891. The stock is to be issued as follows, viz.: $3,500,000
in 1884, $1,600,000 in 1887, and $5,500,000 in 1891, the object of the
issue being to take up an equal amount of 7 per cent bonds. To share¬

holders of May 24, 1883. there was allotted 35,060 shares to be paid for
at par, one share of new stock being allotted for every r!x sharos of the
old stock held by shareholders on the date named.
A preliminary income account for 1883 was given in V. 39 p. 177.
showing surplus applicable to dividends, $1,995,843, ag .inst $1 ~38.20l
In 1882. The annual report for 1882 was given in V. 36, p. ! 93, and
nad the following:
Coal produced at the mines of the company, 3,203 168 tons ; trans
“

ported for others, 516,154 tons—total, 3,719,322 tons. The gross re¬
ceipts were, $15,573,927; expenses, $10,422,324; net, $5,lol,602;
less taxes, interest and rentals, $3,313,401; leaving surplus, $1,838,201, or about 9 2-10 per cent on the capital stock. Under the policy of
restriction, the mines were closed forty-eight days during the year, and
* nearly uniform price for coal was maintained.
There was a large
increase in the gross earnings of the railroads. Owing, however, to
unusual expenditures on the permanent way, the expenses were like¬
wise larger.
\ kirty-nine hundred and sixteen tons of steel rails and
431,■ 00 ties have been placed in the tracks, which are now in first-class
eondilion. Notwithstanding this large expenditure, the lines have been
self-sustaining. The great advantage of the possession of the leased
lines is evidenced by the fact that the total tonnage and sales upon them
and their branches in 187 2 was only 116,283 tons, while in 1882 they
were 750,855 tons, the profits upon which are added to the revenues of
the company, and there is every reason to believe that the future will
show a further increase.”
Comparative statistics for four years:
INCOME ACCOUNT.

1879.
Sales of coal
Canal tolls

1880.

1S81.

$

$

$

7,210,524

9,328,763

42,810

8,993,540

58,400

91,408

93,516
727,283

243,537
345,075

60,007
3 87,363
492,924

301,858

812,455
8,165
249,497

535,264

595,663
326,635

7,985,118
$
673,651

Mining coal

3,003.893
641,951

1,764,195
1,234,449
350,916
316,059

GENERAL BALANCE

$
Canal, Ac
6,339,210
Railroad and equipment.. 6,220,669
Real estate
8,795,657
Mines and fixtures
2,699,590
Coal-yard, barges, Ac
720,487
Lack. A Susquehanna RR. 1,022,293
~

3,597.074
Cherry Val. A Sharon RR.
300,000
Meehan. A Ft. Edward RR
Schen. A Meehan. RR

805,914

8,948,327 ll,083,r;47 10,804,251
$
$
$
535,264
727,284
345.075
3,171,369 3,985,304 4,422.213
596,827
755,331
798.701
1.568,245 1,737,979 1,680.192
1,343,973 1,374,784 1,312.083
366,578
400,101
407,756
14,642
2,102,464

" 8,948,327 11,0-3,547

AT CLOSE OF

1879.

Albany A Susquehanna

312,243

1,351,429
7,985,118

Hew York A Canada RR..

561,948

630,643

Total
Disbursements—
Coal on hand Jan. 1

Total

$

5,764,477
41,025

Miscellaneous profits
Coal on hand (Dec. 31)....
Railroad earnings in Penn.
Profit on leased lines
Interest on in vestments...
Balance

Coal transportation, Ac...
Canal freight and exps
interest
Taxes and miscellaneous.
Loss on leased railroads...
Balan ee

1882.

1,838

201*

10,801, J51

EACH FISCAL YEAR.

1880.

1881.

^
6,339.210
6,414,759
8,846.316

^
6,339,210
6,456,258
9,027,804

2,713,957

2,729,311
690,397
1,022,938

746,791
1,022,938
3,597,074
300,000

1,074,808

3,597,074
300,000
16,146
200.773

1882.

pal,When Due.

Payable, and by StocJcs*—
whom.
Dividend.

July,

Bait., A. Brown A Sons.

Q-J
Q-J.

1879.

1880.

1881.

$

$
727,283
608,894

345,075

400,015

613,181

4,294,706
69,410

69,410

Telegraph and Car Co....
Supplies on hand

878,000

962,130

Cash and bills receivable..

3,140,11*)

3,785,656

1,208,726

Profit and loss
T i ft

1870

'

615,514

Coal on hand Dec. 31......
535,264
Advances to leased lines..
368,773
Advances on coal royalties
605,326
Miscellaneous assets
4,480,701

Total assets

i.886

London.
1890
J. A J. Balt., A. Brown A Sons.
1885
F. A A.
Feb. 15,1884
Phila., 258 So. 3d st.
J. A J.
do
do
Julyl. 1898
Q-Mch. N. Y., Bk. of Commerce. tfaroh 10,1884
J. A J
do
do
1884
do
J. A J.
do
1891
A. A 0.
New York, Office.
1894
M. A S.
do
do
Sept. 1. 1917
J. A D.
Dec. l, 1883
Philadelphia, Office.
M. A S.
do
do
1894
do
do
Q-J.
April, 1884
do
do
Q-F.
1897
J. A D.
do
do
1897
J. A D.
do
do
June 1, 1911
F. A A.
do
do
1892
M. A S.
do
do
1883-’84
F. A A. Leh. Val. RR. Co., Phila
Feb., 1884
F. A A.
do
do
Fob., 1884
A. A O.
do
do
April 1,1906
A. A O.
do
do
Oct., 1885
F. A A.
do
doFeb., 1989

Chesapeake.—Securities placed on New York

17 miles; Union RR., Green Ridge to Mill Creek, Pa., 17 miles; Ply¬
mouth A Wilkesbarre RR. and bridge, 3 miles; Gravity RR., Olyphant
to Honesdale, 56 miles; total owned, 114 miles; track of Jefferson RR.
used by contract, 35 miles; total operated in Pennsylvania, 150 miles
This company is among the largest miners and carriers of anthracite coal,

Where

.

.

7
7
7
7
3
6 g.
6
6
6 g7
7
6
2
5
7
7
7

1,025,000

1,000

•

6
5
6
2
6

1,175,000

various.
various.

Fel)., 1880. Prcsidaut, Marshall Parks, Norfolk, Va

Receipts—

Bonds- Princi¬

J. A J. N. Y., Union Trust Co.
J. A D.
Philadelphia, Office. !
J. A J.
do
do
J. A J.

7
....

5,381,840
2,000,000
4,653,000
2,470,750
643,000
243,451

1,000
1,000

Receiver, but ordered the company to report at stated times its receipts
and payments.
Delaware Division.—Leased to Lehigh Coal & Navigation Co. at
interest on bonds and 4 per cent a year on stock.
In 1883 $23 4,950 was
converted into Lehigh Coal & Navigation stock, leaving $44o,000 un¬
converted. (V. 36, p. 193.)
Delaware A Hudson.—The Delaware A Hudson Canal Co. was
chartered April 7, 1823, and the canal from Rondout N. Y., to Houesdale, Pa., was completed in 1828. The company owns the following
railroads, viz: Lackawanna A Susquehamiah, Nineveh, N. Y., to Jeffer¬
son Junction, Pa., 22 miles; Valley RK., Carbondale to Scranton, Pa.,




When

Cent.

20,000,000
3,385,000
5,549,000
4,829,000
5,000,000
12,151,950
771,000

various.
100
100
1876
1865
1869

Rate per

$1,500,000
500,000
2,078,038
1,993,750
3,851,593
2,000,000
4,375,000
1,699,500
440,000
800,000

Vario’s

Chesapeake & Delaware.—Delaware City to Chesapeake City, Md
Chesapeake A: Ohio.—1This company was assisted with loans by the
State of Maryland. It has long been unable to meet its interest. In a
suit against the company the Court (January, 1881) declined to appoint a

JL ssct$

Outstanding

$....
1,000

1869
1871
1874
1877

-

Preferred stock

Par
Value.

1858

1869
1864
1867
1867
1871
1872
103
103
103
103

Amount

25
500 Ac.
500 Ac.
500 Ac.
50

339

r

or

50

14
14
184

Extended, 1877..

Morris—Stock, consolidated

Size,

1879

by other co’s.)

Consolidated mortgage loan.

Greenwood 2d mortgage, reg.

fvoL. xxxvin.

INTEREST OR DIVIDENDS.

DESCRIPTION.

For explanation of column

BONDS.

STOCKS AND

CANAL

84

$

1882

$
492,92
637.60

625,07
2,985,349 *3,658,42
69,410
;
69,41
1,148,322 1,408,44
3,884,088 2,609,20

40,981,301 41,041,614 40,9o2,484 41.087.986
$

/ // f ip v

$

(C

a*

Stock
20,000,000 20,000,000 20,000,000 20.000,000
Bonds
10,837,000 19,837,000 18,843.000 18.763.000
Miscellaneous accounts... 1,144,301
1,003,827
823,053
836,899
Profit and loss
^..^.^ 200,786 1,236,431 1,488,087

Total liabilities

40,981,301 41,041,614 40,902,484 41,087,986

These miscellaneous assets include the following: Jefferson RR.
bonds (85), $85,000; Albany A Susquehanna consols (1.701), $1,701,000;
*

sundry bonds $64,538; 8,540 shares Albany A Susquehanna, $854,000;
8.241 shares Rensselaer A Saratoga, $824,100: sundry stocks, $129,791.
-(V. 35, p. 51; V. 36, p. 139, 193, 426, 535; V. 37, p. 23; V.34, p.177.)

Lehigh Coal & Navigation.—The Central Railroad of New Jersey

assumed (in purchase ot equipment) $2,310,000 of the gold loan due
(897 and leases the Lehigh A Susquehanna Railroad. The Lehigli A
Wilkesbarre Coal Company assumes $500,000 of the gold loan due 1897,
and $771,000 (all) of the convertible gold loan due 1894.
Bonds matur¬

ing 1884 will be extended till 1914 at 4Lj. The Board of Managers’re
port has the following statement of receipts and disbursements :
°

RECEIPTS.

Railroads and

Lehigh Canal

1881.

1882.

1883.

Nesquehoning Tunnel. $1,429,468 $1,445,190 $1,614,695
oon

;
Water Powers Lehigh Canal
Delaware Division Canal
Net profit on Lehigh Coal
Royalty on coal mined by lessees
Revenue from rents
Miscellaneous receipts

Total

55,830

55,699

18,947

21,065
47,586

74,044
240,742
7,573
35,660

13,316

325,666
7,209
31,973
4,824

65,552
20,881

57,745
386,351
3,642
33,163
12,157

$1,875,592 $1,939,212 $2,194,489
DISBURSEMENTS.

General and legal expenses
Rent and taxejR Nesquehoning Val.RR
Rent and taxes Delaware Div. Canal
Taxes
:
Interest account

Surplus.

$59,101

$62,892

$65,064

97,050
120,330
70,147
915,039

97,050
102.356
74,648
942,973

97.050
81.438

71,916
931,377

$1,261,668 $1,279,919 $1,219,-45
$613,924 $659,293 $914,644

The balance to credit of dividend fund Dec. 31, 1881, was $471,445;
Dee. 31, 1882, was $535,457; Dec. 31, 1883, was $130,477.
The annual report for 1883 in Chronicle of Feb. 23. 1884, said: ‘‘Onr
net revenues from all sources wen*. $2,194,489, an increase of $255,277
The fixed charges, including rentals, decreased
over those of 1882.

$30,073, and the balance, after paying these charges, which are $944,644,
is $-85,351 in excess of that of last year. From this balance $189,239
has been marked off for depreciation of coal improvements and the «oal
sinking fund-of ten cents per ton; and after l aying two dividends of
2*2 and 3 per cent respectively, the remainder, $130,176 has been

credited to the dividend fund.”
As to the lease between the Central of New Jersey and the Philadel¬
phia A Reading the report sajrs : “The negotiations resulted in an agree¬
ment, under date of May 29, 1883, between the. two compan es iust
named and this company, which provides that the Philadelphia A Read¬
ing Railroad Company shall assume and become responsible for all the
undertakings of the Central Railroad Comnany of New Jersey umb r the
original lease of March 31, 1871. * * * That they shall continue to ship
about 40 percent as much coal as shall be shipped from year to-year from
the lands of the Philadelphia A Reading Coal A Tron Company. * * *
The agreement further provides that the rental of the Lehigh A Susque¬
hanna Railroad and branches shall never in an>r year be less than
$1,414,400; we agreeing not to demand as part of the rental in any year
prior to Dec. 31. 1887, any excess which one-third of the gross revenues
of the said railroads may produce- over *1,728,700, nor iu any year
thereafter, and prior to Dec. 31, 1S92, any similar excess over ti,8s5,000, nor in any year after the last-named date any similar excess over

$2,“43,000, except that to each of these maximum yearly rentals shall

6,339,210
6,581,070
9,044,172,751,236
683,18'»
1,022,938
1,008.787
3,597,074
300,00. t
48.296
210,922

lie added interest at the rate of 7 per cent on all construction work on
the said railroads, which may subsequent te Dec 31,1882. be charge d
to our construction account under the provisions of the original agree¬
ment of March 31, 1871.”
<•
The bonds m ituring April 1,1884, will be extended to July 1, 1914,
with interest at 412 per cent-; bonds not exchanged by holders before

January 1, 1884, wiLl be paid off.—(V. 34, p. 249, 604; V. 36, p. 219.
0 .2; V. 37. p. 479.)
Morris.—Leased April, 1871, to Lehigh Valley Railroad for 999
years.
The lessees assume bonds and scrip, and pay 10 per cent per
annum on pref. stock and 4 per cent on consol, stock.

February,

STOCKS

CANAL

1884.]

Subscribers will confer a great favor by giving
DESCRIPTION.
For

explanation of column headings, Ac., see notes
on

first page

of tables.

AND

85

BONDS

immediate notice of any error discovered in these Tables.
INTEREST OR DIVIDENDS.

Date
Size, or
of
Par
of
Canal. Bonds Value.

Miles

Amount

Outstanding

Rate per When Where
Cent.
Payable

Payable, and by
Avhoin.

Bomts— Princi¬

pal,^When Due.
Slocks—Last
Dividend.
*

—Stock

.

General mortg., interest guar’d by Penn. RR—

Sthuvlkill Navigation—Stock, common

Preferred stock
1st mortgage, extended
2d mortgage
Mortgage bonds, coup,

TmTvrrwAmp/nt, hrvnrtfl

337
337
108
•

•

•

.

Boat and car loan
Boat and car loan

a

.

do

50

.

.

....

~

....

bonds of 1872, 4th mort

Unions- 1st mortgage

693,712
3,283,650
1,709,380
3,990,392

1,000
1,000
....

....

.

Susquehanna— Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
do
pref. bonds, 1st mort
do
pref., 1st T. AV. priority b’ds.

.

$1,501,200

.

....

(payable by P. A R.)

$50
1,000
50

1870

85

1870
1863
1864
1839
1859
’44-’64
’41-’64
1872
"

*

*

*

1,000

Looo

1,000
....

1,000
500
500

1,000
•

•

•

•

Pennsylvania..—Worked in interest of Pennsylvania RR., which

guarantees interest on bonds. An old mortgage balance of $67,000 is
due in 1887; Earnings in 1882, $381,033; net, $127,292; interest, taxes,
&o., $205,987; loss, 78,694;
interest, Ac., $183,060.

earnings in 1883, $395,218; net, $191,446 ;

Schuylkill Navigation.—Leased from June 1, 1870, to Philadel¬

phia & Reading for 999 years. Rental received in 1883, $635,776. In
1880 the lessees defaulted on the rental and propositions made by the
Receivers of the Philadelphia A Reading RR. to purchase coupons and
dividends on certain terms were carried out. In March, 1883, the pro¬




2,942,000

1,200,000
228,000
756,650
628,100

1,000,000
1,324,000
227,500

97,810
250,000

3,000,000

6
35c.
70o.
6
6

J.

6
6
6
7
6

J.

6

6
6
7

A J.

Phila., 233 So. 4th St.

Philadelphia, Ofiice.

....

....

Q. -M.
J.
M.
M.
M.
J.
J.
J.
J.
J.
M.

A
A
A
A
A
A
A
A
A
A
A

J.
J.
N.
N.
N.
J.
J.
J.
J.
J.
N.

do
do
do
do
do
do
do
do
do
do
do
do
do
do
Phila. and Baltimore.
do
do
do
do
do
do
do
do

Philadelphia, Ofiice.

July, 1910
1884
1884
March, 1897

Feb. 15,
Feb. 15,

1882 to 1907
1895

Maj\ 1880
May, 1913
May, 1915
Jau., 1885
Jan. 1, 1918
Jam, 1894
Jan, 1894
Jan., 1902

May 1, 1883

posal from Phila. A Reading to merge this company by giving one share
of Phil. A R. stock for two of S. N. preferred and one share of P. A R for
four of S. N.common was

rejected.

(V. 36, p. 194, 332; V. 38, p. 201.)

Susquehanna.—Leased and operated by Philadelphia A Reading

Railroad for interest on bonds and half of net earnings. The stock is ex¬
changed for Phila. & Reading, two of canal stock for one of Reading.
The floating debt is considerable. (V. 36, p. 561; V. 37, p. 720.)
Union.—Stock, $2,909,850. Of the bonds $1,897,000 are held by
the Phila. A Reading RR. Co. which will probably foreclose the mort
Foreclosure proceedings are pending. (V. 37, p. 687; V. 33, p. 178.)

MISCELLANEOUS

86

Subscriber* will comer a great

Adams Egress— Stoclc
Amer. Tel. di Cable—Stock ($20,000,000) guar. 5 by

outstanding.

When

Cent.

Pay'ble

2

Bonds—Princj.

1881

1874

Mortgage bonds (for $2,800,000)

Compuny— Stock

4 873
1871

Sterling bonds (sinking fund one-tilth of land sales)
Mortgage bonds, gold, sixes (for $2,500.000)
Central Kcir Je; so/ Laud—Stock
Central £ Smith American Tel.graph—Stock

....

1,000
1,000
100
£200
1.000
100
10()
100

ISO)

:

1872

3,500,000

10,250,000
270,000

1,000
1,000

....

0 g.
0 ix.
7

-

Bonds

-

.

do

A D

June, 1884

.1. A J. London, Brown S. A Co.
J. A J.
New York or London.
...

0 g.
2

7
6
0

3,000,0.40

4,4)7.000

1

500,000

0

F. A A.

N.Y.,Office,47William St
N.Y., Co.’s Office,71 B’y Jan. 27, 1882
do
do
J. A J.
Jam, 1885
do
do
Jau. l,
J. A J.
New York. Office.
A. A O.
Oct. 15,
•T. A J. N. Y.. West. Union Tel. Jan. 1,
Feb. I,
Bostoii, Trcas. Office.
Q.—F.
J. A J. N. Y.. Mercantile Tr. Co. July 1,

1897
1875

New York,

1886
1876
1906

1884
1884

1901

10,000,000
5,000.000
250 000

1,000
100 •

4,400,000
10!,000

1,000
100

1,194,00

*

T.

A

J.

7
4

Jan. 1,
Jan. 1,
Nov. 1,
Jan. 1,

'

\b
J.

A J. N.Y.,

Company’s Office.

1884

1

the legitimate net earnings for tlie year were $346,173, after paying in¬
Express,—No reports; no in format ion.
terest on all the outstanding bonds of the company.
Telegraph A: Cable Co.- Owns two cables between
In addition to file real es'ate department receipts ns below, sales of
Englaud, and Dover Bay, Nov a, Scot ia. The stock of real estate, were: Cash
received, $58,017 ; on time notes bearing inter¬
$10,000,000 was parti'* paid up. and in April, 1882, si pooliu r ar- est,
$23,488—total, $82,105.
angement was made with the other cable companies for 3s .years, by
STATEMENT OF EARNINGS ANI) EXPENSES.
'which this company receives 223> per cent of combined revenues while
•both its cables are. working and 12b per cent, if only one is working.
Earnings.
Expenses.
Net.
Then thiH company’s cable was leased to Western Union for 5o years, Coal department
$979,358
$847,590
$131,961
with a guaranty of 5 per emit per annum on the .stock, increased to Coke denari men t
421,173
31(5,210
104,963
$14,000,000. There is also a reserved stock of $0,000,000 in trust to be Iron and steel department
2,492,932
174,433
2,31 s,498
issued if a cable is laid between Brazil and the United States.
(V. 35, Iron mines department
107,097
1(57 097
p. 373 ; V. 37, p. 594.)
Real estate department
16,533
23,950
40 484
American Coal.—There arc mortgage bonds for $200,000. No an¬ Gen. dept.—mis. earnings, Ac
10,470
10,476
nual report has recently been published. The annual report for 1880
Totals
$4,111,522
$3,005,720
$445,785
gave the following information:
Add premiums on bonds sold
Total assets December 31, 1880— Lands and real estate at mines,
$2 * ,020
Interest and dividends from investments
03,791
15,019; cash, $35,414; wharf improvement at Jersey City, $0,315;
1,413—
90,825
Sundry old accts. credited to profit and loss ...
personal property at mines, $31,219; personal property at wharves,
$536,610
$3,007; bills receivable, $10,323; accounts, $107,177; canal boats,
$50
$17,000; value of coal on hand, $24,712; office furniture, $513; Chesa¬ Less premiums on bonds purchased
Discount on securit ies sold
31,144
peake & Ohio Canal bonds, $8,0OO; C. & 1\ Railroad stock. $1,000; G.C.
I)is ount on Col. Coal A Iron Co. bonds sold...
38 491
& C. Railroad stock, $100,000; total, $2,009,377. Directors: James A.
Interest hi all bonds outstanding
Alexander, John P. Moore, Sidney Wintringham, Gardiner Lloyd, Ben¬
103,403
jamin Williamson, Richard S. Grant, William J. Boothe, A. J. Akin.
Interest, disr omit and exchange
93,983
David Stewart. Gardiner 1\ Lloyd, President; George Sherman, SeereSundry old accts. charged ;o profit and loss
1,476—
328,549*
ary and Treasurer.)
Net surplus for year 1882
$208,061
American District Telegraph.—No information has been fur¬
Tn the real estate department the earnings are wholly from rentals of
nished by tins company. Notice was given of an increase in stock to
$3,000,000. the par of shares to be raised to$!00. (V. 35. p. 453.)
ho.isos, lands, Ac., containing no receipts from land sales.
Danker*’ Sc Hie re bants’ Telegraph.—Organized March 23. —(V. 35. p. 480; V. 30, p. 650.)
ISbl, under laws of New Vors State. Authorized capital. $ 0 000,000.
Consolidation Coal.—Tlie annual report for ’82 contained tlie fol¬
Route from New York City to Washington, via. Pliila elnhia. In Sept., lowing:
1883, this company negotiated for the control of tin* stock of the South¬
The gross receipts from mines, railroads, rents,
1881.
1882.
ern and the Am. Rapid Telegraph, making a practical consolidation of
&c., (iiicl’g value of st’ekof coal on hand) were. $2,417,794 $1,714,213
the three lines. Win. W. Mans, 1’res’t. Pniladelphia.
(V. 35, o. 700;
Tot. expen’s of every kind (exel. of inti A sink. fd..
V. 37, p. 151, 107. 200, 502, (540; V. 38 p. 29. 202.)
but inel. steel rails A'all cxtraordinTy outlays)
1,982,458 1,037,601
Boston Land.—1The. capital stock <>i 80,000 shares of the par value
of $10 each, or $800,000. Operations and assets Jan. 1. 1884, shown
Not receipts...,
$435,335
$76,612
In the annual report in V. 38, p. 130. (V. 3(5, p. 107; V. 38,p. 136.)
-Consolidated mortgage bonds are. held to retire old bonds. This com¬
Boston Water Power.—The shares have strictly no par value.
There are85,833 shares called “proprietary” shares, or the immberinto pany guarantees also 2d mortg. bonds of tlie Cumberland & Pennsyl¬
which the property of the company is divided
The assets consist vania, and assumes $135,000 of the Union Mining Co.’s bonds. The
total bonded debt on lands and railroads is $2,522,500.
mainly of lands on and near “Back Bay,” in Boston, pul in the com¬
pany’s report at a valuation of $4,128,1(1. hi I>83 considerable sales
International Ocean Telegraph Co,-'The Western Union Co.
of land were made and bonds reduced accordingly.
operates the line by contract tor 99 years from Jan. 1,1832, paying 6
Canton Company (Balt.).—The capital stock in 1S53 was made per cent per year on stock.
50,000 sh r. s, ) ar $L00 of shares nominally, but. practically only $1 0 25,
Iowa Railroad Land.—The total land owned was 05,328 acres
■and was afterward reduced by purchases and < anceiladon to 41,300 March
31. 1883. (V. 35, p. 78; V. 30, p. 707)
shares.
A brief history of the company was given in V. 30, p. 117.
Iron Steamboat Co. —Property consists of seven iron steamboats
The company owned the stock of the Union RR. Go. and guaranteed
its bonds, but sold this stock ($000,000) to the Northern Central RR. in Bonds and stock listed in June, 1832. Stock, $2,000,000.
Mariposa Land Sc Mining.—There are outstanding only 15,000
April, 1882. for $594,000. The Union RR. sinking fund of $089,885
shares tne balance being owned oy company.
remains the property of Canton Co.
(V. 35, p. T 0.)
Litigation is iu progress.
Central New JTer«ey Land Improvement.—Tito statement for
Maryland Coal Co.-The annual report for 1882 in Chronicle,
two years ending December 31. 1881, showed total receipts in 1880 V. 30.
p. 705, had the following: “The Cumberland coal industry of
of $72,000 and in 1881 of $91,255. The balance sheet December 31,
Maryland has been the one great exception, for the past eight years, to
1881, gave the following values of lands owned: Newark lands, $375,- tlie general growth that has characterized tlie operations of nearly all
738 ; Bergen, $575,850 ; Elizabeth, $1(54.950; Westfield, $2(5.307; Fan- th available bituminous districts.”
*
*
*
wood, $478,-108; Plainfield, $339,450; Duncllcn, $31(5,148: Somerville,
“Organized labor dictated its own terms, and in the absence of a com¬
$77,8(51; Clinton, $4,780; Bloomsbury, $20,3 15; Piiillipsburg, $1,088; mon interest and combined action on the part of the producers, enforced
total, $2,4LG,935.
Bonds and mortgages, $33,890; land contracts, tin* paymont of wages thirty per cent higher than those* established for
$12,282.
similar labor in competing liclds where work was more difficult and less
Central &. South Am. Telegraph,—Line from Vera Cruz, Mex¬ productive.” * * *
The construction of the George’s Creek A Cumberland Railroad was de¬
ico, to Lima, Peru, with branches. 3,loo miles of cable and 300 miles
•of laud lines. Completed November, 188*2.
Connects at Lima with signed to connect the mines of the company, and others centrally situ¬
West Coast Tel. Co. of America, having 1,700 miles of cable to Valpa¬ ated in the George’s Creek Valley, with the Chesapeake & Ohio Canal
raiso, nml at Vera Cruz with Mexican Telegraph Co. Stock is $5,000,000. and tlie Baltimore & Ohio Railroad at Cumberland, and with the Penn¬
no bonds.
James A. Scry laser, Brest., N. Y.
sylvania Railroad system at the Pennsylvania State Line. A better union
Colorado Coal Sc Iron.—This company, with headquarters at Col¬ of interests among the mining companies was effected than ever before
prevailed, “ and in the spring of 1882 measures were adopted by all the
orado springs. Col., was a consolidation Dec. 13, 1879, of the Central
Colorado Improvement Co., the Colorado Coal it Steel Works, and flic operators of the field to equalize the prices paid for mining and other
Southern Colorado Coal A Iron Co. The company is controlled in the Bi¬ labor with those prevailing in competing fields. A suspension of opera¬
tterest of the Denver & Rio Grande Railroad. Stock is lion-assessable. tions throughout the regions for about five months resulted, and termin¬
The annual report for 1882, in the Chronicle, V. 30, p. (550, liad the ated in A ugust in an acceptance by the employes of the wages offered."
The busiuess of 1882 included total shipments of 97,777 tons.
following:
The profit and loss account in 1882 was as follows: Balance .Tan. 1,
“Tlie total output of coal for the year 1882 was 512,303 t >ns, against
350,944 tons in 1881. an increase of over 45 per c< nt. I lie shipments of 1882, $1(5.780; balance credit coal account. $24,885—$41,660. Ex¬
coke for the year were 90,250 tons, against 47,0to tons in 1881, an in¬ penses-interest. $7,091; interest on bonds. $11,270; taxes, $7,4815
salaries andexpenscs, $13,121; legal expenses, $501—$40,270; balance
crease of over 90 per cent.
The steel works at Bessemer were put in op¬
eration on April 12th, 1882, and tlio first steel rail made w» st of the Jail. 1, 1883, $1,389.
Mexicali Telegraph.—Galveston to Tampico and Vera Cruz; land
Missouri River was ro led on that day. During last year 20,953 gross
tons of steel ingots and 10,205 cross tons of steel ra Is were made.”
line, Vera Cruz to Mexico City. Has exclusive right for 50 years for all
In tlie income account, “the items constituting the net deduction of foreign telegrams to Mexico, except telegrams to and from a neutral
$138,112 were expenditures incident, to the nogonation of the securities zone oil the U. 8. border 150 miles wide, between the Gulf and Pacitio
of the company for the purpose of redeeming tlie old Central Colorado Ocean. Company owns 1,362 shares of the Cent. & So. Am. Tei Co Reve¬
Improvement Company m rtgaue bonds, the principal of which fell duo nues in 1883, $233,040; operating expenses, $58,094; dividends 8 p. o.,
during the year, and are therefore expenses peculiar to that year, and $lo5,140; surplus, $09,793. Jas. A. Scryxuser, Prest., N. Y. (V. 36, pwhich will not enter into the expense account of luture years, so that 140.)
Adams

American
Senuon Cove,

..

f1,542,305; real estate at Jersey City, $100,710; mine, improvements,

—

id

i",

1904
1, 1904
Jan., 1875

.

-

b

Jan.
Jan.

.**'*

3

100
1875

Nov.* 12^1872

Boston, Ollice.
.1.

scrip.

500
ioo

Mortgage bonds
JMary land Coal—Stock

Office. Jan. 2, 1884
Dec. 10, 1883
Jan. 1, 1904

....

ioo

International Ocean Telegraph - -Stock
Iowa lilt. Land Co.-Stock
Iron Seam boat Company— Ronds
Mariposa Land d: Mining—Stock
Preferred stock

Dividend.

....

10 8.
7

752,000
500.000

100

1

O

Stocks—Last

..........

...

& J. N. Y., Company's
New York.
Q,—J.
do
J. & J.
J.

10.000,000

1,000
100

issO

3

800,000

4,720.815
2,148,000
717,875
495,000
189,000
2,400,000
4.00(5, • 00

Where Payable, and by
Whom.

N. Y., Companv’s Office. March 1, 1884
N. Y.. West Union Tel. March 1, 1884
8.
N. Y., 110 Broadway.

M. &

....

1(5000,000

10
50

Mortgage bonds, gold

pal,When Due.

Q-M.
Q-M.

2b>
2b

14,000.000
1,500,000
2,400,000
1 8-.000.000
10,000,000

100
25
100
100

Boston Lund—Stock
Boston }\ alcr Power—Stock

Colorado Coal <£• Iron—Stock
1st consol, mortgage, gold
Consolidation Coal of Maryland—Stock
1st mortgage (convertible)
1st mortgage, consolidated, convertible
Cumberland Coul d Iron—Stock

Rate per

$100 $12,000,000

WestU.

111.

discovered, in these 'Fables.

Amount

Date Size, or
of
par
Bonds Value.

American Coal (Maruland)—Stock
.American District Telegraph—Stock
Americau Express—Stock
Barkers' £ liere ha ah' Telegraph—Stock

Telegraph—Sleek

[Vol. XXX

INTEREST OR DIVIDENDS.

explanation of column headings, Ac., see notes in
first page of tables.

Mexican

BONDS.

AND

favor by jjlvln^ immediate uotice of any error

DESCRIPTION.

Canton

STOCKS




,

“

*

*

*

Subscribers will confer a great favor

by giving Immediate notice of any error
or
Par

of
headings, Ac., see notes on first Ronds
page of tables.

Mutual Union Telegraph,—Stock, guaranteed
let mortgage bonds, gold, guar, by West. Union
Kew York <£ Texas Land < Limited)—Stock
Pew

Yew

Centrat Goal—Stock
York & Straiisvillc Goal

\T0rth ices tern

Value.

$100
1,000

1881

50

cent for lands

-

4,8*6,000
20,000.000
5.000,000
7,000,000
3,000,000

100

April, 1881

.

Railroad Equipment Co.—Stock (for $1,500,000)
Coupon bonds. (See remarks below.)
St. Louis Bridge d Tunnel 11R — Bridge stock, common
1st preferred stock, guar
2d preferred stock, guar
1st mortgage, new, sinkingfund

Tunnel PR. of St. Louis,

1,000
1,000
1,000

1872
1872
1878
1875

Bonds, 3d series

Quicksilver Mining—Common stock
Preferred 7 percent stock, not cumulative

“iood*

£100
100
100
100

1,000

Var’s.

100
100
100
...

1,000

1879

stock, guar

Fob. 12.1884

M’ntlilv
New York.
J. A J. N. Y.,West. Un. Tel. Co.
J. A .T.|
do
do
M.A8.
J. A D. N.Y.,Farmers’L.AT.Co

2,500.000
1,180,000

100
50

I, 1911

Sept., 1883

New York, OlHce.

7,000,000

1,000

18*0

15, 1884

May

Nat. Bk.

M. A N. New York, 1st

5,000.000

100

'

.

debenture, convertible till

Stocks—Last
Dividend.

Jan.

$2,500,000
5,000.000
1,500,000
3,133,200
1,500,000

Bonds, interest

Bonds, sterling

pal,When Due

| Where Payable, and by
Payable)
Whom.
When

322,515

d Iron— Stock

Bonds, 4tli series
Bonds, debenture

Amount
Rate per
Outstanding
Cent.

100
100
50

Telegraph —Stock
guaranteed
Oregon Improvement Co.—Stock
f
lstmort., gold, sinking fund
Pacific Mail Steamship—Stock
Pennsylvania Coal—Stock.
Postal Telegraph d Gable Co.—Stock ($21,010,000)
1st mortgage (for $10,000,000)
Pullman Palace Gar—Stock

‘

Size,

Date

explanation of column

Land scrip receivable 75 per
Debentures, registered

discovered In these Tables.
Bonds—Princi¬

INTEREST OR DIVIDENDS.

DESCRIPTION.
For
1

87

ANT) BONDS.

STOCKS

MISCELLANEOUS

1884.J

February,

Q.-F.

April, 1880
Jan 1, 1884
Jan. 1, 1904

Sept. 15, 1883
Dec. 1, 1910
Sept., 1868^

li T Broadway.

N. Y.,

Feb. 1,1884'

Q.-F. N. Y., Farm L. A T. Co. Feb. 15, 1884
Q.—F.
do
do
) Feb. 15, 1887
Q.—F.
d)
do
I Aug. 15, 1892
do
do ,
A. A O.i
Oct. 15, 1888
A. A O.iLond’n, J.S.MorganA Co April 1.1885.,

15,922,*00
445,000
820,000
955.000
49.500

May. 1882

5,708,700

Feb.

4,291.300

Q.—F. IN, Y., Clark, Post A M.
Quar’ly
do
do

900,000

4,102.000
2,500,000

Drexei,

A J..N. Y.,
M. A Co.
do
A J.'
do
A. A O. New York and London.
,T. A J.,N. Y., Drexei, M. A Co.

J.
J.

2,490,000
3,000,000
5,000,000
1,250,000

2(5, 1884

Feb. 1, 1884
Various.

,*

1884
1884
April 1, 1928
Jan. 1, 1884

Jail. 1
July 1,

Pennsylvania Coal.—Liabilities at a minimum, and 16 p. o. diva,
Mutual Union Telegraph.—Organized under New York State
Stock was $000,000 and afterward increased to $10,000,000. In paid.
Postal Telegraph A: Cable—Lines to extend from New York toe
Feb., 1883, a lease to Western Union for 99 years was agreed to at Hg
per cent yearly dividends on the stock and interest on the bonds. The Chicago. New \*>rk to Washiiigon, New York to Boston. Buffalo to
itock was reduced to $2,500,000 and a div. of 1 p. c. paid Jan. 15, 1884
Pittsburg, Fosforia, Ohio, to Toledo, and Chicago to 8t. Louis, most of
-(V. 30, p. 30, 162, 197, 252, 358, 399, 510, 53/ ; V. 38, p. 30, 115.) which were in operation on Jan. 1, 1884. Of the stock $7,000,000
is
outstanding. $12,000,600
held in trust, and balance
New York «!fc Texas Land—This company took the lands granted is
The
treasury.
Mr. J. W. Mackey is the President.
to the International and Houston A Great Northern railroads, about remains in
of die Postal Telegraph Co. was changed November, 1883.
5,000,000 acres, wliieb were given in settlement to the holders of con¬ name
vertible and second mortgage bonds. Up to Oct., 1883, it was reported (See V. 37. p. 5(54). The following account was given of the change in.
that about 1,500.000 acres had been sold (largely to the Francklyn the organization: “The Postal Telegraph Company lias sold all its
Syndicate) and half of the $(5,000,000 land scrip retired, the holders property and franchises to the Postal Telegraph A (’able Company,
being secured by debentures given by the purchasers of the land and de¬ which was recently' organized under the laws of this State expressly for
posited in trust. This would leave about 3,500,000 acres of 1 »nd unsold. this purpose. The deed of conveyance, which was recorded this week,
In Dec., 1883. the company culled for proposals from scrip-holders to sell states the consideration at $10,498,50 >. The transfer is merely the
(V. 36, p. 536; V. 37, p. 640.) fulfilment of apian which lias been under consideration for some time,
to the Co. and receive pay inland notes.
for reducing the capital stock of the company and for correcting certain
New Central Coal (Md,)-1The annual report for 1882 was pub¬
lished in the Chronicle, V. 36, p. 70(5, showing net protits of year, legal irregularities in the organization and conduct of the original com^
$12,425; and balance to credit Dec. 31,1882, $274,914. (V. 36, p. 706.) pany. When the present owners secured control, they discovered that
the previous management had not always acted in strict conformity
New York & Straitsville Coal «fc Iron.—Has $300,000 bonds. with the State laws, and while their counsel were of the opinion that
The stoek admitted to New York Board April, 1880.
the irregularities were not sufficient to vitiate the company’s charter*
Northwestern Telegraph.—This company'owns 8,000 miles of it was decided to organize anew company'. The conveyance made to
wire and is leased to Western Union for 99 years, with guaranteed divi¬ the Postal Telegraph A (’aide Company was in accordance with this
dends ol 4 per cent at first, rising one-eightli per cent a year to 6 in decision. The new company is owned by the same persons who have
1897 and afterward. The bond interest is guaranteed. (V. 33, p. 358.) recently controlled the former one. There will l>e some changes in th«
Oregon Improvement Co.—This compary owns $3,000,000 stock board of directors, probably, but John W. Mackey will be President of
of the Seattle Coal A Transp. Co.; $575,000 stock of the Columbia A the company.” (V. 37, p. 175, 235, 321, 424, 564 ; V. 38, p. 31.)

lawi

$1,969,000 stock of the Pacific Coast 8. 8. Co.:
and other real estate. For year ending Nov. 30.
1883. gross earnings were $4,161,06 •; net. $342,o44. - For one month
from Nov. 30, 1883, gross earnings were $271,462, against $309,831 in
1882; net$00,435, against $71,812. (V. 36, p. 253; V. 3.', p. 563, 720 ;
PugeiSouud RR.;

170.000 acres of land,

V. 38, p. 30. 115.)
Pacific Mail Steamship.—In February, 1880 an agreement was
made between this company and the Pacific Rillroads, by which the
railroad company gave to the steamship company a
of $110,000.
Iu November, 1881, it was terminated, and
the amount was made $95,000 per month, and six months’ notice is

monthly subsidy
in Feb., 1882,

required to terminate the agreement. On April 30. 1883, the com¬
pany’s liabilities were $1,295,288, which included. $1,013,528 loans du«
to Panama RR. Co.
Report for 1882-83 in V. 36, p. 621.
The following is a statement of the earnings and expenses for the
years ending April 30,1881,1882 and 1883:
EARNINGS.

1880-81.

Victoria Line..';
Trans-Pacific Line
Australian Lino
Austral’n&N. Zea’ld subsidies..
Cent. Am. A Mexican subsidies..
Hawaiian Government subsidy.

1881-82.

1882-83.

$745,344
1,950,507
80,887
973,472
307,073
203,550

$693,065

$799,767
1,844.462

1,675,777
1,058,370
334,870

715,732
353,200
173,980

12,897
18,225

8,270

3,876

$4,402,647

$4,124,713
3,223,036

$4,102,764
3,190,507

$901,677

$912,257

3,000

Miscellaneous
...

5,500
17,941
27,766
61,616

99,410

Interest and dive, on investm’ts.

Exchange, Ac.

208,931
90,463
8,000
13,663
37,698

1

3,172,705
3,172,

Expenses
The balance sheet

$1,229,942
April 30, each year was as
ASSETS.

Cost of steamers
$10,729,762
Real estate and improvements.. '1,077,912
Coal supplies, Ac
479.807
Profit and Ijss..
Total

Capital slock
San Francisco—Unpaid bills.
New York—Unpaid bills
Panama RR.

<

48,956
.

Coal freights
John Pirie A Co

(coal)......

Agents’ balances
Due couneLting
panies

steamship com¬

Passage credits and orders
Panama drafts
Miscellaneous..

(V. 34, p.




Income account for three years was as

Earnings (leased lines

$

2,355,267

included)

2,815,986

Proportion of earnings other assoe’ns.
Patent royalties and manuf. profits...
Profit

1832-83.

1831-82.

$

Revenue—

ami loss

431,573
145,547
13,109

2,946,277

582,231

605,596

339,321

528,256
13,116

2,995,496 3,737,538 4,093,245

Total revenue

Disbursements—

Operat’g expenses (leased lines incl’d)
Maintenance of upholstery, Ac
Prop’ll of expenses, Ac., other assoe’ns
Rental of leased lines
Coupon interest on bonds
Dividends on capital stock
Profit and loss
Total disbursements
Net result
Balance of account for rebuilding,

763,310

175,499

132,(500

264,000

191,8(57

482,166

917,308
207,156
148,427
264,000
169,043

976,380
217,634
175,702
2(54,000
171,074

870,937 1,235,142
20,995

2,014,442 2,597,866 3,039,932
Ac.

981,054 1,139,672 1,053,313
128,136

981,054 1,011,536 1,053,313
Paid 1*2 per cent extra dividend Nov. 1, 1883.
—(V. 35, p. 298, 319; V. 37, p. 421, 445.)
Balance of surplus for

the year

paid off July, 1879. The preferred
not cumulative, and any surplus
and preferred equally. (V. 32, p. 336; V. 33,p. 178.)

Quicksilver Mining.—Bonds

stock n

$11,971,158 $12,382,159
1,079,513
1,079,513

follows:

1880-SI.

entitled to 7 p. ct. per annum,

goes to

the common

Co.—This company leases equipment to
plan, taking obligations of the railroad com
over ten years at the utmost, which
the princi¬
8,545,060
7,671,576
7,198,895 panics running not the special series of bonds issued bycoverEquipment
pal and interest of
the
Co. running for similar periods. The title remains in the lessor till last
$2i,7(51,598 $21,684,617 $21,295,288
payment is made, and then vests in the purchasing railroad. In the
U ABILITIES.
meantime the title is held intrust for bondholders and the bonds ar*
.$20,000 000 $20,000,000 $20,000,000
28,926 virtually a mortgage on the rolling stock, till paid off.
72,153
19,457

o.—Loans
Do.
Balance demand note.
Do.
Traffic account...
Unclaimed dividends

Suspense

follows:

450.072
512.328

928,456

Sundry assets

102,8 0

increased from time to
the price ruling ahovo
par, gave a bonus to stockholders when subscribing for new stock.
Annual report for year ending June, 183 C in Chronicle, V. 37, p. 445.
Pullman Palace Car.—The stock lias been
provide new capital, as wanted, since

time to

1,400,000
90,847
77.301

3,404
2,244

369,774
2(51,947

44,167

65,396

1,212,632

1,013,528

.

,

80 576
]

,404

5,002

27.10V
6.082

76,516

20,104
23,642

.

4

.

76,123
1.404

31,470
47,126

384,174

36,319

.

18,625
745

1,516

11,093
4,376

Railroad Equipment
railroads on rlie “ Car Trust”

Railroad.—The railroad and tunnel
1878. Foreclosure under
was made Deo. 20,1878.
On July 1, 1881, the bridge and Tunnel Railroad were leased to the Mo.
Pacific and Wabash .St. Louis A Pacific, for the term of their cor¬
St. Louis

Rrldge A Tuiuicl

sold under the mortgage ot 1*73, July 1,
the lirst and second mortgages on the bridge
were

porate

charters, on the terms

17,460
25,009

1,590
5,752
1,503

.$21,761,598 $21,684,647 $21,295,288
178, 625. 635 ; V. 36, p. 621).

fallowing, viz.: Of the stock $2,490,000

preferred, by the terms <*f the lease, is guaranteed 5 per cent till Jan¬
uary, 18*5, and then (5 per cent; $3.ooo,000 2d preferred is guaranteed
1st

3 per

cent per annum.

Hie first semi-annual payment,

lwing July 1,

guaranteed 6
cent a year.
one-half payable by

1«S4. The RR. stack of $1.2 >o,0o0 is
per
The whole annual charge for rentals is $670,600,
Missouri Pacific and one-half by Wab ish. The common stock

was held
and under the lease waj
to vote

by the London Reoriraniz u iuu Committee,
transferred to Mcrcant.ih\Trust Company of N. Y. with power
thereon. The Tunnel Railroad stock is guaranteed 6 per cent
uum.

per aa

MISCELLANEOUS STOCKS

88
Subscriber* will confer

a

DESCRIPTION.
For

explanation of column headings,
page of tables.

Amount
-

Outstanding

$25

1188765--432790..
‘

1,000

10

Mortgage bonds (for $2,000,000)

1879

.

United Stales Express—Stock
United States Rolling Stock—Stock

i'OO

Wells, Fargo <6 Company Exjrress—Stock
1872
1875
1875

Comstock Lode for facilitating

(V. 30, p. 240; V. 34, p. 452; V. 36, p. 358.)

United State*

mining

Express.—No reports.

Rolling Stock Co.—The .assets, Dec. 31, 1881,
$1,058,470 m locomotives and cars, and total including
shops, Ac., $5,635,496. Tfie net income in 1381 was $329,771 over all
to

charges.

Wells, Fargo A; Company Express..—An increase in capital to
$6,250,060 was matte in 18/9.
Western Union Telegraph.— On the practical consolidation with
the Atlantic A Pacific in 1878 tne Western Union had a monopoly of
tele¬
graphing business in the United States. In 1879 the American Union
opposition line was started under the auspices of Mr. Jay Gould. The
Western Union Co. divided up its surplus stock, making a scrip dividend
of 17 percent to stockholders of record June 20, 1879. On Jan.
19,
1881, was dated the grand" consolidation, in which the Western Union
raised its stock to $80,000,000. giving par, or $15,000,000. for the stock
and bonds of the American Union; 60 per cent for old Atlantic A Pacific
stock was given in new Western Union; and a stock distribution of 38
per cent to Western Union shareholders. An injunction was obtained
against the stock distribution and litigation ensued, and after a de¬
cision at first in favor of the Western Union, the stock dividend was
in November, 18S2, declared illegal by the General Term of the New
York Superior Court, but was dually held to be

legal by the N. Y. Court

of Appeals in October, 1883.
In March, 1882. Jay Gould and associates obtained a
majority of the
Mutual Union Telegraph stock of $10,OuO.000, and so stopped its oppo
Bition, but disagreement followed until, in Feb., 1883, a lease was agreed
upon. The Western Union also leases the American Cable, with a guar¬
antee of 5 per cent per annum on its $10,000,009 stock, raised to

$14,000,000.

The statement for the quarter ending Dec. 31,1883

1882

(partly estimated),

follows, compared with the actual figures for same quarter iu

was as
:

1882.

Surplus

$1,750,000
126,420

..

1883....

$1,926,583
1,199,794

$1,623,580
1,399,784

$726,789

revenue

Dividends, ILjin 1832 and 13* in

1883.

$2,053,145
126,562

Net revenues
Interest and sinking fund

$223,736
$4,065,509

Balance, surplus, for the quarter

Total nominul surplus balance Dec. 31... .$3,393,885

GEORGE

H.

•

m

m

by

I pal, When Due

-SYoe/rs-Last’
Dividend.

....

Fob.

New York.

April 1, 1894
Oct. I, 1896

....

•

•

•

London.
Jan. 1. 1891
New York, Office.
Nov. 15, 1883
M. & 8. New York and London.
Feb., 1884
J. & J.
New York, Office.
July 16, 1883
New York, Office.
Q.-J.
Jan. 15, 1884
M. A N. N. Y., Union Trust Co.
July 15, 1902
M. & N. N. Y., Treasurer’s Office July
16, 1900
M. A S. London, Morton, R.&Co March
1,1900

m

.

1

Q.-F.

2k?
4

1%
7 g-

r*
1

6 g-

revenues of the years end’g June 30.
Expenses (including leased line rentals and

$17,114,165

$19,454,y02

9,996,095

11,794,553

$7,118,070

$7,660,349

$4,798,473

$5,199,124

taxes)

Net income
From which there was
For dividends
For interest on bonds

applied:
427,091

sinking fund appropriations

41:6,817
40,094

40,097

Total

$5,265,662

$5,666,035
$1,852,408
$1,994,314
Nominal balance June 30
$1,979,666
$3,658,553
The annual report for the year ending June 30, 1883, was in the
Chronicle V. 37, p. 397. The general results of operation as given made
a favorable exhibit, but the annual report is
very brief in details, and

Leaving

does not state what the operating expenses were as distinguished from
the rentals, which are becoming a large amount in the annual disburse¬
ments. No general balance sheet is given, nor any statement as in
former reports of the amount of the expenditures for new
construction,

patents, Ac.

The balance for sixteen years, from the date of the general consoli¬
dation—July 1, 1866, showed the nominal surplus to June 30,1883, of
$20,543,381, out of which the stock dividend was declared iu 1881 to
the amount of $15,526,590, leaving a nominal balance of $5,016,792.
The following statement shows the mileage of linesand wires, number
of offices, and trallicof the company, for each jrear from June 30, 1866,
to June 30. 1833 :
Miles of
Years.
Line.

37,380

Miles of No. of
Wire. Ollices.

75,686
85,291
97,594
104,584
112,191
121,151
137,190

No. of Mes¬
sages

Sent.

Net

Receipts.

Receipts.

2,250
$
2.565
5,879,282
6,568,925 2.624.919
50,183
3,219
6,404,595
7,004,500 2,641,710
3,607
52,099
7,934,933
7,316,918 2,748,801
54,109
3,972
9,157,646
7,138,737 2,227,965
56,032
4,606 10,616,077
7,637,448 2,532,661
62,033
5,237 12,444,499
8,457,095 2,790,232
65,757 154,472 5,740 14,456,832
9,333,018 2,757,962
71,585 175,735 6,188 16,329,256
9,262,653 2.506.920
72,833 179,496 6.565 17,153,710
9,564,574 3,229,157
73,532 183,832 7,072 18,729,567 10,034,983 3,399,509
76,955 194,323 7,500 21,158,941
9,812,352 3,140,127
81,002 206,202 8,014 23,918,894
9,861,355 3,551,542
82,987 211,566 8,534 25,070,106 10.960.640 4.800,440
85.645 233,534 9,077 29,215,509 12,782,894 5,833.937
327,171 10,737 32,500,000 14,393,543 5,908,279
1880-81.-110,340
131.060 374,368 12,068 38,842,247 17,114,165 7,118,070
1S82-83.144,294 432,726 12,917 40,581,177 19,454,903 7,660,350
—(V. 35,p. 189,310. 339, 393,421. 427, 5 46.559. 699. 737. 764; V. 36.
p. 82. 162. 197, 254, 313, 358, 427,
575, 676; V. 37, p. 295, 376, 397,
.

46,270

’

6689

PRENTISS

Dealers in Brooklyn and \cw York Gas and

j Bonds-Prin^.

West. Union Tel.
Oct., 1883
Company’s Office. Uee. 11,1883

Gross

;

For

United States

amounted

XXAVIIl.

From the annual report published in the Chronicle, V.
37, p
3o7, the following was given for the fiscal year ending June 30 1882
The revenues, expenses and profits were as follows:
1881-82.
1882-83.

Spring ^fountain Coal Co.—This is guaranteed 7 per cent per
by Lehigh Valley Railroad.

year till 1885

Sterling Iron Sc Railway.—The property of this company, in
Orange County N. Y., (and a few acres in Rockland) consists of 25,000
acres of land, with furnaces, &c., having a capacity of 15,000 tons of
pig iron per year, and 8*2 miles of railroad, houses, Ac. The company
endorses the $471,674 bonds of the Sterling Mountain RR. A. W.
Humphreys, President, 42 Pine Street, N. Y.

m

6,250,000
80,000,000
1,373,000
3,920,000
931,176

1,000
£100 «fec

•

•

•

7,000,000

1,000

A. & O. N.Y.,
J. & D. N. Y.,

7
6

5,000,000

.

Real estate bonds, gold, sinking fund
Bonds, coup, or rcg., couv. till May, ’85, sink. fd. 1 p. ct.
Sterling bonds, coupon (sinking fund 1 p. ct. per annum)

.

Where Payable and
Whom.

1 Payable

2^2
3^

18,920,000
600,000

100
100

Western Union Telegraph—Stock

Cent.

1.500,000
2,300,000
418,000
495,575

500 Ac.

1880
1876

per! When

Rate

$948,000

50
50

Plain income bonds
Bulro Tunnel—Stock

operations.

I VOL.

INTEREST OR DIVIDENDS.

Date
Size, or
of
Par
Ac., see notes on first
Bonds Value.

Mortgage bonds, income, series “B”

on

BONDS.

great favor by giving immediate notice of any error discovered In these Tables.

Southern <£ Atlantic Telegraph—Guaranteed stock
Spring Mountain Coal—Stock, guar. 7 per ct. by L. Y
Sterling Iron <£ Railway.—Stock

Sutro Tunnel.—Tunnel

AND

&

CO.,

City Railroad Stocks and Local Securities, and also
Exchange.

all Securities Dealt in at the Yew York Stock

1 1

"Wall

St.,

New

York and

Montague St

GEORGE H. PRENTISS, Member of N. Y. Stock Exchange.

!

GAS

COMPANIES’

STOCKS

AND

RONDS.

,

W. \V. WALSH.

.

(BROOKLYN

CITY

Brooklyn.

RAILROAD

STOCKS

AND

BONDS

■

GAS COMPANIES.

Brooklyn Gas-Light
1
Citizens’ Gas-L. (Bklvn)..

Tar.
25
20

[Amount. Period
2,000,000 Var’s

11,200,000

Var’s

1,000 ! 259,000 A. A O,
50 •1,850,000 F. A A
20 )
Jersey City & Hoboken..
750,000 J. A J,
•
Manhattan
50 4,000,OIK) Var’s
100 ,2,500,000 F. A A.
Metropolitan
j
Bonus
1,000 j 700,000 F. A A.
Mutual (N. Y.)
! 100 3,500.000 Quar.
Bonds
! 1,000 •1,500,000, MAN.
Nassau (Bklyn.)
25 1,000,000 Var’s
Var’s | 700.000 M.AN.
Scrip
New York
100 4,000,000 M.AN.
10 11,000,000 J. A J.
People’s (Bklyn.)
Bouds, 7 per cent
1,000
400,000 M.AN.
Var’s
Bonds, 6 per cent
100,000 J. A J.
60 1,OIK),000 Quar.
Williamsburg
Bonds
1,000 1,000,000 A. AO.
100 1,000,000
Metropolitan (Bklyn.)...
100 3,000,000 Var’s
Municipal
Bonds
1,000
750,000 M.AN.
Fulton Municipal
100 3.000,000
Bonds
Harlem

Bonds

Equitable

'Too

2,000,000
od

*

Date.

,|

5
3
3
3

Bid.

Ask

[Feb. 1 .’84

*

!.Ian. 1,’84
VS’g F., ’99
277

137
106
82
90

*73'

’76!

5

S»a

110

'
Oct. 1.’83!

97

1100

Jan.22,’841110
>106

114
111)

“

90

1900

Jan.-1,’84
Dec. 6,’83
1888

1900

Ameunt.

$652,000

.-.

217
110
120
110
98

stocks, bat date of maturity of bonds.

Par.

Rate

$50

500,000

Broadway....

3^'Nov.l,’83
3
2
3
3

CO’S.

Bonds

!

3^ Jan.,

RAILROAD

Atlantic Avenue

(Feb. 1.’84
7^ Jan. 1, ’84
5
'Feb. 1,’84!
ID j Feb 12.’84|
3
1901
2^ Jan. 10,’841
3 I
1902
I
3
Sept. 1 ,’82
5
INov.1,’83]
5 | Nov. 1,’83
j

300.000 J. A J. 6

•This column shows last dividend




"S I
«

!

1st mortgage
2d mortgaue

1,000 5

350,000

100
1.000

250.000

100,000
200,000
Brooklyn Cross-Town.
200,000
Scrip
1st mortgage
300,000
Rrooklyn City
! 2,000,000
1st mortgage
800, IKK)
Brooklyn City A N’n.. 1,000,01!()
1st mortgage
400,000
Busliwick Avenue.....
500,000
1st mortgage
400,000
500,000
Coney Isl’dA Brook’ln
2d mortgage
100,000
3d mortgage
75.000
Consoliuated
125,000
.

Grand St. A Newtown.
1st mortgage

170.000

1.000
100

1.000

1,000
100

1,000
100

1.000
100

1,000
100

1,000

1,000
1.000
100

175,000 1,000

Ask.

0

Dec.. 1884

A 7 Due 1885 A 1894
3 1-2
Feb., 1884
7
6
4
Nov.. 1883
7
Jan. A July.
7
May A Nov., 1888
3V
Feb., 1884
0
Jan , 1902
1 h
Feb., 1881
7
Oct. A Aug.. 1890
2
Feb.. 1884
6
Jan. A July, 1902

Feb., 1884

O

7
7

A July, 1885
A July, 1887
5
Jan. A July. 1903
Jan , 1884
2^
7
Feb. A Aug., 1896
.

155
110
210

150

100
105
203
105
90

160
115

(814
112
108
160
105
110

207
107

95

115
170
110
100

100
100
100

101

90

100

108

112

110
160

108

f*EB,

Capital.

Mid. tliusr)
are not Natl.

Dividends.

Surplus

O

at latest
Par Amount.

****

v'*j ■

Net

k PIT A t

Period.

Jun.1.

Latest.

ictsa. 1(300.

DTVTnirvna

Surplus,

Companies.

*

LIST.

STOCK

INSURANCE

LIST.

STOCK

BANK
COMPANIES.

89

BANK, GAS INSURANCE AND CITY RAILROAD STOCKS

1884. j

,

1884.

Amount.

Par.

1881.

188?

I

T.aat. PniA

—-

$
$
America*.. 100 3,000,000 1.7’31,400
Am. Exch. - 100 5,000,000 1,411.100
236,900
250,000
Bowery.... 100
Broadway.. 25 1,000,000 1,343,200
Butcb’s’ADr 25 300,000 297,600
100 12,000,000
493,100
Central
100
258,500
300,000
Chase
244,300
Chatham.... 25 450,000
Chemical... 100 3UO.OOO 3,765,400
*}
17,400
Citizens’.... 25 GOO,000
100 1,000,000 1,839,600
City
Commerce.. 100 5,000,000 3,159,000
,

1,000,000

1,000,000
250,000
100,000

150,000

J.
N.
J.
J.
J.
J.
J.
J.

A
&
&
&
&
&
&
A

J.
M.
J.
J.
P.
J.
J.
J.

277,600
1,017,000
130.000
51,600
120,800

8

J.
N.
J.
J.
A.

10

J.
J
J.

7

Germ’n Ex.* 100

200,000

1 76,700

Germania*.. 100
Greenwich*. 25

200,000
200,000

Hanover.... 100 1,000,000

St/Nicholas*
fleahojirrl *

....

Marine
Market

Mechanics’
Mecli. A Tr.
Mercantile..
Merchants’.
Mcrch. Ex..
.

Metropolis *.
Metropolit’n
ML Morris*.

Murr’y Hill*
..

New York
N. Y. County
N. Y.N. Ex.
Ninth
N. America*
North Riv’r*
..

Oriental*.
Pacific *

..

....

Park

People’s*.

..

Phenix
Produce*..
Prod. Exch.*
Remiblic
.

..

Seventh W’d
Second, i
8hoe& L’thr
Sixth
State of N.Y*

Third
Tradesmen’s

600,000

6
8
7
6
7

May.

&

493,600 J.

Jan., ’94. 4

Oct.,’33. 5
...,

3
Mav, ’83.10

8
6

J.

8
10

F.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
M.
J.
J.
F.
J.
J.
J.
J.

151,200

172,600
3,000,000 1,400,000
33,300
100,000

300,000

100,000

140.4 00

500,000

66.300

2,000,000 1,019,090

7*2

& A.

Jan., ’84. 5

8
8
8
6
6
7
6
7
10

&
&
Si
&
A
A
A
A
A
&
&

J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
& N.
A J.
A J.
A A.J
A J.
A J.
A J.
& J,

9
7
8
8
7
7
6

50,200
200,000
93,200
300,000
750,000
215,000
243,500
700,000
72.200
240,000
279.500
300,000
2 29,400 Q.-F.
422,700
2,000,000 1,181,200 J. A J.

200,000

1,000,000
123,400
l.OOO.oOO
1.500,000

100
100
100

500,000
500,000

300,000
300,000
500,000
200,000
800,000

100
100
100 1,000,000

40,1,000,000
50! 1,200,000

.

Jan.,’84. 3

Jan.,’84. 3
Jan.,’8 4. 3*2
Jan.,’84. 3
Jan.,’84. 3*2
Jan., ’8 4. 5
Jan.,’84. 3
Jan ’84. 4
Nov.,’83. 4
Jan.,’84. 6^
Jan.,’84. 4
Feb.,’84. 3^2
iJan.,’84. 312
.Tan.,’84. 3
Jan.,’84. 4
Jan.,’81. 5
Feb.,’84. 2*2
Jan.,’84. 5
Jan.,’84. 5
Jun.,’81. 3
July,’74. 3*2

12
8
8
8
7
7
6
8
10
10
9
10
6

7^2
10
10
8
10

125.200 J. A J.
254,800 J. A 3.

Feb.,’84. 4
Jan.,’84. 4
Jan., ’84. 4
Jan.,’84. 4

6

,

Lafayette (D
Long Isl.(*) .t
Man. A Build.
Meek. A Trad
..

J.

..

Jan.,’82. 3

20
8
6

J.

J.
J.
N.

7ih

J.

7

J. A J,
7 15,800 M. A N.

7

o

57.800

500,000

101,900 J. A

MOO.dOO

1

10

Nov.,’83. 4
Jan.,’84. 3*2
Jan., *84. 3*2
Nov.,’83. 5

To. lOO .1

.Ki

t

150,000

100
50
100
30
20
40
50
50
100
25
50
50
50
50
50

19,138 10
4,2 03 10
284,681 10

500,000
200,000

200,010
150,000

103,627 10
141,691 12

67,066 14

6
10

10
10
7
11

106,786

1,060,000

686.160

200,000
500,000
350,000
200,000
200,000

200,000
200,0001
560.000’
350.600

200,000
250,000

300,000
250,000.

!

7

*

5

Jan.,’84. 5
Jam, ’81.

Jan.,’84.
Jam,’84.
Jan.,’84.
Jam, ’81.

10
10
10
11
4
12
8
14
10
12
10
10
10
7

10

Jam,’84.
Feb.,’84.
Jan.,’84.
Oct., ’83.
Jan.,’84.

20

6
4
5
4

7

Jan., ’84. ft

Jan.,’84.
Jan ,’84
Jan., ’84.
Jan.,’84.

6
5
5
6

Jam,’84. 3'*
July,’81. 4

none.

Feb.,’84. 2

11
10
10
20

10
10

5
3
5
5

Jan..’84. 5
Jau., ’84. 5

none. noiie. none.

10
10
10
20

3

July, ’83. 5

none.

10
14
8
16
12
16
10
10
10
10
14
14
12-46 7
9
none.

163,263
121,015
6,6 72
24,6 24
127,012
226,690
-202,563
433,128

Jam,’84. 3
Jam,’84. 5
*“

6
10
10
3

10
14
10

200.000

210,600

10

10

150,000

200,000

.

none.

73,246
165,167
72,611
340,503

200,000

July,'83. 3
July,’83. 2i«
Sept.,’83. 5
Jam, ’81.10

2^
10
20

82,501 10
19,8 74 8
154,659 10
10
14
10
10
70.199 10
324,200 14
98,7 66 8
375.735 20
74.7*0 12
202,943 20

Jan., ’84. 71a
Jam,’84. 3
Jam,’84. R
Jim ,’8 4. :>
Jan.,’84. 5

10
10
10
3

10
20

91,6 lOjiume.

*59,884 10

150,000
306,000
200,000
200,0o0
250,000
200,000
200,000
206,000

10
10
10
3

iDfl
5

7
Jam.’84. 5
Jail., ’84. 5

j

none.

none.

198,656 20

210.000

513

5
4

Jan.,’84. 5
Jan ’84. 5
,

Jam,’84. ft

Jan., >84.10

*

IPS'3 The following companies have been omitted from the above
table, viz.: Importers’ A Traders’, Loullard, Manhattan, and Tradesmen’s. These companies have discontinued business and are now., in
liquidation.

CITY

STOCKS AND BONDS.

RAILROAD

HORSE

Dividends and internal;.
<c

Amount.

Par.

Railroads.

P

1883, for National banks and Dee. 2J 1883,lor State banks.

Par.

Gas Companies.

Amount.

j
■

6
eg

.

; «
Brooklyn Gas-Light
Citizens’ Gas-Light (Brooklyn)
....

Harlem
Jersey Oitv A Hoboken

Manhattan..
Bonds

Mutual (N. Y.)...
Bonds

500
KH)

...

;;;

Nassau (Brooklyn)

1,0011

i

wl n ivr

750 ()00 F.

3,590,000j
1

Yar’s.

New York

10

...

n.

1;

109

V

50m.000 M. A N.

cv; ii.

N

lA

3*000

AT

«

XT

0(10

.Ti.

.

U.

6

A

0-*2

5

t)

’2
3
*}

-T.

M. d Z ^

100 3,000,000
30 -.000 T.
100

2i2 Jan., 1884
1902

Sept, 1882
Nov., 1883
Nov., 18v3

J. 312 dan.. 1876
3io Nov., 1883

(Vin (ton
i w 111

1

r

Various! 3

1,000,000 .1. A

7r»( » on o

Bonds

Bonds

*

A Aj

4,uOUfOiiOrM.

non 1
-»

Pulton Municipal

-

375.000 M. A N.
1.000
Yar’s.
125,000
50
466,00 F. A A.
50 1,0* 0,u00 Oiitir.
i

Municiimi

^

Quar.

/ui'jvv Wjiu.

100

People’s (Brooklyn)

Bonds
Bonds
Central of New York
Williamsburg h...

O

25 1,000,000

oenp

Date

.T.

5
(j

Oet.,
Feb.,
Nov.,
Oct.,
Jan.,

1883
1884
1883
1883
1884

Dee.. 1883
1888

6

2.000,000
*
This eolunm shows last dividend on stocks, but date of maturity
of boiuls.
...i

J.

1 st, mortcairo,
-it

otui

K

1st mortgage

Lcnirai crossiown-"OlOCH.
1 st,
.

.

.

.

Igilgu

1M ill 113

Christopher A :otn st.—stock.
Bonds

.

....

D. D. E. B. A Battery—Stock..
3 st mortgage, consol

Scrip
Eigl it li A veil ue—Stock
8orin

42(1 A Grand St.

Ferry—Stock.

1st mortgage
Iloust. W. St. A Pav .F’y—Stk.
1st mortgage
Second Avenue—Stock
3d

mortgage

Consol
Sixth Avenue--Stock
1 st mortgage
Third Avenue —Stock
) st

mortgage

Twenty-Third Street—Stock...
1st

'illy, 1900
iJam, 1884
i. nine, 1884
Tern, 1884

Jmi

7

1,000 !,500,000
10 2,00 *,O()0
1,000
800,0* ■ 0 J. A J. 5
100
200,000 A. A O. 4
400,000 J. At J. 7
1,000

mortgage

-

..

500 000

loo

n/WV

100

.

_.

N.*A E. Rlv.—Stock

tiiubin. mui

A I).

34 Jan. 1884
7

.,

,

Brooklyn Orosstow 11—Stock...
1 st mortgage bonds
Buskwiek Av (Brooklyn)—Stk
Cent. Park

!(>(•

Ave.—SLOCK.

III

joruuKiju y^xiy

25 ■2,000,060 Various 15
Feb, 1384
20 1.200.000 Various 3
Jan., 1884
3 i 5.000 A. A O.
*2 oct.., 1883
1,000
F( b., , 884
50 1.850,000jP. A A.
750.000
7 lo July, 18*3
2b
50 4.0 O.OOoi.T. A ,T. 5
Feb., 1884
li ,(>

A~

A J.
700.000 J. A J.
! UU.UUU
(>.--J.

1,000

1 st mortiraire

3

900,000 J.

100

Bleecker St. A Fult. F.—Stock.

-wx

I

Date.

Period.

.T

Broadway




14,686 6
111,1 74 126>

777,2 5- 10
1,000,000
3,060.000 1,663.133 10

IP rsruuKjyn.

Dividends and interest.

Equitable..

200.000
200,000

Jan..’84.
Jan.,’84.
Jan.,’84.
Jail.,’81.
Jam. ’81.

over all liabilities, including re-insurance, capital ana scrip.
surplus mciuaes scrip.

6^2 Jan.,’34. 3

J.

GAS COMPANIES’ STOCKS AND BONDS.

minus

200.000
1,000,000
1,000,600
200,000

50

12
5
5
12
13
10
10
30

.ian.,’84. 5
Jan.,’84. 6
Feb.,’84. 7
Jail.,’84. 7i«
Jail.,’81. 5
Feb.,’84. 5
Jan.,’84. 5
8^ Ji n.,’84. 313
15*05 Jan., ’84.7*70
15
Oet., ’83. 7*9
3
Jan.,’84. 3
7
Feb..’84. 3*a

192,600

500,000

dun..’84.10
Jan.,’84. 4
dan.,’84. 4

20
8
8
8
7
7
10

150,000

Jan.,’84. 5

L-

8

3"

j.

200,000
204,000

50
25
North River.
25
Pacific
100
Park
Peter Cooper 20
50
People's
Plienlx(J).... 50
25
Rutgers’
50
Standard
100
Star
100
Sterling
Stuyvesant.. 25
Unit’d States 25
10
Westchester.
W’msbg 0. (*) 50
*

359,600 J. &
51,900
80,300 J. A
127.100'J. &
192,900!J. A
60.000 ,T. &
461.600 M. A
350,900 J. Se

200,010

Niagara

Feb.,’84. 3
7i* Jan.,’84. 4

8
7

300,000
200,000

Meeh’nies’ (f;
Mercantile
Merchants’..
Mon tank (J)..
Nassau (!)....
37 *2
National....
N.Y. Eq’table 35
N.Y. hire
100

25,300
9 07.400 F. A A.

.t

Knick’bock’r

Jan.,’84. 5

8
8
8
8
6
6
7
6
7
10

.

Kings Co.(J)

Jan.,’81. 7
■

12,000
5,200
200.000
2,050,OOOil,009,900
246,900
400,000
340,400
500,000
2,000,000 1,0 77,200
50,000
200,000
201,600
1,000,000
615,400
2,000,000

1,000,000

Irving
Jefferson.

14

14
8
10

.

..

....

Nov.,’83. 4
Nov.,’83. 3
Jan.,’84. 312

7

1,000,000

50
25
100
15

..

Feb..’84

6
10

210,000
250,000
200,000

100
50

.

Nov.',’83. 312
........

300,000

17
10
100

...

10
10
12
14
15
10
10
10

8*9

10
55.2 80 10
20
352,029 20 >■
14
331,139 16
20
204,542 20
10
429,936 10
110
174,285 10
10
116,474 10
10
45,7 89 10
1,661,7 97 14-35 14-70
15
678.319 15
7
55,7 98 7
72.2 79 10
883
12
S3,187 12
6
50,838 813
10
17,2 34 10
12
111,2 2o 11
1 >
1,685,0 10 12
10
817,897 10
10
110,066 10
30
264,812 30

200,000
300,000
200,000
153,000

40
Eagle
Empire City. 100
Exchange... 30
50
Farragut

Firemen’s
Firemen’s Tr.
FrauklinA E.
German Am.
Germania..
Globe
Greenwich
Guardian....
Hamilton
Hanover
Home
Howard

610,477 10

400,000

...

July,’83. 3

300.000

Union
U. States
100
Wall Street* 50
West Side*.. i on
t Dec. 31,

Jan..’84. 4

8
7
10

7

>500
125,000
1,500,000 2,624,900 J. & j.
1 79,500 J. & J.
500,000

TOO

Leather Mfr.
Lincoln
Madis’u 8<i*
Manhattan *

Jan.,’84. 4

6

10

186.500 M. & N.
46,500 M. & N.
597.300 J. & J.

100
50
100
100
100
50
100
100
25
25
100
50
50
100
100
100
100
100
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100

Jan.,’84. 4

7i* Jan.,’81. 4
8
Jan., ’81. 4

8

36,000 J. & J.
167,700 P. A A.

Home*

Jan..’84.10

Jan.,’84. 5
Jau., ’84.25
Jan.,’84. 312
181* Nov.,’83. 5
8
Jan.,’84. 4
812 Jan.,’84. 5
10
Feb., ’84. 5

6

418,800
500,000 3,437,700
3,200,000 1,053,800 J. & J.
331,400 M. <fc N.
600,000
901,300 A. A O.
1,000,000

50
Americaul...
Amer. Exch. 100
25
Bowery
Broadway... 25
Brooklyn (♦). 17
Citizens’
t 20
70
City
100
Clinton
50
Commercial.
Continental t 100

100,000

200,000
750,000

Imp.& Trad.
Irving

7
10
20
8
8
8
10
100
7

$

$

Jan.,’84. 5
Nov.,’83. 312
Jan.,’84. 5

9

8
7
10
18
10
8
9
100
7
10
8
9

Bi-m’ly.

■

100
100
Com Exch.
25
East Kiver .
11th Ward*. 25
100
Fifth
Fitth Ave*
100
100
Fii'st
100
F(>nrt,h Ti'lllfOTl
30
Gallatin .... 50
Garfield .... 50
Gerin’nAm.* 75

Continental.

A
A
A
A
&
&
A
A

J.
M.
J.
J.
J.
J.
J.
J.

AAA

OuU.UlH;

si--F.
J.
<Y.
J.

250 000 M. A N.
100 1.800 000 Q- -J.

1,0(0
1

:

l

,4

V

•

V

v\

•

"This column shows last dividend
of bonds.

t> *0,00(1 1*.

D.

!

2
3
6
2

Nov., 1922
Jam, 1884

stocks

but

DOiu

DCC*

Feb., 1884

aV a.

1898

Feb., 1884
June,1893

;Feb

,

1914

jJam, 1884
;

1914

;Nov.. 1883
April,1893
F, b., 1 884

July, 1894

ii

on

1888
Feb., 1884
Jam, 1884

1

2
i 1,000 250,000 A. tt u. 7
!
100,1,200,000 n--p. 4
,500 AC|
900.000,1. Sc 1). 7
10011,000,000If. a a. 6
3 00 1,050.000
3
C l~
n
loo 1 200 000 F. A ;
10(
74 8.000; M. A N.j 6
230,00 ; A. a O. 7
1,00(
102
250,000! Q.-F.
50(
>OU,UUUjJ. & J. i
lOv
{9(i.5o(»|.l. A J. 5
1 50 OOO A. <& O. 7
1,00'
1,000 l ,0“ 0,000 M. A N. 7
100
750 000 M. A N. 5
500,000, 1. A J.i 7
1,000
1(0 2.000,000 Q- F. j 4
1,600 2,000.(100! J. A J.| 7
60i» OOO IF. A A.* 4
10
2;>0 on
A1 .N. 7
1.00
100

Jam, 1902
iOct., 1883

Jam, 1884

April. 1885
Nov.. 1888

Sept., 1883
July, 1890
Feb., 1884
Jam, I<s90
theb., 1884
1

iv»av. 1893

dato^ot^mutui-ity

0032888888111

EARNINGS.

RAILROAD

8888111
021

90

EARNINGS

MONTHLY

34211002888 111

! Jan.

(1.107 to 1.540 m.).
(1.540 to 1.780 ill.).
(1,780 to 1,820 m.).,
(1,820 in.).

2,053,482
2,259,030
2.800.680
2,846,771

100,353
143,244

102,229
118,237

1.165.158

93,031
77,309
110,018

■Central Pacific—
...(2,301 to 2.580 m.)..
(2,58tt to 2,775 m.)..
(2,882

to

3.107 rn.).

54,490!

72,176!

68,187;

61,041
73,301

73,794!
90,219

88,074
112,147

95,093

202,335
102,540

(430 m.)..
430

208.740
251.070

512 in.)..
(512 m.)..
(512 m )..

;o

1883.
1884*

$

153.378

143.432

179.804

204,991

205,912!

209,1121 221,801
199,270; 224.920 | 201,439
195.089 : 232.522 200.357

221,748

184,680!
178,304|

149,504
105,630
199,278

218,252'

208,072

210,010;

80.0071 1 82,044
100,805!

84,417

100.029

110,394

188,325,
148,5511
14>4 p»si!
224.1071
252,913

141,052.

160,100

1,340,702

90,353 j
79,950

115,820:

198,681 i
184,399
179,053'
253,440

222,762.
228,491;
215.445!

221,559! 199,443
227,343! 252,235

337,795]

298,030

29,710

20,751!

207,454)

31.410

47.893

91,5S7i

97,550

93,5351 100,972

112,824
115,051

120,3331

300,155
307,040
103.404
3

180,841

55,498'

53,045!

524,054
403,120
595.830
040,380
000,703

497.013 '
4.4,31*!
517,897
557,38-1

257,040
331,173

36.240
47.540

38,951

542.961
558,190
504.800
000.878

610,128
548,550
550,577
040,730

50,020

620,473
529,915
588.70)
0S0.094

Ouiney—
tc 2,772 in.). 11,432,740 I 411,870 1,732.518 1,489,894 1,909,627
to 2,024 in.). i 1,307.948 l 034,82111,418.149 1,574,37111,070,450
to 3.229 in.)., 1,058,834 1,457,301! 1,500.21? 1.530,838! 1,505,201
10 3.241 ra.).. 1,025,680 1,011,021 2,390,584 1,824,130! 2,009,872
(3,241 m.).,

(152 to 220 m.).

72,400

(220 to 230 in.).
(230 to 240 m.)..

125.450
145,404
138.894

(240 m.)
(240 m...
,

214,255
241,135
271,382
323,845

238,230

259,1101

247.303

*25.096
310.787

262,858

381,454!

247.144
332,219

211.820
23)1,390
351,310

335,20.1

381.740

305,474

375,815

37.402
50,022

51/00
03,435

54,204
75,831

57,352

1,90a,222 20,508,112
2,225,179 *4.094.099

2,02n.849;25.6-2,757
1,808.458

*4,744:420

240.795
235,58;
300.732
345,300

218.009

2.074 308

253,350
300,385

3.334.978

58.289

203.50*!

3,900.793

70,695

01,1 as
58,051

47,090
51,530

529.319

70,\ 84

707.349

785,199

090,770

771.844

072,380

543,723
640,812

749,915
801,1S7

7,687,220
7,557,741

934,945

858,074
901,019

740,220 8.810,010

1,682,050 1,773,643 1,834 321 1,862.285 1 934,702
2.083,802 1,888,358 2,173 ,945 2,262,981 2,931,001
1,437,104 1,625,000 2,080, 858,2.186,400 2.270.444
1,937,910 1/24, -.05:2,495, 124 2,900,105 2,742,48#

1,837,860
1.810.133
2,199,421
2,502,773

130,891
156,857
170,805
144,958

128,597
137,473

128.981

161.704

140,458

1,290,001
1,640,451
1.785,183

143,175

141,289

1,057,571

017,524
035,800

708.900

017,251

676,205'
702,(35;

007,508

731,503

701, 120,

709, 751!
850, 398
880, 556

774,7!))
912.602

I

83,205
117,119
127,212
113,391

89,278
121,037
130,421
139,980

83,689

111,800

134,070;

117,290

1

140,779
127,511

*8,881!

123,037!

93,234
144,879
132,001
143,205

114,129
125,139
151,703
120,354

131,7/7

131,904

150,497
170,380

150,915

172,215

150,187

155,537

713,103

701.0001 8.215.495
.

1,552,018 20,454,494
1.905.400 21,170.455
2,027.000 21.550,804

2,170,918 20,110,368

153,113

120,091

Chicago Milwaukee A 9t. Paui.900.670
991,297
871,041 1,134,745 1,037,958 t.020.709
738.749
(2,250 to 3,7/5 ui.).
764,299
990.848
082,718
910,989 1,259.940 1,538,491 1,720,81211,568.700 t .078,301
(3,775 to 3,051 m.).
(4,104 to 4,455 in.).. 1,434,53? 1,370.877 1,501.380 1,517,509! 1,027.933 1,610,431'1,404.927 1.545.198
1883*
2,0-14,000 1,972,000 2,034.000 2,023,000 1,829,000 1,851,000
(4,455 to 4.071 in.). 1,359,108
|
1
1884*
1,407,000
•

.

.

.

«

1,257,678 1,493,021
1,044,670 1,591,053
1.950,710 2,250.975
2,221,000 2,530,000

1,707,939 2,020,245 .2,105,217
2,704 m.).. 1,154.032 1,131,083
2.315,164 2 292,070 2,341,097
m.).. 1,240.007 933,2051
2,211,622 2,553,041 2,001,445
1,044.930 1,474,170!
1,311,305
.(3,580 to 3,798 ,u.).. 1.357,0*2 1,311,395 2.005,292 1,754,379 2,157,206 2,213,021 2.160,031 2,403,459 2,047,008 2,7) 3,991
(3,718m.).. 1,402, 00
Chic. St. Paul Minn. A Omaha—
259,783
259,208' 232,140 218,093 236.995 251,013 300,833 342.052
(08* to 940 in.)..
1880
173,078
193,827
251.040
201,211! 350,1*5! 404,502 383,202 370,897 873,370 370,029
158,595
257.785
18M1
359,450 422.718 522.200 518,*52
413.230, 377,288 402,882! 374,094
1882
.(1,003 to 1,147m.)..
327,478 333.439
1883
.(1,150 to 1,280 ni.).
282,250 438,520 434.0711 452,303 444,07* 444,333 495,019 523 808. 674,304
312,017
M ‘->S1I m )
1s84*
343, L0<
Cin. lud. St. liOuin A Chicago—,
177,101
237,284
228.653 221,320'
192,104
105,552
184,923 180,735 212,290
1881
18*,45>
(300 to 303 U’.')..
201,723
104.474' 100,215 103,372 *17,198 237.496 i 03.044 249.443>
18N2
188,072
(303. in.)
218,59
185,300
**9,0i0
242,09-4
1883
190,371
200,744 200,805
247,820 *52,2901
101,7-:
143,40-'
1 /vv4
175,08
A Texan Far.—
Cincinnati N. O.
240,384!
18s*
180,112 *08,210
199,507
188,835 223,108 228,334 2 43,241
(330 in.).
191,9
188,70S
1883
)85,7*o
173,1:0 208,203 208,820 228,358 241,138 240,328 200,073]
(330 111.
1884
(330 m.)..
182,204
Denier A Bio Grande—
100,883
1 04,883! 103,925
295,450 373,132 400,133 406,583 473,033'
1880
124.759
120,92*
020.043
514.707
005.0*7
600.193
308,493
4:13.111
581,220 548.284
317.083
1881
307,4 76
523,105
510.310
578.443
550,280
599,101
042,213,
1882
510,128
593,922 545,444
(1,000 to 1,100 in.)..
395,293
7*0.445!
4 48,50:
Y 453,400 7521,6ou 7573,700 7540,900 7517,300 7552,300 Y 582,000 Y018,000
1883* (j
(1,100 to 1,302 m.).
iasi*
(1,079 m.)..
474,0(K.
lies Moines A Fort Dodge—
51.450
40,001
30,225!
24,601
35,807
16,472
20,030
32,880
47,510
1881
24.9623.507
31,595
25.617
24,790
3* 072
85,375
21,380
28,242
31,293
1S82
32.S*.
*5.227
37,571
20,044
36,795
1883
20.01
28,920
23,183
22.000
40,102
21,573
....(138to 143 m.)
1 143 m.)
IK-vl
*0,48East Temi. Vn. 6c.
230,150 200,298 3018,714 312.422
1881
220.380
248,470
240,070
1882
254.00,
210,995 243,525 280,287. 320,358 386,216
234,764
(90* m.)..
1883
455,593
323.241
380,151
273,3*2 283,157 804,807 311,784 302,504 394,431
312,52*
...(90* to 1.1*3 111.)..
JKS4 *
< 1 1*3 ni )
309,879
Flim A Fere Marquette—
110 523
161.140
129.571
140.952
115,942
130,512
1880
120,085 114,878
118,802
110,277
171.400
137,514
153,482
100,.‘ISO
1881
100,058
219,081
102,520
152,051
(318 111 )..
158,101
131,503
148,503
199,007
190..* 14
100,157
1*7,440
1*8,509
175,113 .100.240
188*
107.548
103,88,3
(318 to :«? m.)..
204.803
1 '.0,55 4
200,82*
257.779
235.035
184,42
1883*
231,034
203,805
105,150
229,064
(34? m.>..
18.84*
180,449
Green Hay Winona A St. Paul—
31 <292
26,79';
34,881
Is 82
20.582
30,097
30,001
25.501
30,289
(219 to **o m.>..
35,000
80,305
50.104
20.843
33,020
30,808
34,172
40,115
ias3
35,099
30,935
22,198
(2*5 ni.)..
23,8*0
1884
30,109 3
(2*5 111.)..
Gulf Colorado ifc Santa Fe— Im
00.401
227,500
78.985
03,732
100.9 0
81,148
138,791: 194,053
(Hr>2
78,504
82,093
203,430
18*3
141,10-1
120,004
106,555
190,909; *28,292
(4s* 111 )..
133,590
140,771
102,015
139,150
.0

.(*,<78 to 3.018

.

..

.

.

.*

.

1.472,038

1397.300 13,080,119

1,509,598
2,072,973

1,864,209 17,025.401
1,904,709 20.386.725

2,388,000

2,15:,000 23,000,000

1,855.622
2.019,03
2,109,432

1.477.902 19.410.009

„

Chicago & Northwestern—

.

2,139,259
2,104.030

J

Chicago A Eastern Illinois—

<2.*w3

2.199,400
2,297,971

1,307,103

45,823

(840 in.)..
(840 m.)..

Chicago Darlington A
(1,857
(2,772
(2,921
(3,220

187,001

211,257

174,351]

281,395

Elizabeth. Lex. 6c llin Sandy—
(130 in.)
(130m.)..
(130 m.)..
'Chicago A Alton—
(840 ra.)..
(840 to 840 m.)..
(840 ni.)..
1&84*

124,509;
225,0301

,

(430 hi.)..

1881

1880
1881
1882
1883.
1884*

%
61,609

,583,000

'Cbenapeake & Ohio—

1882
1883*
1884*

40,821 j
51,731!

$
58,701'

%
47,525
51,982

.200,014 1 ,070.487 1.373,438' 1,356,716! 1,778,488 1,724,95011.840,067 1,973.43811,964.99? 2.120,229
,002,007 1 .454,218 1,709.037 1,872,370.2,091,411 2,159,311 8,899,340! 2,088.519 2,185,303 2.507,857
l,TO«,l«l
I VUi
I
7V,7 77.V-7,,77^ I ,8,1UU|TJUI
,830,409 1 /20.07a 1,009.737 2,054,087 2.342,298 2.229,10512,070,0487 2,350,557 ,2i495,445j2.424 529
.717,081
,405,95212,024.533 2,050,313 2.127,420 2,120,220 2,030,216 2,207,543 2,420,348 2,490,001

.(3,100 to 2,041 to 3,003 in.)..
(3,003 m.).,

1880
1881.

|

213.803

(24-1 to 270 m.).,
(270 to 401 ni.).,
(101 m.)..

165,171

184,310
107,750
252,823
107,402

m.).,

'Ceuirul Ioiva-

,

72,025

$

77,793

Total

193.419
232.812
240,062
201,207

58.250 i
57,005 i

$
44,145
52,304
54,853
77,781

$
67,503
80.875

Dec.

189.330
202,180
278,429
308,200

03.540

60,732
81,708

*
!
45.344i

*
47,820
62.49J
68,885
85,822

$
62,541
70,326

Nov.

847,215 8,550,075
1,458,752 12,584.508
1,458,040 14,778,304

(713 in.).,

1884*

Oct.

Sept.

i

903,728
1,303,385
1,349,312

in.).
m.).,
ni.).

(402 to 504
(504 to 580
(020 to 000
(000 to 713

••••

Aug.

643.921
80,897
789,372
04,779
850,724
100,782 1,050,174

51,227

(1,820 in.).
Burlington Cedar Kap. A No.—

1882*
188 >*
1884*

June. ! July. !

84,124 j

Santa be—

1881

May.

$
61,155
78,257
98.097
107,320

55.401
68,500
00.575
84,131'

(205 til.)..
(205 m.)..
(205 id.).
(205 in.).

1893
18«4

March.! April.

Feb.

RAILROADS.

PRINCIPAL

800.730 932.122
654,000 090,900 : 077.863 747,012: 657,580 674.229
481,103
478,331
902,303
9-18,479 1,040.125 1,197,550 1,000,033 1,000.040 1.155.809 1,283.023
743,208; 558,481
9 1,203.073 1,104,335! 1,183,701 1.153,479,1,117,003'1.251,063 1.329,113 1.430.220
,070,700' 1,055,000
5
001,255
935,005 1,284,120 1,100,086 1,180,808 1,140,10711,107.987 1,203,900 l 203,258 1,361,582

Alabauiu Great Southern—
(205 m.).,

Atchison Topeka

OF

[Vol. xxxvm.

1.855,470121.849,207

2,308,542

583,074

312.173
432.015
304.940
*444,000

211,014
223,303
212,075

215.809
190,504
180,579

2,400,347

242,82
237,483

208,814
223,517

2,567,135
2,587,504

408,502

3.478,007

035,858

349 193
081,385
448,810
T580.450

35,03?
32,002
34,117

S5.2SC.

28,410
31,716

401.925
347,104

342.894
302,921

515,008

660,829
495,709

8,122,095
4,021,901
4.902,200

5,529,103
2,415,372
2,570,103

0,244,780
6,404,980

7,301,545

.

.

341,935

*■

.

...

......

...

.

153-4 lu.)

1884

..

(292 m.)..

154,401

(292 in.)..

Iks 1
1883

133.232
182,088

122.871
100,32*
177,705

-170,356

013.800
524.499

013.0CS
557.7S0

Illinois Central505.212
.(1,275 to 1.321 m.)..
031,281
(1,3*1 m.)..
(1.9 0 m.).. 1,019.453
.(1,900 to 1,9*8 m.).. .1,101.050
919,900
(1,9*8 m.)..
Indiana Bloom. A: Western—
1881....
185,650
1880
1881
1882 «
1883/1
1884* a

170.100

*43,179

9 •'7.998

095,474
974,203 1,130,807

190,812
8,112
203,011

172,950
105.030
194,685

190,740
155.157
100,514

535,732

005,120

0S1.736
803.887
850,488
928,708

If

002,498' 073,259
887.4691 801,058
650,337

902,350

201.899

102,240
179.929

893,307
412,244

194.3:10

2,257,231
2,419,000

(775 to 8*5

m.).

105,007
273,410

732,755!

800.837

880.211

783.120

808.407

828,84?

815,238

978.033 1,083,805 1,131.550 1,311,455
927.470 1,093,004 1,247.809 1/9-1,310

737,218
1,278,201
1,321,541
200.451

255,034

873,182 8,304,814

763,475' 8.586.307
1.333,240 12.753.8o0

1,188,000

I

109,125

272,114 '

247,932

228,677

215.9
217.018

202.177,
319,713

288,253
202,905

281,140

204,735

270,941

233,972

275,330
147,580
191,921
•■253.490 *277,295 *308,323
301,245 401,087
298,070
207,830
328,131 405,802

254,597
*303,000
410,061

175/84
118,594

100,900
108,370
143,374

102.085'
*04.423,

203,677
220,016

200,004
180,477

109,8-10
102,317

202,931

268,801]

215,913

234,151

217,574

159,543

140,214

115,595

110,318

210.127
210,784

229.944
200.060

254,890!

342,138

293,540

32J.129

273,294

95,670
96,200
113,254
170.030 *172.001 *106.002
223.250
201,734
202,111
200,412 270,508 269,052

89.209
107,023
126.703

98.613
80,180
100,009
105,008

83.004
105,058
99.108

83.127
100.398

80,003
102,005

130,284

123,143

144,904

124,450

110.056, e 124,070
90,242! 101,027

112.363

110.401

07,881

77.913

187,290

1*3,57*

183,700

127,908
107,104
170,415
148,743

113,241
124.280
157.632

148,374

141.093

192,022!

208.577

,

13,073,017
--

2,487,509
2.740.227

202,8121 2,927,5o3
1,953,594

253,354*
*306,159
377,821

2,810.109

8,602,048

422,510

1.331, S68
108,118' 1.405,453
117,121! 1,519,004
110,082

132,330

Y Not including construction material.
r Includes $26,634 of miscel'aneous
Including cfoutt.iitn lire.
rj includes l-'tah lines In October, November and December, 1883, and January, 1884.
Embracii g coirections found necessary after muutl.ly totals hud been published.

Approximate tigurea.

2.101.052

100,005 2,543,815

230,025

231,913
210,2411 215.102
202,200 247,308 240,194
250,7? 5 j *201,703 *247,099

Luke Erie A WeNtern—
lhM
18s 2
1883*
1884

1,599,348
1,850,534

2-44.59?

724,095

172.470
235.223

...




87,978
30,127

47,831

198,085

International A Gt. Northern—
1880
(0*9 to 571 tn.'..

c

44,323

|720.004

10',320
180.052

*01.883
248.142

1883*
3884*

*

148,924
170,815
200,170

..

1882

a

152,08*
172,009
*03,44*
234,017

145,30?

(lannibtil A St. J oseph—

1881
1882
1883
1884

305,314
341,312 3.351,357
374,945 4,145,275

..

...

If

3i\oa
300,736
400,005

receipt*.

•MONTHLY EARNINGS OF

|

Jan.

674,455i!

.

1,11.8,735,1,014, SOI 1,141.337

& Charleston—

1881

I

^

r

75.27( 5
65,74
78,53- 4

74,00'
74,00'
86,38)4

115,644

84,40(

97.61 (

82,964

103,001

101,821

71,18'
80,70*

24.83f t:
39.07C

33.25
31,3 St

00,37
65,38

65,4:17

37,77‘.
36,75:
77,Old

64.59.

79,081

118,4*2"
83,lot

110,19c
107,54^

116,39]

100,61'.

169,151

133,801

330,51( 1
40U.16T>

337,56-

433.34:

393,44:

394,672
484.4*2-

472,048

444,20
512,04+

393,74f
480,33
575,087

537,501
541,1-4-*
005,27l

5.89.47(
500,907!
719,501

101,IKi
113,31“
,

1883

!

*

$

»
$
949,1!* 5 9,491344
1.158.779 It..‘{44,364
1,221.5< 9 12.981.48*

1,272,924 14,170/248

1,251,12 7 1,334,17 9 1,5J4,46 5

1/30 7,8(j 4

119,77 5
12(),76 1
145,31 1

131.427
13 5,18 9

137.8 C

IjO.OO 4

155,035 d.3:2,809

90,83 7
84,4 7 4

91,38 7
80.50 1
102,47; ■<

90,0 6
68, 41'

-

89,61C

>

106,65

.

(276 to 306 in.).
(306 to 326 m.).
(326 m.1.

U

1888*

J.

1«fUV

& West.—

;(3j1 m.).

1882
1883

1,129.380

’

1* •

30,34t
46.S41- 1
70,00t i
84,18:

35,90"
52,20;
75,51

48.061

1

07,01(
84,SO-

1

34.21

3-4,06

52.0 if
73.15t

81,835

59.93
7;>.17i t
96.201 t

85.5S5!
92,: 1,i,

138,11

406,60) i
455.30

514.167
025.42:
710,4 It

618,70

607,99+ >,

568,507

535.(5,Sv0

734.00-

659.57* 5|
91 )8.73v
903,5.1

1,651,929

141,74 5
176,05 1

142,32* 2
156,12 -

562.18 l
687.7.0: {
897,7)1

549.33 2

556,331

484,571
482.33 4
590,645

1.023.473

173,71 1
159,31 )

i
122,834
124,85(

79,405

)

533,95 {

437.82 T
OOp.SO) •

109,75

2

119,527
118,80t

427.738
635.659

44.65 4
80.905
98,79 >

63.99 5

12^,87:
142,291

104,30'
147,43(

5|

41,25
66,68 J

48.73 4

40.12 5
78.39 7
86,70!■5

38 64 2

87 26

28,01-

69,70f

Minneapolis & St. Louis—

1.231,091

•

146,4-1 8

115,60);

-

Milwaukee Luke S.
1880

}gP»

i

$

* Total.

Dee.

Nov.

931,911 1,000,32 > j
953.08 (
376.19 2
5)51.566 1,1)02.95 ) 1.065.2- 2
1,043,91 2 1.114,513 1.215.93 2! 1,209.90 2

*

110,05(

111,8412
(330 m.).

1882

$
827,08' )

j

Oct.

.1,037,00( 11

nasi

tit pm oh is

Sept. !

Ausr.

July.

11c.

*
$
*
976,231 1 772,53'
655,01 l
)
617.13;
828,721 11,237.88
958.13 ) 1,215.4?M ) 1,064.76'
947,45(), 1,002,34)* 1.09J.70 5 1,124 77(

612,59+
9l7p6(
960.315 1,068,834

575,03r>1
805.124

810.96(11
964.52'7!

..

.1II

May.

$
ryw.ss:
,850,86+
953,(VU :

$

*

iwnniflvillo & Nashville—
(1,107 to 1,840 m.).
1880
(1,840 to 2,074 m.J.
1881
(2,0-8 :n.).
1882 4
...(2,028 to 2,006 m.).
1888
(2.066 <r.).

PRINCIPAL RAILROADS—(Continued).

April

3Iuvcl»,

Feb.

01

E YKXINGS

1JAILROAD

l SSL]

FsBR.WARY,

131,0-

82.2‘J

1,543,423

1HR4

Missouri Kansas iSc Texas—
1881
1882
1883

(1,100 to 1,206 m.) ..

.

55-4.0-49!

...(1,296 to 1,386 m.)..

C34.90J

;

1

735,38.j

5.427,256

0,-421.517

694.11$

)

857,91

)

550.54

)

602.4!

$

6.673.294

78125 s

736,66

)

8,038,19-1

287,3711
25-,-K
306.4 4

2,273,623
2,403,220
2384,445

*2+0,024 )

2,265.410

196.84' 1

ini,or

n>9,o;;: 5

187.(57! »

21O.07I

2.193.807
2. 4(5.216
2.162.-57

209,1*9*

2,328,893

(1.3S6 in.).

1R81

Missouri rueific—

j

552.6751
732

(996 ni.)..

|

513.982

620.988

5-111

556,120

1880

(506 m.).
(528 m.)..

1881
1882
1883

(5**8

....

168,302
230,9 K
148,167

216,767
158,591
168,004 |

1-40,091
10,{,551
141,957

184,603

204,091

159,671 |
215,971 !

128.807

in_ t

218 470

199,828

179.213

189,479

1880
1881
1882
18'3

i

129.241 1

145,803!

|

121.85.-

180.517
136.1,8122,9:1

134.378,
111,734.

203,102
17-1,974 1
195.263 j

220,823
177,330

164,8-8
193,655
167,39:: |

!

140,59."
137.41:"

156,5s,

18),00:

,

256,21.

i

I
I

!

155.821
165,69. !

!

136.70: :

1-6.19

170,66 i !

181.5)3-

195, 0 8 i
|

179,78!)

15)

)-,:{.+

162,13(
1(56,203 !

11)6,0'.*- >!

1—,' 3.

1

j

I5)P. !'9f>:

201.71 +

I

11*7,190:

291,32:

i

|
j
j
i
1.580.97* ; 1.606.87:
!
1,296.381 1,252,218 11,644.958 1,643.151 1,592,54411,601.81 + | 1,787.081 >1.7 72-56
1.791.!*-+

)

170,753
197.3 >8

!

186 992

1H.S4

101,43:

206,16!

154, i 03 i
171,0 i.

J

-

177,2091

172.35:

210,26
17>7,877

i
251,30.8
262,9841
3-»1.0511
2-0,063i

261.714
25;.92
267,43:

134,2c

1 >0.7-5

131.621
135.51135.17-1
i;4-4,4(>-l

216,(55--

i

(539 to 5pO m.)

New York

94-1,74*

I

I

!

Nashville Chatt. dc St. Louis —

701.4:44

633.839
8.50.52:'->

625,13: 2
>8)1.4 It <

I

l

250. IK !
224,: 4461

636.72; >j

!

i

j

Mobile & unto-

18X4*

395,41!
469,0-4:

388.68

1881
1882
1883
1881

1

| .189.7

7

i

!

203. )’.*> <!
2J5.66: r
!
1

1.707.38.-! 1,7*24.78*- 19.489.366
1.7-6 11' 1 839,9 It
1 ,?•'!
IjSM ,St»r j 1,'< 15,409 i 1,;»7! ,2*)- •2 '.:{93.112
1,770,89!
1.8: —.82 i 1,(591,404 20,203,409
..(1,109 to 1 020 m.).. 11.143,137 1.425,705 ; 1.817.261 1,709.057 1.0-1.79- 1,7u 6.68- <! ,850,26- i 1,-42,144 !,8S,*,8 14 1/-19.0H
1
..(1,020 tu 1,060 m.).. 11,318.997 j 1,304,758 1,567,03;! 1,670,741!
:3,)ll,l U j 2.180,9-1
1,636,969 1,348,474 '2.055,988 2,057,541 2,111,45*1 i 2,580,*J:3l j2.613.18
..(1,060 io 1,625 m.).. 11,5:4,869! 1.283,010
!
|
|
1

Luke Erie ifc West.—

•

•

.

1881.
18S2
1883 }

|

1881

New York
18-0
1881
1882
1883 ‘

'

164,231

.

1882
1883
1884

245,681

...

76,07-1

161,951
153,633
119,659
131,344

175.421
174,76'
217,3 i;

171.793

lO.+.Oo !
185,322

190,990

2i

230,860

415.32-*

386.130

382.657
413,551

452,900

•187,273

329.783
465,58-

414,789

420.490

465.694!

486,865

5U6,863

476,335

499,133

81,390
114,50-

(322 m.)..
(3.‘2 m.)..
(322 ni.)..

.

66,697

77,259

119,35-

180,074

7 8,8; >3

216.2'0
451.023
065,509

200,487
1<l5 335

Northern Central—
1881

*261.201

304.592
:

179,917

io:,5".r

19*6,122
‘222.16U

221.43*2i‘M74

2.0.18-

261,711

2-0,557

j|

1 7J

80,180

143,099
1 74,436

131,407

1

133.161

145.585
1 04.371

1

*5,003

t

71.33

86,782 ;

1

156.-89
171.-4-:
203,010

'

X/i;

!

.j! >\J

3;

|

209.0 4:

'8,995

2

2*51.335

2(8.318

-

1271.2 79

>1,8,57

!
4 10.81

7.231

-

1

4 55,-19
410, lot

•1<!...84

217,613

253.105

2 47.0 (!

0*>C

312,705

4 L 1.02;

o\)

704.-1 7

759,687

773,426

51,025

<19,9--5
53.1-90
4-471

42.) 505
r».) ;.;V*s

4 4'.*.(>4-1.
52 7.71 l

615,7 A

59>),

45 5 ..187)

6:6,231

51°,911

t os»:;

453.5*23
A'98,09s
035.5)70
58 7,2 7+

450.79-

419,19:;
4

4 71 52:

<

...

-

123.437

67,522
73, *31

l,003,0t>l

1

|
235 910
*

3,393,544

i

91,0-12 I

293,4 16

87,051

2 39(5.303
2.809.94:+

251,13+

>05,87 7
*71 .*)T*>

63,801
90,0-5

68,622

18,511

195.651

198 10.240.064

210.8.51
240,7(54
2*71,(>61

j

|

10,73105,6 .7

61,67:'

41.952

830.150
407,348
499.252

..

'

1883

391.82

:i4(5.-15H

1

215.491

299.57: !
383.341 1
353,5 i 1

I

156,870
164,917
168,572

(4.28 to 502 in.).

1X-4

51.219

235,61 +

2-0 5-1

'

(428 in )..
(128 m.)..

1882.

57,835

23’.5.8

24-9.8-r

320.15+ :

2*1.5,‘192
3U0,69(

,

303.035 !

334,491

(428 ni.)

1884*

289.722

52,152 1

265 222
296.311

205 05*
246,8--'0 j
298.7 4! 1

213,891

i

Norfolk «X; West .-(At.Miss.vVO.)1880
1881
1882
1883

133.700
2:7,185 :

,

43,827
68,t()7

( i ll Hi.)

...

.

173,614
217,261
237,711

)

179,689
216,913 :
261,014 j
275,891

183,845
2:2,019

149,908

,

189,741 1
213,84(1 i

(39 tin.)..
(394 m.)..
< 394 tn.)
tV West.—

1884

New York Susfj

!

1

A' New Enel and —

j

459,051
487,160
520, (5X5
5.1(5.091

181.74*

205.C99
2+4/75—

1
.

2.064.194
2,267,288
2.429,738

232,152 j
f

2,812,775

494,310

5.050.385
5.443.0DS

490.00.5

5,800,1+5
0,088,131

476,6p;-i

409,1.2

......

Northern Pacific—
1880
1881
1882....
1883

(722 tu.)..
(722 to 972 ill.)..
..(973 to 1,410 ni.)..

..

(9.M9

1884

Ml

i. 08.935

269,621

573,709

37,1 <57
57.993

39,64 !
64,361

45,507

,•-15.309
3X7.928

.(1,535 to 2,865 ni.)..

.

162.981
373.141

55,850

300.82*2
475,'$ 1
751.(533

35-'.<“*i
pi'. 81
5"H,*>32
7 7: '.s >—
821,749
127,2! 5
6 *4.007
(,897.32*2
850.22:: !, 013,62 1,194.71 1

330,8 1

*1*7 -

1,276,('2.

220 <)(j:> 2.630,084
891.286 4.(*70.22 4
f>5>.()58 6.984.897
x
9. •0,060 10,191,685

*565,500

)

-

Peoria Decatur A Evans*, ille—
1881
(24s to 254 in )..

40,607
67,755
50,iS3

1883
1884

..

(757 m.)..!
..(757 m.)..

o^o

1

1882
1883
1884

(308 to 337 in.)..

...

Columbia A- U reenvillc
1883

-

70,548,
71,077

.(294 m.;..

...

76,021
96,950

...(353m.)..

1882
1883

(353 m.)

..

St. L. Alt. iV T. 11. /Main

Line<11*0 111.1.

1880
1881
1882
1883*
18M*

13,042

329,248

1

20*5,13;:
207,109

339,467
352,414

93,922

101,577
1ii7,227
132.093
119 238

(195 in.)..

1880....
1881..
1882
1883*

.

II. liraiu hes—
(71 to 121 m.)..

,,..!

(121

73,468
91,103
77. *->*?*>

95,615

48,203
52,951

69,9 0
84,0-43

1
42,158j

73,183
88,021

43,092 j

44,053

os. 14-

99,1 "5

58,780:

7yv.M

98.205j

85,01 2"

<15,1 no-1

(■-.{. i7‘.{

J.j.i )2o

4

i,3pp!

St. Louis Iron Alt. *£: Southern—
18—1
x. .also t.u 7is in.I.
1882
1883*
(816 to 905m.)..
1RS4
St. Louis & San Francisco—
1880
(492 to 597 111.)..
1881
(597 to 661 in.)..
c (661 in. *
1882
1883»
(725 to 740 m.)..
-

...

ixxj*

Sli Paul Minn. it Manitoba*-—
to
;

855

(855 in. j
...(912 to 1 020 ru.>..
..

.(1,250 to 1,321 in.)..
•

1.387

01,849

m

l

xn,-r>i
7. ,914

828,;i5rt

758,557

.

799,15rt
137,929

1 r9.11 +
<1K15 >

97,537

134,826
1 17,046

115,824
118,113

1,497,170

176,167
24.8. >"7
41,004

23,337

26,94 1
83,784

250,791

86,133

11 \3 4
+

6,21 7

65,570

I

91,156
113,-2 {

112.499

110.635

123,580;

125,825;

119,225!
137,766'
|

122,690
14 >,77 7

136,026
131,313

16,191
21,760

18,548
20,167

108,988
101,826
i 02.153
115,171

113,5181
132,573.
1U! .747'
126,024!
•

4

•

103.434
13:3,337
97.905 j

16,977

1*5 81-1

20.1-4

27,535

2

4,261

j

30,55 4

105.8371

138.15 4
! 18.8 If

103,045

95,847
121.937
102,923

101,48;

1

.'5,8'iOj

I

i
13,918

14‘1,-191'

121,99(5

99.i)4.ll

83,551!

30,734;
44,9571

148,54:)
185,205

27.1*2

44,811

167.011

1,0.8,755

8-2,0n7
i

150,727'
135.592,

136.704

1 13,8-1

13.1.9-;

131.497

116,691.
105, >*))>

130. *80

166 6v7

101.342

142,9:13!

155.331

96.945
124,621

1.417,663
1,421.-03
1,450,031

99.422

12-.0S3

126,170

128,003

128,884

126,463

1,461,8; 9

67,5-;!.
66.3-4
83 785

77,982
.3.)')

72,0’4
64,28:*
72.-17

82.559
74.192
7.),8p;)

729.078
756,024
875,400

80,732

82,644

74,934

73,1 +5

834,0iS

793,325 *719 239

*687.289

*709,498
781,309

7,337,669
7,581,0:{5

101,950

•••••«

i
1

66.032
6:1.58.81

55,47*>i

47,028

52,082

44.370

6.8,565

50.240
70.9 47!

50,1.42
52 9 48

52.924
46.5 49
73 61’

63,500

.80,931

64,110
07.436
56,976

60,914

57,0 4-

55,560

560.791

704,002

474,392

519.120

529.700

032,22.-

544,780

556,78-

554,559

533.512
515 519
5 >5,890

611.386

501,127
522,781

540.302
579,97-

479,075

585.00-

570,957
516,370

6i55,25S|

193,0911

75.862

88.327
71,714

72,(51!
9

195,9 IS
178,599

193,116

• >75,981

724,16))!

141,710

770.104

<93,033

774,8! 1

328.101
3 tS.’.'Xv

290,32)
2<6. >56

»):>!
>•: 4,

333.026

167,66 4

173.607

213.2-37

259,5)9’

2-0,373

269,507

371.081'

263. .8:1

li8l,S'52
30 1.5)0 7

27-.053.

176.104

809 391

3,160,229

928.2b3[

913.3.14!
84p,51 1 j

7->

.

289,020

369,520

7o,p.0

841,'

137.615

261,797!

272,089

232,57»:

159.482
418 3 >8

320,i)62!

261.890
382.4542

243.407

38

871.188!
4 8 >.. 361
-32.

76>

979.057!

531,004

801.755'

389,612

729,813;I

570,890
812,017

40),3211
856,417|

4 14.5*5 1

254.187

333,014
425,085

629,615

717,-04 j

916,.sS2|

395,46!!
l4 89.763
41 '.36 9

727,499

7(+8,S.{8( 618,76:)!

-

297,649*

259,017!

•

•

508,u.lO|

29(5,756

853,2 >8

«

309,675|

-41.50 1

274,011

3

351,689(

858 9 (3

...

<|

2-4s,72l >

236,278

,48-j

<•>

395,850

252,960.

800,

2-10.139

2-34.196

0

{ 254,0401
| 278.321 j

31 <1 927i

43.9

2.698,371
3,160,528
3,512,241

252,889
3: >0.5)! 4

208,517

—

226.063
300. l(>ii
313.205
421,180

269,96 ;
271,323

<i June, 1882, ti'^arei* (as well ts those o r
ce
Since t.utti ue theso receipts have bee >

5 Exclusive

8 6,52'
82,0/1

*

345,05
6()P,»08|

<.5l*>j

09.1.4—•> !

3,904,772

.-78,958
H.764.771

4

8,314,601

ended with that month.
Omo from and after May. 1383.
ior tt.e w,i>>le of tuo
y t>a. * 0-.And 60 miles of canal.
evenly through tne year.

/ Includes 08 per cent, of earmii. s of N\ Y. Pennsy'van a A,
June tn pro otUnjj? years) includes miseeilauootis recoipta
added to
m mtii’d cariin./s, and thus tl atnPuled
of Central of N. J. earnings.

Approximate ll+ruros.

!
i

180.2391

-

_

6(53,4 32

3,845,153

7 > pj5

1XR1*

.

3

322,44.8
334,640

»

61,1-6
56.092

7.5, <55 i

(i2i to 138 in.)..

1.-5 ’.--9 20,770 101
1.8:44.598
1.795.371
l,561,8ui 22,773,1-7

|

51,7*50

66.950!

863 628

*

33.240
•i 1* 4 O’*

1.354,031 18,431,847

3+3,7*. 4

i

38,987,
3 7,30 ■*

3,810,510* 51.083,241

1

40,735

36,217
4 4.094

3.517,82- 4 1.200,f6S
44 124,118
4.157.W- •49.OlJI.o26
3.731.751

.

2,381.1-8; 2,48(5,095

4 8,2.10:

!

.

2.256'. 7 4! * |

421,764
420.-31

i

47,951;

.: ■

2.181.23*;
2.'d.),.5 t>

1.7 46.:*9;l

302,2 -2

*5,717
7:17,5 1

71,148

(121 m.",..

a

40.7- 4

25 ',691 (

56,218

m.)..

61,958

1,9- 0.912.2-29 518

:ko.5si

2

2 M 3+0
27. ,2+2

0*29/ *8

263,360
297,287

......

.

00,609

6-8,073
760,529
120,-82

J

.

!

27,557

(195 m.)..
(195 m.j..

St. L. Alton &■ T




I

107 110

Western North Carolina —
1832
(lop to 190 m.)..
1883
(190 tu 206 us.)..

64.287

..

1.457,881 1.3<H.5"46 1.282,88.* 1.531,81-’. 2,080/.*5*'
1.915.-7 •
! .835,72.
i,;io>i 9
1,686,302 l,7l) 1
:
2 O! 51 M1
1,703, 4;il‘ 1.714.7 4 ,2.03<i. (5!< .5*7:5.5(o.;.:
1,696,877 1,797,855 1 1,5)46,254 .‘,281,09 • J, 102,985

5,1 u 14

iHKJ

Viririuia Midland—

a

1

J

i

61.775;
131,618t

(308 m.)..

.....

a

49,1<:+

.

I

1

p.nxl 286,022;
.

58,7(m

9.571.91 +
3.149,61 J
{.735.0 -( >,61*2.971! 3.-40,21.5
3.7 vi.ll 4.149,:.50 *.-;t i. i7'«i 1, « ’ 7.6 !- in.io.u5t, 4. <13,-25
4, L. 6,-950 4.775,. SOI 4,63 4,00- 1,875,34- 4,17.1,-t 79

1

i
1.085.1621 1,4-9,3" 9 1,490,330
1.336,42-i 1,60 t,568j 1,484,861
0.089! 1,709.71"'
1,290,421 i 1
1,153,862 1.669.24 111,726,6 Hi

259,757 j

.’

i.Ofl;)

53.471

{.725.355- {.*> 17,513 3882,714

V.12,215 1.189,380: 1,041,730 4,303,00(5 4,15'.,8 71 1

*>C,9 S-'O

Charlotte Col. tfc Augusta-

18S0
1881
1882
1.883
1884

45,820

59,23 j
,-4*2

p

f>-

70,8/2
65..1 :1
7 -,*>70

-

3,914.576 1,278.186 3,488,366 4,417,910 4.221,476
4-0 7,4 17
{.095,614 { -44.301 '3.76 >,372 8.856.89:
4.3s >6,750 {.912.293 3.853.8. j() 1.10.8,877 1.Oil {.756

1884

1882
1833
188 i

7-'.'7 J!

1

1,820 m.).. 3,03.3,55 i
1 ,SS7 m.).. | 3.189.21.'1,981 m.).. | 3,373.32)
2,015 ni.).. 3,929,351
1$81
(2,015 ni.)
Philadelphia & Reading—
..(846 ni.).. 1.31*),OS'.
1880
(846 m.i.. 1,3:9.19.
1881
(846 m.).. 1,503,07C
1882
(Si6 m.)..! L,608,775
1883§
Richmond t&c Danville—

S*o.f-.4:;
75.723
76.4- 1

51,918

1

(+1,806 to
(+1,844 to
(11,887 to
(+1,981 to

1880
1881
1832
1883

*

55.525,
(50,OM

01 732

Pennsylvania—
(All linos east of Pittsburg Ac Erie) —

.

51,977
67,08-4
60,059

888811
242

0881

03

RAILROAD

EARNINGS.

[Vol. XXXVIII.

MONTHLY EARNINGS OF PRINCIPAL RAILROADS -(Concluded),
Jan.

March. April.

*

(444 to 700 m.).
(700 to 982 m.).
(982 to 1,412 m.).
(1,412 tol,487m ).

245,785
281,170
S23.987
534,529

f,070

219.165

21

260,781
278,535
416,040

319,928
343.442
526,901

(1,487 m.).

Union Pacific-

May.

June.

July.

Auk.

Sept.

Oct.

Nor.

Dec.

Total.

"

Texas & Pacific—

1888
1884

Feb.

t

174,177
295.066
368,752
406,180

141,083
281,783
421,219
496,678

153,066

195,711

285 305

328,063

397,253

379,451

456.226

537,743

226,073
381,331
452,153
546,556

260,570

345,790

8oJ,000

419,203
473,240' 541,901
529,968! 683,669

Sll.184!

369,521!
619.655'

610,903

301,858
401,058

2.754.468
3,969,006

641,049 c5,919,732

655,402 cl,005, 111

(8,800 to 8,603 m.). ,1,656,005 1,600,732 1.854,723 2,140,014 2,731,389 2.884,774 2,766,236 2,796,843 3,119,450,3,078,559 2,745,9511
2,509,600'29,834,282
(8,663 to 4,180 m.). 2,186,020 1,835,6‘2< 2,392 593 2,369,609 2,487,929! 2,508,453 2,205,054'2,827,904 3,170,310:3,109.506
(4,180 to 4 650 m.). 1,986,535 1,743,207 2,489,405 2,435,844 2,427,837 2,330,132 1,567,806 2,576,446 2,994,076 3,080,409 2,711,917, 2,559,00) 3O,303 »28
2,731,723: 2,4 .7,215 29 760 995
.(4.180 to 4.650 m.).

Wabash St. I.on is & Pacific—
1G82
1863*
1884.
♦

(1,55* to 2,479 m.).
(2,479 to 3.350 m.).
(3,848 to 8,518 m ).

Approximate figures.




(9,518 m.)

(8,Rl8m.).

7 re,790.

865,339 !

759,451

978,629

892,025

948,773

953,468 1,066,742 1.189,478 1,178,950 1,501,203

813.374 1,109,399
967,033 1,148,669 1,330,944 1,120,615 1,542,124 1,497,240 1,406,029
1.229,965(1,184.768 1,313.775 1,378,194 1,204,864 1,149,682 1,418,837 1,772,544 1.682.382! 1,595,630
1,807,783! 1,070,758 1,479,238 1,103,651 1,213,946 1,148,418 1,216,409 1,779,641 1,737,182 1,712,830
c

Including pool earnings.

1,131,787
1,372,360
1,525,715
1,560,120

1,050,816 12,428,112

1,294,057 14,407,78©
1,331,952 16.738,858

1,518,288 16,908,406

T H E

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J,

KENNEDY

J.

ALEXANDER BARING,
Member N. Y. Stock Exchange.

H. 0. NORTHCOTE.

KENNEDY TOD.

No.

TOD

WILLIAM

63

&

CO.,

STREET,

B AN KE R S.
Act as Agents for Banks,
Issue commercial credits,

Bankers and Railroad Companies.

also foreign and domestic travelers* letters of credit in pounds sterling and dollars.
OFFER

INVESTMENT

SECURITIES.

Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch
Collect dividends, coupons and foreign and inland Drafts. Sell Bills of Exchange on

markets.

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THE

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Secured by

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AND

SECURITY COMPANY

MORTGAGE

PER CENT BONDS,

5

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DUE JULY 1, 1902, $1,000 EACH,

First ITJor‘gages on Improved Farms.

I\TERE*T,

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Bonds registered to order or payable to bearer at option.
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Mo.

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STREET,

BOSTON.

Vice-Presidents—Thomas Wigglcswort.il, Elisha Atkins, Amos T. Frotliingliam, John Webster. Boston; Myron P. Bush, New York.
Directors—Austin Corbin, New York; Henry Saltonstall. I. D. Farnsworth, E. Ellerton Pratt, J. Baxter Upham. Francis A. Osborn,
Charles L. Flint, Boston.
CHARLES L. FLINT, President.
J. F. F. BREWSTER, Treasurer.

Members New York and Pli| adelpliia Stock Exchanges.

.

L.

TAYLOR

H.

&

CO..

BANKERS,

(

S. \Y. C or. Third and Chestnut Streets,

Philadelphia.

Deposits received subject to check at sight, and interest allowed on daily balances. Stocks, Bonds, &c., bought and sold on
Particular attention given to information regarding Investment Securities.
Philadelphia and other cities.
Private wire to New York, Baltimore and other places.

commission in

WILLIAM FISHER &

SONS,

bank r: is s,
,4.ncl Dealers in Governments,

SOUTH

32

Have Western Union

Stocks, Ac- Investment

STREET,

wires in

s<e«m. s».)

Securities,

BALTIMORE,

MD.

their offices, by means of which immediate communication can be had with all

commercial

points in the country. Especial attention given to purchase and sale of Virginia Consols, Ten-forties, Deferred and all issues of
the State, and to all classes of Southern State, City and Railway Securities.
Correspondence solicited.

LAWRENCE BRO’S & CO.,
bankers

and

IVo.

stock

31

commission

Broad

NEW

SWAN & BARRETT,
IM>KLR«

brokers,

street.

YORK.

INo.

186

A

KROKERS,

TVIicldle

tSti-ecs t,

PORTLAND, ME.
Dealers in Government, State, County, City and Railroad

DEWITT C. LAWRENCE,




CYRUS J. LAWRENCE,

Members of New York Stock Exchange.

Bonds, Bank Stocks, &c.
Desirable Investment Securities constantly on

hand.

T II

K

FINANCIAL
(ANNUAL)

1884.

A Year Book of Financial Information
FOR

BANKERS,
STOCK

BROKERS,

y~

r

■

MERCHANTS,
INVESTORS.
C O N T E N T S:
Retrospeci of I8S3,

Investment*

mercant ile Fail tires.

in

United Stafes—National Bank Figures and
Currency Move¬
ments.

New York

Speculation-

Compound Interest Table, Showing Accumulations of Money

Banking and Financial—
\

and

Series of Years.

a

Realized

City—Bank Returns, &c. London—Money

out

Market and Bank Returns.

on

Table

‘

Showing the Rate Per Cent

Securities Purchased at Different Prices (with*

regard to Date of Maturity).

Stock Speculation

j

inj

New York.

Commercial—

United

States—Foreign Commerce, Trade Balance, U. S. Ex¬

ports. and Imports of Leading Articles.
of
Tlie

London —Review

Year, Bank Returns, &c.

money market-

| United . States

Debt of the United States.

I-

Gold

and

State

Silver-

Railroad Statistics of the United States.




Stocks.

Exchange—

ol

the

Immunity tiom Prosecution.
Securities, 1860-1883.

Prices of

Railroads and their Securities—

Review

Railroad

1879-1883.

Market and Prices in New York. 1871-1888.

Price

Debts and

State

'

United States and abroad.

*

'

| State Debts and Securities—

Production, Exports and Imports of Gold and Silver in the

Foreign

Prices of United States Bonds i

186ft-18S3.

influences, and Prices of Call Loans and Commercial Paper
since 1875.

l>cht and Securities—

hound

.

Earnings.

Prices of Railroad Bonds,

The New York Stock Market, 1879-1883.

Prices

of Railroad Stocks. 1879-1883.

j'
in

Cloth

$2 00

To Subscribers of the Commercial &
Financial Chronicle

(one copy only)

Postage, when sent by mail.

:

:

WILLIAM

JB.

DANA

79

&

SI

William

Street, New

1 00
io

&

CO.,

PUBLISHERS,
Nos.

Preferred Railroad

York.